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Does this mean Canadians (and other non-Americans) can finally launch a Kickstarter denominated in USD ? From what I understand, unlike Amazon Payments which r
by mrschwabe 12y ago
Does this mean Canadians (and other non-Americans) can finally launch a Kickstarter denominated in USD ?
From what I understand, unlike Amazon Payments which required a physical US address, to accept USD Stripe only requires a bank account denominated in US funds.
- skylan_q 12y agoTo accept USD Stripe only requires a bank account denominated in US funds. I can confirm this is the case. We're a Canadian company and we have a USD account within our RBC business account. A week after getting a charge processed through Stripe, the funds end up in the USD account.
- guan 12y agoDoes your Canadian USD account have access to the US domestic payments system, so you could make deposits into it over ACH with a routing number and account number? Back in Denmark I had a USD account, but it could only send and receive USD by SWIFT wire transfer, so it wouldn’t function in the same way as an American USD account.
- sleepyhead 12y agoFor European companies it is required to have a US-based bank account for USD with Stripe. A USD account is not sufficient. The alternative is to be hit by a 2% conversion fee when charging in USD.
- skylan_q 12y agoDoes your Canadian USD account have access to the US domestic payments system, so you could make deposits into it over ACH with a routing number and account number? Don't quote me on it, but I think deposits can be made to it through ACH. The relationship in transferring funds between Canadian and American banks is only quasi-international.