How does money get transferred to other countries in ebay transactions?

jopa asked:


I hear that for all money in circulation there must be a gold equivalent somewhere, does the money I pay to someone in China also have a gold equivalent that goes to China? how does this work?
so the gold in reserves is no longer equal to the money in circulation?
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2 Responses to “How does money get transferred to other countries in ebay transactions?”

  1. travelmaster Says:

    electronily all money is transfer electronicy

  2. enemy62301 Says:

    Seems like you’re over-thinking this. If you pay $5 American, it just goes through currency conversion, and the seller gets the equivalent in their country’s currency.

    It just instantly happens electronically.

    Good luck!

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