[tallytarik]

If you have a USD-denominated bank account, based in UK or elsewhere, you’ll be hit with the 1% fee.

If you have a bank account in another currency, you’ll be charged a 2% currency conversion fee from USD to your currency.

[gorbypark]

I dont know if it’s common in other countries, but Canadian banks offer USD denominated accounts. From the wording, it seems like only if you are paying USD into a US bank account you pay the fee. Presumably paying USD into a non US bank account (in USD) wouldn’t incur this fee. At least I’d hope so!

[tallytarik]

Hmm, you’re right about the wording, but the alternate currencies page doesn’t seem to differentiate between where the bank account is based:

https://stripe.com/docs/payouts/alternative-currencies

Here in Australia we’re charged the 1% fee for USD payouts even though the account is with a local bank.