Getting paid in US dollars
Everything you need to know about selecting your payout currency.
- When you register for eBay as a business or by invitation, you will have the ability to choose your preferred payout currency when managing your payments.
- Choose between Canadian or US dollars, whichever best fits the needs of your business.
- This currency will apply to all payouts, balances, and fees, regardless of the site that you list on.
How do I choose US dollars as my currency?
1- Input your business information
The currency selection option will be available upon registration
2- Choose USD from the currency toggle
The default currency is Canadian dollars however you can select US dollars
3- Add your USD bank account
Provide a US denominated chequing account from a Canadian bank
4- Complete your registration
Complete your registration and get back to selling.
Please note: You will not be able to change your payout currency after you register.
Make sure the account that you provide is denominated in the same currency as your selected payout currency.
What else do I need to know?
-
If you link a bank account that is denominated in a different currency than your payout currency by mistake, you can use the back button to return to the previous page and edit your information.
If you choose to continue, you are responsible for any additional fees charged by your financial institution.
-
Additional fees may also apply when you select a payout currency that is different from the listing currency of the eBay site(s) that you list on.
For example, if you select US dollar payouts and choose to list on eBay.ca, your items will be listed in Canadian dollars and may be subject to additional fees when converted to US dollars. However, listings on eBay.com would not incur foreign exchange fees.
-
To accept both currencies, you will need to operate two separate accounts: one to list on eBay.ca to receive payouts in Canadian dollars; and another to list on eBay.com to receive payouts in US dollars.
FAQs
Can I change my payout currency later?
No, you will not be able to change your payout currency at a later time.
Why would I select a different currency?
You can select a different currency if you list exclusively or do most of your sales on eBay.com. Keep in mind that if you select US dollar payouts and choose to list on eBay.ca, your items will be listed in Canadian dollars and may be subject to additional fees when converted to US dollars. Learn more about selling fees.
What changes if I select a different currency?
If you select US dollar payouts and choose to list on eBay.ca, your items will be listed in Canadian dollars and may be subject to additional fees when converted to US dollars. Learn more about selling fees.
What kind of bank account do I need to accept US dollar payouts?
You will need a US dollar denominated chequing account from a Canadian bank. Contact your financial institution for more information on US dollar denominated accounts.
What if I don’t sell to the US?
If you don’t sell to the US, you can keep your currency in Canadian dollars to avoid any additional fees when you sell on eBay.ca. If you only list on eBay.ca, you can select the currency of your listing site. In this case, that would be Canadian dollars.
Can I receive payouts in both Canadian and US dollars?
No, you cannot accept Canadian and US dollars with the same eBay account. If you want to accept both Canadian and US dollars, you will need to operate two separate accounts: one to list on eBay.ca to receive payouts in Canadian dollars; and another to list on eBay.com to receive payouts in US dollars. Learn more about setting up a seller account.
How do I open a US dollar bank account?
Most Canadian banks allow Canadians to open a US dollar denominated bank account. Please contact your bank for more information.
What if I already have a US dollar account with an American bank?
Due to legal requirements, as a Canadian seller, you will only be able to get paid out to a bank account from a Canadian bank. You are responsible for ensuring that your account is set up properly to accept US dollar payouts.
Does the currency that I choose impact what my buyers will see?
No, your payout currency choice is not visible to buyers and will not impact your listings.
How long will it take for me to receive my payout?
Funds from your sales are made available within 2 days after the buyer’s payment is confirmed. You may choose to receive payouts of available funds daily, weekly, biweekly, or monthly. Please note that payouts are only sent to your bank on business days (Monday through Friday, excluding bank holidays). All fees and expenses related to your sales are deducted from your funds prior to payout.