March 2018 Update - IMPORTANT:

Probably since my tutorial being published, PayPal did certain updates so here is what Carole @OKNord recommended:


"Just like 1mpunity, I had issues with PayPay.

If PayPal goes ahead and send their 2 small deposits to an RBC US high interest savings account, the deposits will be rejected by RBC, knowing this is a NON-transactional account.

Trust me, I tried that route.

After several failed attempts, I had to inform PayPal, RIGHT AWAY, to manually confirm my new RBC bank account, (and to NOT send their 2 small deposits to my account), knowing this RBC account is a NON-transactional account.

My advice:

Once people reach Zarina's Step #5 of her tutorial, which is "Confirm your bank account with PayPal", it's better to call PayPal Support right away, so that PayPal can MANUALLY confirm your RBC bank account."


So, proceed with what Carole said instead of what is written in my outdated step #5 below.


Once you submit the information, most likely you will be asked to verify your account.

You will simply receive an automated phone call and you will have to enter the security code using your phone's keypad.

Once verified, click "Continue".


NEXT: PayPal + RBC: Step #5



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dunbar Premium
Hi Kadotty I liked your training, as i am an aussie do you know of similar operations for us, cheers Helen
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Zarina Premium
Hi Helen,
I've never been to Australia yet, and I am not familiar with the banks that are there. Unless you have Royal Bank of Canada and can try the same trick.
Thanks for stopping by,
Zarina
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dunbar Premium
no Canadian bank that I know of thanks anyway cheers
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Zarina Premium
Sorry, I couldn't help with the PayPal thing in Australia!
Good luck,
Z
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dunbar Premium
thanks anyway cheers Helen
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Zarina Premium
You are welcome! :)
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Rick Jantz Premium
A gathering of Canadians (Alberta here:) Thanks for posting this. I'll take a closer look at how I have my PayPal account set up. All the best to you.
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Zarina Premium
Hi Rick,
Well, I am excited to meet fellow Canadians!! :)
By the way, nice to meet you and am following you now!
It is my absolute pleasure to help!
Thank you for stopping by :)
Zarina
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Zarina Premium
Hi Rick,
Did you have success with setting up a link between RBC and PayPal to avoid the hefty 2.5% conversion rate??
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Rick Jantz Premium
Hi. No, I never did use RBC.
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Zarina Premium
Oh, did you work it around with another banking institution? As far as I recall only with RBC US eSavings account it was possible to play around PayPal's conversion rate.
If you have any new information - I would appreciate you sharing it here so that I add an update to this training :)
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Thank you so much for this training, it was very helpful.
I will definitely bookmark this training for future reference!
Olga :)
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Zarina Premium
Hi Olga,
Good to see you here ;)
My pleasure to be helpful, and I hope you enjoy this community!!! :)
Cheers,
Zarina
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Zarina Premium
Hey, Olga!
Long time no talk :)
Just following up on you here - did you manage to work things around with PayPal and RBC bank?
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SandiT Premium
As a fellow Canuck I'm so happy I found this tutorial. I'm already getting dinged monthly for my premium payment. I love Canada but conversion rate sucks.
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Zarina Premium
I feel you, Sandy!

I am happy to hear it is useful information for you :)
If you know any other Canadian WA member, please spread a word!

There is not a single tutorial/blog post talking about Canadian PayPal users and conversion rates! So it will definitely be helpful to lots of Canadians.

Thanks for stopping by!
Zarina
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Zarina Premium
Hey there, Sandy!
Did you manage to set up a new account with RBC Bank to avoid the conversion rate? Was the training useful?
Looking forward to hearing from you!
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SandiT Premium
Have not set up the account yet. I do have a question though. It has to do with our monthly membership. I am being charged $56.11 for our $47.00 membership which I understand because of the US conversion will the US RBC account help with that?
Also I'm having issues with paypal not only am I being charged $56.11 but they for some reason have been taking out $76.00 will have to call them as its been going on for about 3 months and they are ignoring my emails have you had any issues?
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Zarina Premium
Hey Sandy,
To respond to your questions.

1). Yes, the price is higher in Canadian dollars because of the USD-CAD rate plus relevant fees with your bank may apply. In terms of US RBC to make payments - honestly that's a good question. I don't really know the answer though. I have annual membership, so I can't even experiment with making a payment from my new RBC US account.

I do remember though that we can move funds from PayPal to US RBC account (which is the purpose of this training), but we can't move the funds from RBC US account to PayPal. So it's a one-way street here for some reason. Not sure why. So I assume if you are making payments to WA through PayPal then it might be complicated to do through RBC US account.

As an alternative, you could just leave your commissions in PayPal account and just pay for your membership with these commissions (and not use any bank card that you use to make payments).

2). In terms of PayPal charging more - just about when this training was created, I talked to my friend who's a freelancer and receives her $ through PayPal. She also complained that for some reason, PayPal withdrew a lot of fees from her salary here and there without any particular reason (at least she didn't figure it out). And she also complained that they never responded to her emails so you might want to give them a call.

What I can recommend to you though is to call the French help line (1-855-477-1170) because I heard that the other normal help lines didn’t seem to be helpful for others so this is worth a shot. I am sure you will find anyone who speaks English there.

I hope this helps, Sandy!

P.S. When you figure things out for sure - do you mind getting back to me and say how things really are with regards to your concerns? It will be a valuable knowledge to me and to others who will read through the comments here - so it will be an additional help to them.

Is there anything else I can help you with, Sandy?
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SandiT Premium
Hi kasotty thanks for getting back to me. That is my main concern right now I will call paypal and try to find out why they are taking out so much I will let you know what I find out.
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Zarina Premium
Sounds good. Good luck and hope to hear from you soon with some good news!
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Cavan Premium
Thanks Kasotty as a fellow Canuck I was thinking i just had to eat the exchange, thanks for taking the time to explain it in great detail ....i already have a RBC account so that's great.
This is great information i tagged it for future reference.
Thanks so much cheers
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Zarina Premium
Hey buddy!
Good to see you again!

Yes, I thought I would have to eat the exchange too, but somehow I decided to do research first, and what I found was SO useful that I knew I NEEDED to create this training!

And thanks for confirming that this tutorial indeed is helpful.
Also, if you know any other Canadian WA member, please spread a word!

Let's make sure a lot of people benefit from this information :)

Cheers,
Zarina
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Cavan Premium
Great job Zarina , I am going to set up my Us account monday. I owe you a Tim's....lol
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Zarina Premium
Haha, ok!
I am just happy to be helpful :)
Let me know how it works out for you, will be happy to help out.
Cheers,
Z
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Zarina Premium
Hey there!
Did you work things around with RBC and PayPal? Did this advice work for you to work around PayPal's hefty 2.5% conversion rate??
Excited to hear from you!
Reply
Cavan Premium
Hi Kasotty , Yes i am all set up with the US account thanks to your advice...:) . now i just have to get some cash flow the hard part.
Noticed how the Canadian buck has moved up, that's because I opened a US account....its my fault.....LOL.
How is you biz going?
Cheers Cavan
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Zarina Premium
Hey, Cavan!

Excited to hear that it worked out well for you!!

I created this training for a few days to make sure I include all the details and make it step-by-step to ensure complete understanding for everyone who reads the training :)

I am happy to hear it was useful to you :)

Everything is pretty good for me - I've been less active recently due to the moving process and other factors at play, but now I am slowly returning back to my online life!

Yesterday I finally could publish a blog post about my small successes during the 6 months at WA community.
Feel free to check it out! Anyway, Cavan if you need anything, feel free to contact me.
You know that I am always at WA :)
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