How to choose a settlement currency?

It's best to determine how many currency conversions you can expect and choose the settlement currency to minimize them, this way you will avoid unnecessary costs.

For example, if you expect that most of your payments will be in pounds sterling, it will probably be quite reasonable to set up a merchant account in GBP. It may be also be good to open a company account in GBP as well - this way you'll not only minimize currency conversions during purchases, but also avoid them during the payout.

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