[collision]

[Stripe co-founder]

As multiple commenters note, UK and EU interchange is significantly lower than that in the US. So the rewards market tends to be different as a result.

That said, launching this in the UK would still be attractive to us. We don't think rewards are the primary thing businesses are looking for.

As we talked to founders, it seems like they all want a corporate card early on for their business spending (to get it off personal cards). As the business adds employees, they need a sensible way to keep tabs on spending without the expensing process being really painful. I think that's just as relevant in the UK, with the added detail of multi-currency spending being more relevant.

[Scirra_Tom]

Thanks for reply!

From our point of view, a card where we could use our USD and EUR balance to make USD/EUR payments would be one of the biggest pulls if possible. I think recurring USD charges for UK based businesses are probably quite prevalent.

I don't think many UK startups realise how much they lose out on being charged in GBP on these transactions (especially with debit cards). There's likely an opportunity here to educate UK businesses and use that to promote this sort of card.

> all want a corporate card early on for their business spending (to get it off personal cards)

I'm surprised by this, been a while since we were an early business but didn't have any issue getting a corporate debit card which is more than adequate early on.

[porker]

> From our point of view, a card where we could use our USD and EUR balance to make USD/EUR payments would be one of the biggest pulls if possible. I think recurring USD charges for UK based businesses are probably quite prevalent.

> I don't think many UK startups realise how much they lose out on being charged in GBP on these transactions (especially with debit cards). There's likely an opportunity here to educate UK businesses and use that to promote this sort of card.

That's what we use Transferwise and their Borderless Account for.

The challenger banks have similar offerings, with multi-currency accounts behind them. We don't have enough in other currencies to need that (yet, it's on my TODO list) . Not being stung for foreign currency transaction fees is why we put all non-GBP expenditure through Transferwise

[_kyran]

Right now in order to charge USD (not the local currency), we have to give up 2% of total revenues to Stripe (or your local issuing bank) every month.

Is any progress underway to allow merchants to deposit funds to a USD account outside of the US?

[fudged71]

When will this be available in Canada?