I dont't think Stripe is being misleading, but many people might be overstating the importance of this feature. Even without this conversion, you can always (t

I dont't think Stripe is being misleading, but many people might be overstating the importance of this feature. Even without this conversion, you can always (try to) accept payments denominated in U$ from people with Brazil-issued (or Uzbekistan etc) cards. Say you charge 10USD for a product. You get paid (10-fees)USD. Later the issuing bank will convert (say) 10USD into 20BRL and the customer will pay in BRL as usual. But the customer doesn't know beforehand what is the exact exchange rate, so at the time of the purchase they don't exactly how much it will cost them in BRL. With currency conversion, you can instead charge some of your customers in BRL. In this case, the customer knows exactly how much the cost will be in BRL. Instead, the USD value you get becomes variable. But this doesn't solve the problem of Brazilian (or Uzbekistan) banks denying the payment (due to fraud prevention or because they aren't connected to Stripe's acquirers or whatever), and it doesn't solve the problem of accepting payments via Stripe as a Brazilian-based merchant. (To be clear, this is not a critique of Stripe)