Topic
Dollar Earnings
Receive foreign currency payments safely: domiciliary accounts, global processors, virtual cards, KYC/AML, FX conversion, and fee awareness.
Accounts and Processors
1
- Open a domiciliary account where appropriate and understand documentation requirements.
- Evaluate global processors or marketplaces that pay to verified recipients with clear fee structures.
Compliance
2
- Complete KYC/AML fully and keep documents current. Non‑compliance blocks payouts.
- Understand local regulations for FX receipts and reporting obligations.
Fees and Conversion
3
- Track fees across processors, banks, and currency conversion steps. Optimize routes to minimize loss.
- Use transparent conversion policies and avoid unnecessary conversion hops.
Checklist
Work through these steps in order.
- Set up domiciliary/processor accounts.
- Complete KYC/AML.
- Map fees and conversion steps.
- Follow local FX rules.