Purpose:

The PayPal Exchange Rate Quote API enables businesses to dynamically display prices in multiple currencies by generating exchange rate quotes for currency pair.

Key Features:

FX Rate Guarantee: Guarantees exchange rates for a specified duration, ensuring stability and consistency in currency presentment scenarios.

Customizable Pricing: Provides flexible exchange rate options tailored to business needs, allowing customization through negotiated rates and dynamic pricing models to align with business requirements.

Provides functionality to source wholesale market rates with the addition of a percentage-based currency conversion fee. This enables the delivery of retail exchange rates without offering a rate guarantee.

FX Rate Revenue Markup: Offers merchants the flexibility to apply customized markups on exchange rates, allowing them to generate additional revenue from currency conversions. Enables businesses to define their own pricing strategies by setting adjustable markups based on transaction volume, customer segments, or market conditions, ensuring greater control over foreign exchange earnings while maintaining competitive pricing for end users.

Quote API Usage:

Need a Guaranteed Rate for a Certain Timeframe: Businesses want to lock in an exchange rate for a defined period to protect against market fluctuations and reduce the risk of FX volatility.

Offer Customers Stable, Upfront Pricing for a Limited Time: Displaying FX rates but ensuring the rate remains fixed for a short duration, allowing customers to complete their purchase without unexpected price changes.

Integrate with PayPal as Payment Processor for Real-Time Quoting Scenarios: Leveraging PayPal’s payment processing capabilities, ensuring seamless multi-currency support.

Sample Use cases: Multi-Currency Presentment, Real-Time Checkout Quotes, Subscription Pricing with Guaranteed Rate, Buy-Now-Price Guarantee for Cross-Border Seller.

How tos

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