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They use whatever to convert all the currencies of the world into your base currency, usually USD/EUR. Then they transfer that to you, and you pay more conversi
by sudhirj 5y ago
They use whatever to convert all the currencies of the world into your base currency, usually USD/EUR. Then they transfer that to you, and you pay more conversion fees if that’s not your actual base.
- lemming 5y agoI sell in USD, and then once a month they transfer my sales to me using Currency Cloud. At that point it gets converted at the mid-market rate + 0.25% IIRC. Since they don't actually make international transfers using banks, that amount is what actually arrives in my bank.