Basically, i want to sell something online, however i get USD payment offers and I am not sure if after receiving the payment it will be transferable to Canadian Dollars so i can send it to my bank account.
Thanks in advance for the answer.|||It will depend on your banking institution. It will certainly be transferable to CAD, but of course the exchange rate will determine the conversion numbers. Most institutions charge fees on top of this or will even add a few percent to the currency conversion rate to pad their income. There are some online institutions that can avoid this for you but it is probably not worth uprooting and changing bank accounts to solve. Best Wishes and hope this helped!
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