Non USA-based dropshippers, this question is for you as its been ringing in my head for years.
How do you reduce your foreign currency exchange costs?
The situation is, buyer pays via Paypal, i withdraw funds collectively to my bank (Lousy FX by bank), then I pay my suppliers in usd using my local credit card (again, lousy FX). So its double whammy. I lose about 7-12% of my sales revenue because of this.
I tried Payoneer and payoneer debit. Mathematically, its slightly cheaper than paypal by afew cents - credit card. But, i lose out on my credit card points and air miles.
Anyone uses a Payoneer alternative? Most of its competitors that I checked requires a USA ID and address.