In my small business, most of my revenue and expenses happen in USD.
Currently, the cash flows from Revenue (USD) -> Local Bank Account (MYR) -> Expense (USD)
I'm losing like 5% from currency conversion and credit card transaction fees.
So I'm thinking to hold the revenue in USD and use that as working capital:-
Revenue (USD) -> X (USD) -> Expenses (USD)
PayPal won't work I think, because not everyone accepts it and the fees are quite steep.
Anyone has any experience in this area?
Keep Business Working Capital in USD?