#ask-the-community
Thread
Hi All, we always had the situation that shopify paid our USA (USD) revenue in Euros to us, leading to many high conversion fees. To solve this, we created a USD bank account, so we could receive this without the conversion fee to EUR. However, suddenly, we see that shopify is also charging 1.5% for this second bank account. Anyone also experienced this and solved it perhaps? What is the best set up
Yeah we have the same for our GBP, one options is to create a separate store with USD as base currency.
Thank you for your reply @Martijn Bohncke & <@U08GZKHPN80>. Thinking of opening perhaps a second store. However, with the current 1.5%, is this not the same amount that I also pay for the conversion fee if I would still receive everything in the EURO account?
I don't really understand your question. But If you open a store there you also can get local psp fees, now you probably also pay 2%+ on your international card transactions
@Martijn Bohncke, I was wondering if the 1.5% payout fee (for our USD account) is the amount of expenses as working again with only the EUR account. If I’m correct, that is only the 1.5% for currency exchange, but no 1.5% payout fee. Yielding to the same level of cost