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I very recently (as in this was resolved about 72 hrs ago) was in a a similar situation where I had $20k withheld by PayPal. I would switch all of my business
by mhoad 10y ago
I very recently (as in this was resolved about 72 hrs ago) was in a a similar situation where I had $20k withheld by PayPal.
I would switch all of my business billing to stripe in a second if they had the ability to pay out to accounts in different currencies like I can do with PayPal.
Despite the fact that I run an Australian business I usually bill in USD but because I travel so much sometimes I'd like to have it in EUR or GBP etc for practical purposes. However with Stripe I am forced to convert it into AUD before I can do anything at all with it meaning I usually have to eat currency conversion fees twice before I can use it in a practical sense. Hence PayPal sadly....
- samwillis 10y agoYou should be able to get a USD bank account in AU, then receive your payments from stripe without any conversion.
- mhoad 10y agoAs far as I know that isn't an option either. Stripe only pays out in the same currency of the country the account is setup in. Rumours are this is changing, if anyone from Stripe reads this and is looking for beta testers please get in touch (contact details in profile)
- Tomdarkness 10y agoI think this depends on the country your account is setup in. Some countries allows you to have bank accounts in alternative currencies: https://support.stripe.com/questions/which-currencies-does-stripe-support#supportedcurrencies https://support.stripe.com/questions/which-currencies-does-s...
- metafunctor 10y agoThat list is a bit misleading. In most countries, you can add a bank account in USD, but that bank account must be in the US.
- brongondwana 10y agoI'm pretty sure we're being paid in USD to a USD account based in Australia with Stripe payments for FastMail. (we also use Paypal and a couple of other providers - spreading billing between multiple providers is a good thing)
- nmjenkins 10y agoNo, Stripe doesn't support this unfortunately. Pin does though (an Australian Stripe competitor).
- rnovak 10y agoI'm sorry but why do you think you know more about this guys' experience than him? This is like when I'd get calls from a delivery driver telling me I didn't know my own address... Plenty of companies will do custom setups for big clients.
- chrismorgan 10y agonmjenkins and brongondwana are both directors of FastMail.
- henrikschroder 10y agoWe're pretty much in the same boat, except we picked Stripe anyway. We're eating the conversion fees, can't wait for when they can start paying out in different currencies, but at least we're not getting into any more PayPal horror stories. :-)
- snackai 10y agoSo this can't happen with Stripe? You are delusional.
- henrikschroder 10y agoOf course it can happen, but I've seen 0 Stripe horror stories, but many, many, many PayPal horror stories over the years. So far their track record is very good.
- snackai 10y agoCompare the scale. Stripe horror stories will come.
- stevespang 10y agoYes, Stripe is better, just "tack on" the small % to your sales prices to cover the currency conversion fees . . .