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I'm assuming by "cross-border" that you mean across currencies. You really expect a company to do foreign exchange for free?
by deadlycrayon 10y ago
I'm assuming by "cross-border" that you mean across currencies. You really expect a company to do foreign exchange for free?
- lukeqsee 10y agoForeign exchange can easily be "done for free" by properly setting the exchange rate. All Stripe has to do is publish an exchange rate that is a 0.N% deviation from the current market rate and they'll cover their costs, have a profit, and provide a "free" service. This would likely be significantly cheaper than international wires.
- Feld0 10y agoNope - it is a fee for money that travels between PayPal users in different countries. It's about 1% for Canadian accounts, depending on the payment's source or destination [1]. [1] https://www.paypal.com/ca/webapps/mpp/merchant-fees https://www.paypal.com/ca/webapps/mpp/merchant-fees