How to set up a USD payment gateway for an EU-based company?

Payments + Shipping & Fulfilment

Topic summary

A Portugal-based EU company is setting up USD payment processing for a new US shop and encountering currency transfer challenges.

PayPal Issue:

  • Successfully receiving USD payments but PayPal refuses to transfer USD to their Portuguese USD bank account
  • Currently forced to convert to EUR during transfer

Stripe Issue:

  • Stripe requires a US-based USD bank account, which is difficult for EU companies to obtain

Recommended Solutions:

  1. Wise (formerly TransferWise) - Most popular suggestion

    • Provides multi-currency business accounts supporting 50+ currencies
    • Offers US account details that Stripe accepts
    • The original poster confirmed this solution works perfectly

  2. Silkpay - Alternative payment provider

    • Paris-based company with US business coverage
    • May offer tailored solutions for EU companies

  3. Stripe Multi-Currency Settlement

    • Allows receiving EUR payouts to Portuguese EUR account and USD payouts to Portuguese USD account
    • Works with existing Portugal-based Stripe accounts

Resolution: The Wise solution was successfully implemented and resolved the issue.

Summarized with AI on November 2. AI used: claude-sonnet-4-5-20250929.
1

Hello

We are Portugal (EU) based and we are launching a new shop in USA in USD.

PAYPAL

  • Paypal is connected and is working pretty well. We catch the payments in USD in our Paypal account and transfer the USD to our EU bank account in Portugal in EUR.
  • We also own a USD bank account in Portugal BUT Paypal refuse to transfert USD to our USD bank account in Portugal.
  • Any solution ?

STRIPE

  • Stripe wants we open a USD bank account in USA that is pretty hard to do when you are an EU company.
  • Any solution to easily open an US bank account ?
  • Any solution with another payment gateway ?

Thanks for your help

6 Likes
2

Hi there,
Jack from OpenThinking here!

The easies way would be to open a TransferWise account. You can hold, receive, send, and spend money using a Wise multi-currency account. You can hold more than 50 currencies, and convert between them at the real exchange rate whenever you need. You can get account details for some currencies to receive money from around the world.

Open a TranswerWise business account and they will provide you with a USD account where you can receive payments in USD, give this account coordinates to Stripe and you’re good to go.

let me know if this works for your. If yes; accept my answer and give me thumbs up! Thank you.

1 Like
3

Thank you Jack

I will explore this solution on the transferwise side then asl to stripe if they accept a transferwise account and will let you know.

4

Hi,

I don’t know if my answer is helpful to you, but I want to try my best to help you solve some problems about payment gateways.

I have cooperated with a payment company called Silkpay before. They will provide you with corresponding services according to your needs. This company located in Paris, France, and covers business in the United States. I think they may have encountered the situation you are facing.

You can visite their website silkpay.eu or contact them to ask contact@silkpay.fr.

Regards,

5

I did it and it works perfectly… Thanks

6

If you have a Stripe account that solution works regardless your store’s location-country, and supports multi currency and many payment methods supported by your Stripe account >> https://lnkd.in/diJN5YcB

With multi-currency settlement, you can configure your account to accrue balances and get paid out in additional currencies.

For example: With this solution and your Portugal Stripe account, you can receive EUR payouts to your Portugal EUR bank account and USD payouts to your Portugal USD bank account.

5 Likes