Any Romanians here? Got a question.

[vidim]

Hi.

Do you get your deposits into bank accounts or are they sent into Payoneer?

If you have a Euro account in Romania (I know those are available), can you get your transfers straight in Euro, without going via Romanian Lei?

[bruh]

Are you with payoneer or ayden? If the romanian bank account is in euro, then you receive your money in euro

[rsot]

Originally Posted by bruh

Are you with payoneer or ayden? If the romanian bank account is in euro, then you receive your money in euro

Seems logical - euro

[Angelina]

Originally Posted by vidim

Hi.

Do you get your deposits into bank accounts or are they sent into Payoneer?

If you have a Euro account in Romania (I know those are available), can you get your transfers straight in Euro, without going via Romanian Lei?

Romanian eb account runs by adyen so no Payoneer.
Eb money goes to bank acc.
In Romania you can open accounts in Euro, usd, GBP, local money.
You can receive money in any currency and will be converted to your bank acc currency.

[vidim]

Originally Posted by Angelina

In Romania you can open accounts in Euro, usd, GBP, local money.
You can receive money in any currency and will be converted to your bank acc currency.

Thank you. That is what is the problem. Even though all of EU even outside the euro-zone has cheap currency conversions between EUR and local currency, there is still a conversion. That's another percentage lost.

The core of my problem is that I buy my goods in USD and my margins are fairly low. In the old days I kept it all in USD; and bought in USD. Almost all my customers are in the US, and my address is in EU.
So I sell in USD
Get hit with Ebay cross border fee.
Get payout from Ebay Europe in EUR
Automatically converted to RON when transferred into Romania, as far as I know.
Converted at bank level to EUR account
Convert to USD to buy stuff

If I made the payouts to a Romanian currency account, I'd be hit with a worse rate when buying USD again for my goods, since only EUR to USD and vice versa have a preferential rate.

And since the company setup that I am envisioning is a Romanian micro company, I can not even do deductions for all these currency fees. They'd tax me on the gross total in EUR as it comes from Ebay.