02thoeva

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·3 年前·議論

Thanks, we'll speak with Barclays then :)

·3 年前·議論

We use Wise but their USD accounts are US-domiciled. So we have 3 options: - Continue paying out to Wise and incur an additional 1% fee (~$30k per year) - Use Stripe for currency conversion which is additional 2% fee (~$60k per year - Find a UK-domiciled USD account to pay out to. Might be possible - no idea really. Need to look into it.

02thoeva

·3 年前·議論

Same here. This is a massive dent in any of our remaining profit. Realistically we'll need to look to leave

02thoeva

·3 年前·議論

"UK businesses who are paying out in USD to a US-domiciled bank account will now incur a 1% fee, with a minimum fee of US$2.50."

So if we get paid out a USD payment, into a USD account. We get charged just because we're registered in the UK? That's a huge impact on our business.

02thoeva

·4 年前·議論

Thanks for sharing. We've just spent the last hour debugging our website, thinking we had issues. This explains it.

02thoeva

·5 年前·議論

Convertkit is a front-end for Sendgrid, so possibly they use the same format as them?

02thoeva

·5 年前·議論

I'd expect that the name and address will still be stored in their payment processor.

Then the invoice itself (containing your name/address/payment method) will need to be stored by the company in some form for accounting regulations.

02thoeva

·5 年前·議論

The very article we've commented under makes this point, but if you want to see the specific agreement: https://ec.europa.eu/commission/presscorner/detail/en/ip_21_...

02thoeva

·5 年前·議論

There is a draft adequacy agreement between the two which should be signed before the end of June when the transition period ends: https://ec.europa.eu/commission/presscorner/detail/en/ip_21_...

02thoeva

·5 年前·議論

Not quite, the EU and UK have a draft adequacy agreement in place. Should be signed by the time the transition period ends.

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