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What irked me the most in that post is that dude clearly knew he didn't pay $12 initially but tried to hide this fact. As for forex, at least he's actually fro
by thrdbndndn 4y ago
What irked me the most in that post is that dude clearly knew he didn't pay $12 initially but tried to hide this fact.
As for forex, at least he's actually from Turkey. People around the world have been abusing Turkey currency exchange rate for these online service fees for years (Google and Steam are notable ones, but there are quite a few others like Spotify, Netflix..).
I don't know the technicality about this, but most, if not all, of these non-financial companies seem can only update their exchange rate once in a while (not to mention there is also regional pricing involved). So as soon as some violent exchange rate change happens, there are often days or even months to grab some sweet discounts by simply switching currency.
- threatofrain 4y agoAlso from Emir's own tweets we could see that he's part of the reason why there's any wind to the argument that premium pricing is justified -- he owns several hundred domains.
- nly 4y agoMost companies that don't update their pricing for FX don't do so because their margins are already huge. Domain names are basically a free resource. One would think it would be fairly easy to restrict purchases denominated in Turkish Lira to people who reside within Turkey.
- sattoshi 4y agoI don’t understand why a registrar would want to eat these costs at all. Just use a third party for currency conversions at the customers expense. If you’re big enough to do it yourself, you should do it as well as financial companies. Being a consenting victim of currency arbitrage is weird.