banner-img

Learning can be easier with EX - Library.

Explore our newest feature, a reliable informational resource you've been looking for!
Explore
Join |
< Back to questions :: Q&A / Trade Associations / Kids and Babies Supplies

Payment in US Dollars for UK

Trade Associations
Kids and Babies Supplies
From Malaysia
To Turkey
405 views / 0 experts
Rayyan Z.
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.

read more

Search Q&As

Type of expertise

All type of expertise 782
B2B 74
Customs 78
Export 172
Import 71
Other 65
Regulations/Policies 119
SME 27
Services 41
Shipping 93
Trade Associations 42

Top Rated Experts

Raymond Yang
Raymond Y.
Leon Lacroix
Leon L.
Amber Stellingwerf
Amber S.
This website uses cookies. By using this website, you consent to our use of these cookies