Jul 29
Native EUR Payouts to Prevent Double FX Fees for European Creators
I really appreciate the platform and the fact that buyers can browse and purchase gifts in Euros (EUR). However, I am suggesting to highlight a major inefficiency in the current payout structure that negatively impacts creators in the Eurozone.Even though my wishlist on this case, the prices are displayed and paid for in Euros, but the funds are converted and held in US Dollars (USD). When I withdraw my earnings to my European bank account, the money undergoes a second currency conversion back into Euros.This double conversion process results in substantial losses due to exchange rate markups and duplicate transaction feesAs European creators, losing a significant percentage of our income purely to redundant foreign exchange mechanisms is extremely frustrating. Being able to hold and withdraw balances directly in Euros (EUR) without an intermediary USD conversion would make a massive difference in our day-to-day operations.Throne is a wonderful tool, but as competing platforms expand their localized payment features in Europe, retaining native EUR balances will be crucial for keeping European creators on the platform and besides that a faster Withdraw.It would optimize the creator experience immensely and reinforce Throne as the top choice for international talent.Thank you. I look forward to hearing you all thoughts on whether this feature is on your roadmap.
Reviewing