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by garazy 5122 days ago
I don't think it's totally unrelated, only having one or two third party life lines for charging customers in a currency other than AUD is fairly dire for the success of any "Silicon Valley" if the startups are planning on making any money from global online sales.
1 comments

Do the fees that PayPal charge really cross the line from a possible business idea to non-viable one for you?

There may be some sectors which you could say you can't compete in on a global stage from Australia because of payment processing fees but it really wouldn't be many. What is the big deal about setting up a US company to handle it? Why not charge US customers in USD?

There are so many options that to dismiss running a business from Australia because of the extra few % really may be a problem in your business plan and product instead of payment processing options/cost.

I think you found the answer in your question. If I have to setup a US company because I can't get support in Australia to accept USD on my site, what else should I be doing in the US? It's got nothing to do with business plans or PayPal fees, it's about offering a professional solution on a global scale.
<sarcasm>You could get your healthcare in the US</sarcasm>