[koblas]

Depending on where you're located you should potentially consider a solution that looks more like Payment Processor -> Hold in Currency -> Bulk Fx to Local currency. Typically business level Fx processing is 2% - with 3% for credit card fees.

At scale your Fx fees can be less than 2% of the conversion amount, I know that at scale the fees can get down to <0.2% if you're moving multiple millions (USD) in a month.

I know that both Adyem and Braintree will capture into local currency, so you can avoid Fx fees by the payment processor themselves.

[whichquestion]

Are there any companies arbitraging this % difference by collating lots of different businesses transactions into larger sums to then move into a particular currency for business owners who transact in non local currencies?

[withinboredom]

I’m pretty sure Wise does something like this. Protip, you can get a Wise business account and collect stripe payments in a local currency, then bulk fx it to your local currency.

Why Stripe isn’t partnering with them, I don’t know. My bank partners with Wise to get the best exchange rate possible (Bunq) when I’m out of the EU. It’s fantastic.