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If you are a European store, and say you receive in EUR and charge in another currency it is highly disadvantageous to you. The payment processor usually charge
by neximo64 6y ago
If you are a European store, and say you receive in EUR and charge in another currency it is highly disadvantageous to you. The payment processor usually charges a fee to convert the currency. Stripe for example charges 2% to convert (which is worse than the 1.5% interchange fee increase, and is is additive to it). You are significantly worse off in this situation.
Also if you are a British consumer simply pay in Euros, and let your card do the conversion for you - you typically get the interbank rate with most modern banks.