I'm not an expert, I think by default they payout in the currency of the country that your business is located in.

In not sure about India, but in AU, we have the option to receive USD payouts to USD accounts in Australian banks, so you can avoid Stripe's conversion fees. But now you have USD in an AU bank. What are your options? Convert to AUD at the bank's terrible exchange rate. Or send the money to a US bank (or Wise), paying horrendous international transfer fees.

I hope I'm missing something but I don't see this offering from Stripe as being very useful.

> In not sure about India, but in AU, we have the option to receive USD payouts to USD accounts in Australian banks, so you can avoid Stripe's conversion fees.

I tried that, didn't work. I opened a local USD account in my non-US country and tried to add it for payout to Stripe. Stripe only allows (at the time I checked, please correct me if that has changed) US based USD accounts with ACH routing information.

I don't know about AU banks but in India, most big banks allow you to convert at 0.3-0.4% + FIRA and interbank charge which is around $10. Not great but it's better than stripe for bigger amount.

You can also get a multi currency bank account. There are some options available to Indians which provide US based ACH and IBAN. Be careful with FEMA compliance.

Not sure about wise's offering in AU but CA and UK you could just receive the USD into your AU Wise account and pay basically nothing <.5% for FX when compared to spot.