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Stripe still doesn’t support settling USD payments into a USD bank account on an Australian Stripe account, instead forcing their 2% currency conversion fee on
by tallytarik 6y ago
Stripe still doesn’t support settling USD payments into a USD bank account on an Australian Stripe account, instead forcing their 2% currency conversion fee on top.
So my fee for every subscription charge is increasing to a an even more ridiculous A0.30 + 5.4%.
Our users have been asking for PayPal for years, and I had always put off integrating because of how frustrating their API was. But it feels like the Stripe developer dream is over. Fine, I’m adding PayPal support. :(
- timcameron 6y agoPaypal have recently added an extra 3% charge for AU Paypal accounts to withdraw USD into US accounts. I have spoken to a few small businesses that are going down the path of opening up a US based subsidiary to avoid these charges.
- tallytarik 6y agoYikes. I have briefly thought about doing the same thing before, but I suspect the added company overhead would wipe out most or all of the advantage. Do you have any indication from these small businesses what the setup and compliance costs are like?