Hi, I am from India. I receive payments in USD from my clients and would like to know which is the best currency in which I should have my MB account. From what I have heard or read in other posts that the currency should not be in INR since then there are multiple conversions which happen. I have my account in SBI. So in recent times anyone who has opened MB account or transferred money can help me. What is the best currency in the MB acccount ? What the total charges which are incurred (MB charges + intermediate charges) ? Thanks and Regards.
My default Moneybookers currency is USD, and I'm getting payments in USD so there's no conversion fees in my case.
Hi, Thanks for your reply. So your bank is SBI ? For USD doesnot the moneybookers does USD to EURO and then sends ? Thanks.
i suggest to receive in USD. i'm always preferred USD in my MB and moreover i'm also used SBI hope it helps
Depends on who you are doing business with. USD can be used worldwide while EUR is most for Europeans.
Don't chose INR currency in MB(Skrill) or Netelller to avoid multiple fx conversion fees. You may confirm it from Skrill support. USD would be best option for you. Your Indian bank account(INR currency) has nothing to do with fx fees. These unnecessary fees are due to stupidity of skrill, neteller etc. My experience My neteller account was in INR. I did receive payments in USD. FX fees were charged to convert USD to INR. I withdrew the funds to my Indian bank a/c. Neteller charged me FX fees to convert my INR balance to USD. Then, Neteller deposited the money in USD to my bank a/c. 3rd time fx fees were charges to to convert USD to INR.
I am using my MB account with USD but i don't think there would be any problem if you use any of that