Interesting I was thinking of setting up in Hong Kong for much the same reason though mainly I expect to receive in USD, Euros, UK£ and AUD.
Any experience with that ? Hong Kong appears to be all kosher with Australia in this regard and taxes and a lot less hassle than trying to sort a US bank account (and I say that as a Canuck). Just wondering if anyone had experience with it. I was looking at HSBC but admittedly have been busy trying to get coding done... =] ciao ! Daryl. On May 23, 2:02 pm, David R <[email protected]> wrote: > I was involved in working on something like this for a business in the > travel industry. They acquired in about 12 currencies, including USD. > We used Citibank Singapore to acquire in everything except NZD and AUD > for which we used local banks. However this was for large amounts of > money (I would guess at least a million per month per currency) so the > level of attention and customisation available might be different. > > Credit charge interchange in the US is a lot higher (maybe 2-3 %) so > if the merchant service fee is looking expensive, that is one reason > (because a big chunk of the money goes back to the issuer of the > cards.) In Australia the Reserve Bank has been regulating the > interchange rates downwards, which is why it's less expensive to > accept credit cards here. > > -- > You received this message because you are subscribed to the Silicon Beach > Australia mailing list. > > Guidelines on discussion:http://tr.im/ujKF > > No lurkers! It is expected that you introduce yourself:http://tr.im/ujMm > > To post to this group, send email to > [email protected] > To unsubscribe from this group, send email to > [email protected] > For more options, visit this group > athttp://groups.google.com/group/silicon-beach-australia?hl=en?hl=en -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Guidelines on discussion: http://tr.im/ujKF No lurkers! It is expected that you introduce yourself: http://tr.im/ujMm To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en
