Comments on: Benefiting from the Weaker Dollar http://www.2checkout.com/community/blog/newest/benefiting-from-the-weaker-dollar/ merchant account / credit card processing alternative Wed, 07 Jan 2009 22:32:43 +0000 http://wordpress.org/?v=2.3.1 By: peglomaniac http://www.2checkout.com/community/blog/newest/benefiting-from-the-weaker-dollar/#comment-458 peglomaniac Sat, 15 Dec 2007 03:29:13 +0000 http://www.2checkout.com/community/blog/newest/benefiting-from-the-weaker-dollar/#comment-458 Hello, I am in Canada, and despite the fact behind this comment, I continue to be charged a lower rate when making payments, through different e-commerce checkouts including this one. I made a purchase today for 11.65 USD, but was charged 12.06 CAD. The current conversion should have made it 11.45 CAD. So while the banks are surely making a tidy sum off this new and improved (for Canadians) exchange rate, e-commerce shoppers are getting ripped. This is the fourth time since November I have paid a higher dollar value, but it should have been lower than the USD dollar. What gives? Who can I take this to? I'd like that half a percent or whatever it is that all the Canadian e-commerce shoppers are losing in my bank account!! comments? Hello,
I am in Canada, and despite the fact behind this comment, I continue to be charged a lower rate when making payments, through different e-commerce checkouts including this one. I made a purchase today for 11.65 USD, but was charged 12.06 CAD. The current conversion should have made it 11.45 CAD. So while the banks are surely making a tidy sum off this new and improved (for Canadians) exchange rate, e-commerce shoppers are getting ripped.

This is the fourth time since November I have paid a higher dollar value, but it should have been lower than the USD dollar.

What gives? Who can I take this to? I’d like that half a percent or whatever it is that all the Canadian e-commerce shoppers are losing in my bank account!!

comments?

]]> By: sensovision http://www.2checkout.com/community/blog/newest/benefiting-from-the-weaker-dollar/#comment-391 sensovision Thu, 08 Nov 2007 22:15:19 +0000 http://www.2checkout.com/community/blog/newest/benefiting-from-the-weaker-dollar/#comment-391 Good points, Michael! It would good if shop owners consider working internationally it would enlarge the market and possibilities of online shops. I actually would be one of those who benefit from this as when I need to buy something especially if it comes for electronic or photo hardware I've always got a problem to find a shop which ships to my country or shipping prices aren't close or higher of item's price :) Although your method isn't applicable for everyone. Some business is only US oriented including mine, I would be glad to switch to Euro years ago but unfortunately most of my customers are coming from US and I know that for some prices in Euro could be confusing which may lead to loosing customer... For those who consider switching prices to other currencies but still target US and Europe I would advice to put information of currency rates so person could estimate the price in native currency not leaving the site. Good points, Michael! It would good if shop owners consider working internationally it would enlarge the market and possibilities of online shops.

I actually would be one of those who benefit from this as when I need to buy something especially if it comes for electronic or photo hardware I’ve always got a problem to find a shop which ships to my country or shipping prices aren’t close or higher of item’s price :)

Although your method isn’t applicable for everyone. Some business is only US oriented including mine, I would be glad to switch to Euro years ago but unfortunately most of my customers are coming from US and I know that for some prices in Euro could be confusing which may lead to loosing customer…

For those who consider switching prices to other currencies but still target US and Europe I would advice to put information of currency rates so person could estimate the price in native currency not leaving the site.

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