Hi,

I am currently being charged double by PayPal and Stripe for my e-commerce business. A standard 3% fee for every transaction and a FX conversion charge close to 3% to transfer to my bank account. Most of my revenue is in USD.

For those doing eCommerce business out of Hong Kong with customer base largely outside Hong Kong, what are you doing to optimise these charges? I am loosing 6% to these players which is pretty ridiculous.

The key issue seems to be that there is no support to deposit to USD bank accounts.

At some point I am hoping Transferwise comes in to the payments processor space so that they can compete against these guys and reduce the FX charges.