3 ms·

We use Wise but their USD accounts are US-domiciled. So we have 3 options: - Continue paying out to Wise and incur an additional 1% fee (~$30k per year) - Use S

We use Wise but their USD accounts are US-domiciled. So we have 3 options: - Continue paying out to Wise and incur an additional 1% fee (~$30k per year) - Use Stripe for currency conversion which is additional 2% fee (~$60k per year - Find a UK-domiciled USD account to pay out to. Might be possible - no idea really. Need to look into it.

meredydd 4y ago
> Find a UK-domiciled USD account to pay out to. Might be possible - no idea really. Need to look into it. FWIW one of these was readily available from my existing bank (Barclays) last time I needed one (~10yrs ago). Bit of hoop-jumping to go through, but definitely worth it for $30k/year.
- 02thoeva 4y ago
  Thanks, we'll speak with Barclays then :)
  - deskpro 4y ago
    Won't work. It's easy to get a USD bank with Barclays or other UK banks, but Stripe are still adding this 1% fee to pay out $USD wherever it goes.