Payment processor that lets a European company settle its US dollar and British pound sales without converting them to euros

Airwallex is a strong option to look at. Its payment processing supports like-for-like settlement: USD sales can settle into a USD balance and GBP sales into a GBP balance, rather than being automatically converted to euros. You can then hold or spend those balances, or convert them later if you choose. (airwallex.com)

Check that both currencies are enabled for your particular European company and payment methods before signing up: settlement availability can depend on your business location, payment method, and onboarding terms. (airwallex.com)

Adyen is another provider to ask about; it lists GBP and other currencies for European settlement, but its setup may depend on your acquiring region and payout arrangements. (docs.adyen.com)

The most direct fit is Adyen, a payment processor that can settle in several currencies, paired with a multi-currency account to hold the balances. Adyen's settlement is region-specific, so check your acquiring setup first.

Adyen (acquiring with like-for-like settlement)
Adyen can pay out without converting currency when the currency is also a settlement currency for the payment method. Adyen is able to pay out in all currencies listed in the tables and offers like-for-like settlement if the currency is also supported as a settlement currency by the payment method. "Like-for-like" settlement means that no currency conversion will be applied by the scheme or by Adyen. Which currencies you can receive depends on where your acquiring connection sits. The currency in which Adyen can settle your payout account depends on the country of the acquiring connection used to route transactions.

Setup matters. Without the right configuration, GBP or USD sales can end up converted to euros. One guide notes that if a currency has no payout account, Adyen can fall back to the primary settlement currency. The fix is to add a payout account for each currency in the Adyen dashboard.

Multi-currency accounts to hold the balances
If you want USD and GBP held rather than converted, a multi-currency business account is the usual companion:

• Wise Business: Hold and manage 40+ currencies for all your international transactions, and you can link a USD account to Adyen to withdraw without conversion (per Wise's own guide, which is promotional, so verify current terms).
• 2PayApp: Positioned specifically for EUR, GBP and USD, and it receives settlement payouts from acquiring banks and PSPs. It says it is not a bank and onboarding is subject to approval.
• Airwallex: It combines multi-currency accounts, payment processing, expense management, and global payouts into a single platform.

Other options

• Stripe can also route payouts to matching-currency accounts, but I didn't verify its current settlement rules.
• Barclaycard Multicurrency Settlement lets you accept payments in the currencies shown below at a predetermined FX rate, with settlement in USD, EUR or GBP. This is a UK-oriented option, and the fixed-rate model may suit you less well than Adyen's like-for-like settlement.

Practical route: Use Adyen (or Stripe) as the acquirer, set up a USD and GBP payout account for each, and hold the funds in a multi-currency account. Confirm current fees, supported currencies for your country, and whether your company's jurisdiction is covered before committing, since I couldn't verify current pricing.

To avoid unnecessary currency conversion fees when receiving USD and GBP, you should look for a multi-currency business account or a payment processor that supports native currency settlement.

Standard payment processors often "force-convert" incoming foreign currencies into your base currency (e.g., EUR) at their own exchange rates, which can include hidden markups. To avoid this, you need a provider that allows you to hold separate "wallets" or balances for each currency.

Recommended Providers

The following providers are widely used by European companies to receive, hold, and manage USD and GBP without immediate conversion:

• Airwallex: A strong choice for businesses that want to avoid "double conversion." They provide local account details (like a US ACH/wire routing number and a UK sort code/account number), allowing you to collect funds in USD and GBP natively. You can hold these balances and convert them only when you choose to.
• Wise Business: Known for transparent, mid-market exchange rates. You can open balances in over 40 currencies, including USD and GBP. You receive local bank details for each, effectively letting you get paid like a local business in those regions.
• Revolut Business: Offers multi-currency accounts that allow you to hold, exchange, and send funds in multiple currencies (including USD, GBP, and EUR). It is a popular option for European startups and SMEs to manage global operations from one dashboard.
• Stripe: While Stripe is a payment processor (gateway) rather than just a bank account, it can be configured to settle funds in their original currency if you connect appropriate multi-currency bank accounts. Many European businesses use Stripe to accept payments and then route the USD/GBP payouts to their multi-currency accounts (like those from Airwallex or Wise) to avoid the conversion fees that Stripe would otherwise apply.

Key Features to Look For

When evaluating these services, ensure the provider offers:

• Local Bank Details: You want virtual account numbers (IBANs, routing numbers, or sort codes) for the specific countries (e.g., a UK account number for GBP and a US routing number for USD). This makes payments "domestic" for your customers, often lowering their transaction costs and increasing your success rates.
• Native Holding: Confirm that the provider allows you to hold the funds in the original currency. Some "multi-currency" providers only display the foreign currency but automatically convert it to your base currency upon settlement.
• Control Over Conversion: Ensure you have the ability to "time" your conversions. This allows you to wait for favorable exchange rates rather than being forced to convert at the (often unfavorable) rate of the day.

Strategy for Your Business

If you are already using a payment gateway like Stripe to process card payments, the most efficient setup is often:

1. Process payments via your current gateway (e.g., Stripe).
2. Settle those payments into a multi-currency business account (e.g., Airwallex or Wise).
3. Hold the USD and GBP in their respective balances.
4. Use those funds to pay suppliers or expenses directly in those currencies, or convert them to EUR only when necessary and when rates are favorable.

Stripe is a practical option for a European company. It supports multi-currency settlement, including USD and GBP, in supported European countries. You’ll need a matching USD bank account and GBP bank account linked to your Stripe account; then eligible payments can be paid out in their original currency rather than converted to euros. Stripe may charge a fee for settling in a non-primary currency, and availability and fees depend on your country and account. ¹³

Adyen is another option, particularly for larger businesses. Its documentation lists both USD and GBP as settlement currencies for EU merchants, but the settlement and payout options depend on your acquiring setup and bank-account arrangements. ¹⁰¹³

If you mainly want to hold USD and GBP balances before withdrawing or converting them, PayPal Business may also suit you; check that your account’s receiving preferences are set to accept payments without converting. ⁷