Charging customers in desired currency - A simple question

Now to my issue:
I am really confused with everything I've read and seen on my account, forums, support etc.
Most of the time I think I got it figured out, but then I find a statement or two here and get confused again.
And I have few simple questions:
Do I have to charge my clients in their own local currency, or can I choose any of the currencies enabled on my account regardless from which country the client is?
Example 1: Client from UK (local GBP), I want him to pay me in EUR!
Example 2: Client from Ireland (local EUR), I want him to pay me in GBP!
Example 3: Client from USA (local USD), I want him to pay me in EUR!
Clients accept, BUT:
* Is this allowed by Payoneer?!!
Cheers & Thanks in advance
Best Answer
-
Assuming we are discussing credit card loads which incur a 3% fee, that fee is being deducted from currency you will be paid. So for instance if the client pays you to your USD account, the 3% will be deducted in USD from the amount that is being sent. You can decide whether you or the client will pay the fee during this process.
When getting paid by your clients, in my opinion there are two things you need to consider:
- The country your client is located it (optional)
- The currency balance you wish to access your earnings in.
Having US, UK or Euro clients pay you in their local currency will ensure that they will not have to endure a currency conversion fee. While it is not something I normally hear, but to some nitpicks it can be an issue.
If I was a freelancer, the currency I wish to access my pay in would be my primary concern. Receiving payments in USD is something that is considered by most because it was one of the most used currencies in the world for online purchases. Accessing your pay in the Euro or GBP is mainly done because of the users close vicinity to the Euro region or if most of your online interactions with your clients are based in Europe.
Payoneer has a dedicated FAQ page for the billing service where you can read more on requesting individual client payments.
As for what is best for you, this is honestly something that should come from other freelancers/sellers in the forum as this is something they live and breath everyday.
Happy and willing to answer general questions.
For any inquiries directly associated to your Payoneer account, please contact Payoneer's Customer Care Support Center.
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