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Sorry.. I'm not sure what you mean by 'exchange risk'. To your question though.. no I cant bill directly in USD. I am very new (and ignorant) to receiving onli
by skyhook_mockups 14y ago
Sorry.. I'm not sure what you mean by 'exchange risk'.
To your question though.. no I cant bill directly in USD. I am very new (and ignorant) to receiving online payments, so I'm really curious what the issues for Americans are. The on-line currency converters are accurate to (I would guess) +- 1hour currency fluctuations so would give a very accurate estimate (to within cents) of the cost of a transaction... Wouldn't this be good enough?
Otherwise if this is an issue then paypal should do the job... 2 mins to set up and gives an alternative option.
Would be good to hear your own personal experiences.
- inopinatus 14y agoNo, not good enough. Each bank chooses different exchange rates. Using a converter gives you a spot price from one institution. There's no telling what the customer will actually be billed. Indeed there's no certainty that the transaction will even be journalled that day. Moreover, they'll be slugged for an "overseas transaction fee". Finally, it means you're unable to use any kind of collateral that quotes a price, because you can't guarantee it. It's a marketing disaster, in fact, and would look completely amateurish. Paypal is never Plan A.
- skyhook_mockups 14y agoThanks for your insight. I guess as an Aussie I'm used to seeing a slightly different amount (usually within $1) of the quoted USD for a transaction... however maybe US users are different. In any event, I think given that my own business is only just launching I'll have to go the less than pro route of offering paypal along with direct payment (in AUD) and hopefully that will garner me enough business to start looking into direct USD transactions.