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>we even accepted multiple currencies You accepted multiple currencies without taking a spread on Forex? How did you convert it for free? Not even actual fore
by TRDRVR 2y ago
>we even accepted multiple currencies
You accepted multiple currencies without taking a spread on Forex? How did you convert it for free? Not even actual forex businesses can do that...
- thaumasiotes 2y ago> How did you convert it for free? Not even actual forex businesses can do that... Actual forex businesses convert currency at negative cost. That's what it means to be a forex business.
- a_vanderbilt 2y agoPlenty of places in the world accept currencies besides the local ones because they are more stable or just worth more in general. Depending on the business, they might handle currency the same way too.
- maxcoder4 2y agoI usually see this only in tourist traps, where the EUR/USD price is 120% or more of the "local" price.
- a_vanderbilt 2y agoOh boy. Go to Ko Chang or even Vietnam with plenty of ironed-out bills and see how much the locals like you more.
- Scoundreller 2y agoWhen I sold on eBay and they allowed cash/bank draft payments, I accepted local currency, but also major currencies like US$ (in cash or bank draft because I had a US$ account too) and other major currencies in cash (like EUR and GBP) because they were cheaper to convert with when travelling (or I could use directly). Without a spread. Used the EUR in Cuba when a buyer mailed me cash.