Thoughts on Stripe, PayPal and Other Payment Processing in Dubai/UAE

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InnocuousNomad

Libertarian Extremist
So according to that YouTube guy Offshore Citizen (Michael Rosmer), using Stripe or Paypal in Dubai isn't viable for ecommerce because of the fees from EUR/USD/ETC to AED. However surely if Dubai banks allow you hold a multitude of currencies, and as processors like Stripe or PayPal can be set to process any, surely there wouldn't need to be conversion fees?

By the way I cannot stand this guy, he's one of the worst speakers ever I always have to screw with my volume constantly to understand a damn word he's saying.

But anyway, I got an invitation from Stripe for UAE after it launched recently so just curious on your thoughts, and even if there was a problem with fees then surely putting an EMI between the processor and Bank would virtually eliminate any hurdles?
 
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