I am planning to sell my services on Fiverr. www.fiverr.com
I found only 1 topic here on the same subject, but it was created 4 years ago. (Sales/Purchases from online community?)
I would sell web design services. I would not buy anything from my Fiverr balance on the platform.
Here is how withdrawing would look like:
I sell a service → Fiverr processes the payment → I get the funds to my Fiverr balance (in USD) → I withdraw the funds to my Payoneer business account (in GBP).
1, Would I have to include the currency conversion in QF?
2, How should I file it?
Based on the previous post, I would do the same for filing the things on a Fiverr merchant account.
What is not clear is, should I create 2 merchant account for both USD and GBP currencies? This is what I did with PayPal as I had USD, GBP and EUR currencies. I created separate accounts for them.