Stripe increases fees for EU and UK-based businesses in April

Re:Stripe increases fees for EU and UK-based businesses in A... by 02thoeva on Wednesday February 01, 2023 @09:06AM (#34610546)

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.

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Re:Stripe increases fees for EU and UK-based businesses in A... by meredydd on Wednesday February 01, 2023 @09:34AM (#34610972)

> 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.

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Re:Stripe increases fees for EU and UK-based businesses in A... by 02thoeva on Wednesday February 01, 2023 @10:34AM (#34611911)

Thanks, we'll speak with Barclays then :)

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Re:Stripe increases fees for EU and UK-based businesses in A... by deskpro on Wednesday February 08, 2023 @08:01AM (#34707407)

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.

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