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Charge Canadian dollars or American dollars?

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Dmitri

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Joined
Dec 30, 2012
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User Power: 98%
Hey everyone,

I am setting up a Paypal account for my subscription business. Members will be paying a fixed sum every month until they decide to cancel their membership. While setting up my PayPal merchant account I came across an issue that I didn't think about before and would really appreciate some insight into this.

I live in Canada and use a Canadian bank. Should I set up PayPal to charge in Canadian dollars or American dollars? I am hoping to do business with most English speaking parts of the world, so which one should I set up my account to use? Also how does it work if for example someone from Britain decides to subscribe. Would they simply pay for the service with pounds and it will automatically convert into dollars?

Thanks

Dmitri
 
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Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

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Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today

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