Hey - just be really careful about FX currency conversion fees. This from Pins' pricing page:
*Foreign currency transactions will be automatically converted to Australian dollars before being transferred to your bank account. The conversion is completed at a retail foreign exchange rate of 4% on top of the wholesale interbank rate at the time of the transaction.* If you're taking $USD and shuttling back to your $AUD account, then it reads like your total fees are going to be 3% transaction plus *4% FX fee*plus wholesale interbank rate. If you are taking $USD then its likely some of our business costs are $USD so you also a few more percentage points in even more fees as you pay suppliers. These all start to add up really quickly - at the end of the day you're hitting 10% of your revenue going toward fees when it obviously much better spent on building your business. Its a silent killer. We found the best solution was holding an account with NAB in $USD and using Braintree (AU office now) for transactions. So - all we're paying is standard Braintree rates to get the money into our $USD account and a really really low FX fee to transfer from NAB $USD to NAB $AUD accounts when we need to be spending some Aussie dollars. Make sense? Happy to chat off/group with anyone about this. On Sunday, 25 August 2013 08:40:26 UTC+10, AnthonyS wrote: > > Hot on the heels of Pin.net.au, Stripe have launched their private beta > in Australia. > > Pricing is set at 2.70% + $0.30 with no monthly fee. > > Appears to accept all of the major card types. > > Where Pin have them here is in allowing you to charge multiple currencies > from the one account - From what I can see, Stripe is still denominated in > your local currency only. > > To signup, visit https://stripe.com/global > > > -- -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en --- You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To unsubscribe from this group and stop receiving emails from it, send an email to silicon-beach-australia+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/groups/opt_out.
