[bitfolk] Stripe "Adaptive Pricing" - 4% loading for buyers

Hi, Stripe have been in touch to let us know that they plan to automatically convert us to their "Adaptive Pricing" plan from 18 March. https://support.stripe.com/questions/adaptive-pricing From what I can tell this means they will guess what your local currency is and charge you in that rather than GBP, and you will pay (them) 4% extra for that. The FAQ page above does say that it will be optional at the point of sale: Example: If the mid-market exchange rate is $1 = €1, and a US merchant sells a $100 item to a German customer, the exchange rate applied will include a 4% conversion fee ($1 = €1.04). In this case, the customer will be presented with the option to pay $100 or €104. Regardless of the customer’s currency selection, the merchant will receive $100. (€104 / 1.04), less applicable Stripe processing fees. I do not yet know how that interacts with the majority of our payments, which are automated and you give consent for at the time that the card is added. Perhaps they will ask at that point, or perhaps this will not be applied to such charges. I have to check into that more. But what are your thoughts? I feel like 4% is a bad deal for almost everyone, in that almost everyone who cares about what non-local payments cost them is able to get a card that charges them less than 4% — and in many cases nothing extra. However, perhaps there are people with a worse deal. The option is apparently presented to the buyer, but I still don't like that it's opt out for the buyer also. We can opt out but then no one gets the choice. I worry that those who don't care will not feel anything while those who do care will be disappointed that the bad deal has to be opted out of and may even feel like this is some sort of scam, thinking that BitFolk would get the 4%. If that is the case this would be lose/lose for us and we should opt out. What are your thoughts? Is there actually anyone who ends up paying 4% or more to pay in GBP on their card? Thanks, Andy -- https://bitfolk.com/ -- No-nonsense VPS hosting