Stripe still doesn’t support settling USD payments into a USD bank account on an Australian Stripe account, instead forcing their 2% currency conversion fee on top. So my fee for every subscription charge is increasing to a an even more ridiculous A0.30 + 5.4%. Our users have been asking for PayPal for years, and I had always put off integrating because of how frustrating their API was. But it feels like the Stripe d…
Paypal have recently added an extra 3% charge for AU Paypal accounts to withdraw USD into US accounts. I have spoken to a few small businesses that are going down the path of opening up a US based subsidiary to avoid these charges.
Do you have any indication from these small businesses what the setup and compliance costs are like?