It doesn’t seem to work anymore. I also tried withdrawing GBP, EUR and USD from PayPal into Revolut and it always converts it to EUR or RON, depending on selecting the Revolut account or card. PayPal is pretty messed up, here are my results:
From GBP to Revolut IBAN it converts to EUR
From GBP to Revolut Master Card it converts to RON
From GBP to ING RON IBAN it converts to EUR
From GBP to ING RON Visa Card it converts to RON
I think PayPal is rigged to always convert money on transfer so that they rip you off at the conversion rate. I decided to never withdraw PayPal and rather just spend the money I have there in same currency shopping. I understand now how Musk became a billionaire off of PayPal, the service is rigged heavily!