3 ms·
I get screwed on currency conversion, and then get screwed on being screwed on currency conversion. If you can convert the price, I'll be more likely to purcha
by danudey 15y ago
I get screwed on currency conversion, and then get screwed on being screwed on currency conversion.
If you can convert the price, I'll be more likely to purchase; don't charge me €10, charge me $15. You'll get more money (so you can afford slightly higher conversion rates), and I'll be less likely to make the purchase.
One point of note: I'm Canadian, not American, and so even if I'm paying in USD (and our dollar has been roughly at par with the US dollar for quite a while), I'll look at the Euro symbol and pause to consider the purchase, because I'll have to do the math in my head. If it's in USD, I still get screwed on conversion, but because it's the same currency symbol I see every day, there's no mental adjustment and so I impulse buy much more often.
I suspect this might also be true for people in other (non-Euro, non-dollar) countries, who are used to the conversion rates when paying for US goods and services; being used to the conversion rate to the point where you can do it automatically means less of a barrier between seeing the price and making the decision, leading (I would assume) to higher conversion rates.