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Payment in US Dollars for UK

Trade Associations
Kids and Babies Supplies
From Malaysia
To Turkey
465 views / 0 experts
Nov 06, 2020

I am from UK and I have been asked by a customer in the United States to invoice them in US dollars. Is it OK? What charges will it imply for my business?

1 answer

Leon L.
Nov 06, 2020

This is absolutely OK to do so, as the export declaration to UK customs does allow for this. The only issue from the commercial point of view is the exchange rate as fluctuations can result in reduced profitability.

Also, receiving payments in US Dollars into your bank can carry charges, and this again may affect the profitability of the transaction.

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