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by wnm
3129 days ago
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The hidden fees come in the form of bad exchange rates. In my experience it was always around 3% less, then what Google Currency Converter told me it should be. Edit: to be fair, Stripe also doesn't give you excactly the same rate as Google Currency Converter would show you, but at least they are transparent about it: > As currency prices constantly vary, it’s not possible to know in advance the FX rate you’ll pay. The rate displayed online at various sites such as Open Exchange Rates or Google’s Currency Converter is the mid-market rate: the average between the prices at which people are buying and selling the currency. The actual exchange rate includes markups from financial institutions. When Stripe performs a currency conversion, funds are usually converted at 1% above the daily mid-market rate for users in the United States. https://stripe.com/docs/currencies/conversions#calculating-f... |
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