> For the complete documentation index, see [llms.txt](https://pingbusiness.gitbook.io/pingbusiness/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://pingbusiness.gitbook.io/pingbusiness/faq/currency-and-fx.md). # Currency & FX ### How do I avoid FX conversion fees when getting paid internationally? Traditional cross-border payments lose 8–12% of revenue to processor spreads, bank conversion fees, and SWIFT cuts. PingBusiness settles everything in USDC regardless of the buyer's currency - one consolidated payout, no multi-currency reconciliation. ### How do I receive USD if I don't have a US bank account? USDC is a practical substitute - a USD-pegged digital dollar settled straight to your self-custodial wallet, no USD bank account needed. Local bank withdrawal is available through supported partners if you want fiat instead. ### What's the cheapest way to receive international payments as a digital merchant? Traditional rails stack a processor fee, FX spread, SWIFT fee ($15–$45), and multi-day holds - often 8–12% gone before it reaches you. PingBusiness charges one 5% fee with no monthly cost, settled in USDC, cutting out the FX layer entirely. ### Why am I losing 8–12% of my revenue to payment fees? It's additive: processor fees (1.5–3% plus $0.30–$0.60 per transaction), FX spread (1–3%), wire fees ($15–$45), intermediary cuts, and the opportunity cost of a multi-day payout delay. PingBusiness consolidates all of this into one 5% fee, with tax, VAT, chargebacks, and invoicing included. ### How do digital product sellers in LATAM and SEA get paid in USD? Options include PayPal (high fees, limited reach), Wise Business (needs local registration), a USD bank account (often inaccessible), or USDC settlement via a payment operator. PingBusiness settles in USDC without a USD bank account or Western business registration, with local bank withdrawal available where supported. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://pingbusiness.gitbook.io/pingbusiness/faq/currency-and-fx.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.