Unfortunately that doesn't work, as Stripe will only pay USD to a US account for some reason.
Instead I set up a Transferwise Borderless account which has no monthly fee but a small (0.5%?) fee when you convert currencies. This is based in the US and has the ACH number and routing codes you need for Stripe. It works well for receiving funds but feels less like a complete bank alternative.
One issue I've noticed with both is that while I now have the freedom to choose when to exchange from USD<>GBP and potentially could benefit from better exchange rates, it means I get distracted by exchange rates and Brexit news trying to time my transfers for a better rate. This sometimes messes with my productivity, as I tend to hoard usd until I need GBP and then get anxious about whether I should change now or later...
Oh... that's strange. The payout doc (stripe.com/docs/payouts#suppo…) seem to indicate that it is possible to transfer proceeds to any bank that's a in country where Stripe operate (see attachment).
The reason i'm asking is because the same doc says:
Supported bank account types
A standard bank account with a financial institution must be provided (e.g., checking). Other types of bank accounts (e.g., savings) or those with a virtual bank account provider (e.g., e-wallet or cross-border services) are not supported.
I'm wondering which category Revolut falls into ...🤔
You can transfer to any of those countries, but in most cases you can only receive in the relevant currency of that country. EG Switzerland can receive CHF, UK can receive EUR and GBP etc.
So to choose USD you have to choose 'United States' as the country - there's no option for Denmark where Revolut bank. Which means you need a US account number not IBAN, which fortunately Transferwise provide - here's a screenshot of the screen on stripe
Unfortunately that doesn't work, as Stripe will only pay USD to a US account for some reason.
Instead I set up a Transferwise Borderless account which has no monthly fee but a small (0.5%?) fee when you convert currencies. This is based in the US and has the ACH number and routing codes you need for Stripe. It works well for receiving funds but feels less like a complete bank alternative.
One issue I've noticed with both is that while I now have the freedom to choose when to exchange from USD<>GBP and potentially could benefit from better exchange rates, it means I get distracted by exchange rates and Brexit news trying to time my transfers for a better rate. This sometimes messes with my productivity, as I tend to hoard usd until I need GBP and then get anxious about whether I should change now or later...
Oh... that's strange. The payout doc (stripe.com/docs/payouts#suppo…) seem to indicate that it is possible to transfer proceeds to any bank that's a in country where Stripe operate (see attachment).
The reason i'm asking is because the same doc says:
I'm wondering which category Revolut falls into ...🤔
You can transfer to any of those countries, but in most cases you can only receive in the relevant currency of that country. EG Switzerland can receive CHF, UK can receive EUR and GBP etc.
So to choose USD you have to choose 'United States' as the country - there's no option for Denmark where Revolut bank. Which means you need a US account number not IBAN, which fortunately Transferwise provide - here's a screenshot of the screen on stripe