BrickLink Discussion Forum

In Currency, SylvainLS writes:

In Currency, Nubs_Select writes:

I might be wrong but you may need a seller account to change that currency tho
if I'm wrong someone will correct me

AFAIK, you’re right… and that’s scary

Author:

kittybrickz

Posted:

Dec 28, 2023 19:24

Subject:

Re: Part out value

Viewed:

36 times

Topic:

I live in Canada and if I'm not signed into my seller account then part out
price shows in USD. It changes when I log in to CAD. It's not much help but
seems to follow what everyone is saying.

Author:

SylvainLS

Posted:

Dec 28, 2023 18:52

Subject:

Re: Part out value

Viewed:

56 times

Topic:

In Currency, Nubs_Select writes:

I might be wrong but you may need a seller account to change that currency tho
if I'm wrong someone will correct me

AFAIK, you’re right… and that’s scary

Author:

Nubs_Select

Posted:

Dec 28, 2023 18:47

Subject:

Re: Part out value

Viewed:

49 times

Topic:

I might be wrong but you may need a seller account to change that currency tho
if I'm wrong someone will correct me

Author:

Cyberstyle

Posted:

Dec 28, 2023 18:39

Subject:

Part out value

Viewed:

156 times

Topic:

Hi
Is there a way to change the currency for the part out value under price guide?
Probably not, but I'm asking because I get SEK everywhere else but always
USD under Part out value.
It's a bit annoying to have to convert it, especially since it's in SEK
on Rebrickable. They differ wildly in value though, so I'm not entirely sure
which is right. same with Brickstore.

Author:

Stellar

Posted:

Jun 21, 2023 05:42

Subject:

Re: Display in US dollar

Viewed:

56 times

Topic:

In Currency, Goofball814 writes:

Under My BL, it shows all my purchases in the currency of the selling country
(ie, when I purchase from China, it shows everything in CYN, or purchases from
Europe show in Euro). Is there a way to have them display in US dollar?

As far as I know you can't choose to view a different currency than the one
used to make the order at checkout.

Author:

Goofball814

Posted:

Jun 20, 2023 23:10

Subject:

Display in US dollar

Viewed:

85 times

Topic:

Author:

tommycarstensen

Posted:

Mar 20, 2023 17:48

Subject:

Re: Price guide currency?

Viewed:

50 times

Topic:

In Currency, Turez writes:

In Currency, tommycarstensen writes:

How does one change the price guide currency? I've tried changing my country.
I don't see a currency option under price guide settings. I see the prices
in GBP. I would like to see them in DKK or EUR instead.

https://www.bricklink.com/priceGuideSettings.asp?viewFrom=P

According to
https://www.bricklink.com/help.asp?helpID=436
for sellers the price guide currency is the same as the store currency. So you
you would have to change your store currency here:
https://www.bricklink.com/v2/mystore/management.page

Of course! That's the solution Turez! Thanks so much guys! This has bothered
me for years, after I left the UK after Brexit.

Author:

Turez

Posted:

Mar 18, 2023 06:21

Subject:

Re: Price guide currency?

Viewed:

34 times

Topic:

In Currency, tommycarstensen writes:

Author:

Brickwilbo

Posted:

Mar 17, 2023 16:47

Subject:

Re: Price guide currency?

Viewed:

34 times

Topic:

https://www.bricklink.com/wantedSettings.asp?viewFrom=P

In Currency, Brickwilbo writes:

In Currency, tommycarstensen writes:

Author:

Brickwilbo

Posted:

Mar 17, 2023 16:45

Subject:

Re: Price guide currency?

Viewed:

39 times

Topic:

https://www.bricklink.com/wantedSettings.asp?viewFrom=P

In Currency, tommycarstensen writes:

Author:

tommycarstensen

Posted:

Mar 17, 2023 16:17

Subject:

Price guide currency?

Viewed:

93 times

Topic:

Author:

1001bricks

Posted:

Mar 10, 2023 10:33

Subject:

Re: Fixed (unfavorable) exchange rates !?!

Viewed:

55 times

Topic:

I hope you are serious, because it would be extremely weak for being a joke!

Yes, of course here I'm serious.

Do you really think that rates would be variable and matching in 33 cases, and
then FIXED by magic since 10th of January, IN EVERY SINGLE CASE?

I can't see anything with this resolution; post pics on Imgur for instance.

I guess you opened a ticket; then I don't see much you can do more here,
sorry.

Author:

rankster

Posted:

Mar 10, 2023 04:40

Subject:

Re: 2 paypal accounts; 1 for USD, 1 for Euro?

Viewed:

48 times

Topic:

In Currency, pcthurman writes:

In order to withdraw or transfer
those currencies, I have to convert them into USD before transferring to my own
bank account.

That way you lose a lot due to PP's awful exchange rate. Isn't there
an option for US accounts to transfer other currencies than USD to bank accounts?

Author:

yorbrick

Posted:

Mar 10, 2023 04:38

Subject:

Re: 2 paypal accounts; 1 for USD, 1 for Euro?

Viewed:

27 times

Topic:

In Currency, Yellow.Brick writes:

In Currency, yorbrick writes:

In Currency, Yellow.Brick writes:

I live in the US but I also have a bank account in an EU country where I transfer
USD when it gets close to parity with the Euro. I spend 1-2 months in europe
every year so this has helped hedge against currency exchange rates. So I've
already jumped through all those hoops in order to have banking accounts as a
non-citizen.

So...

is it at all possible to have two paypal accounts linked to my store where people
paying in USD would route through my US account and people in the EU would route
through a European account?

Can't you just open a Euro wallet within your PayPal account? My account
can accept GBP, Euro and USD and each goes to a different wallet.

I'd have to look in to it. The primary goal is to not have to worry about
any transaction/wire/conversion fees. It's a teensy portion of bricklink
sales but every bit helps to avoid conversion fees.

It used to be that you could have multiple wallets and link each to a different
account in different countries. My Euro wallet used to be linked to a Dutch bank
account. But that was pre-2016 and things could well have changed if you want
to transfer money out. You can still use different currency wallets to collect
and spend via PayPal but withdrawing might be different now.

Author:

pcthurman

Posted:

Mar 10, 2023 04:36

Subject:

Re: 2 paypal accounts; 1 for USD, 1 for Euro?

Viewed:

35 times

Topic:

In Currency, Yellow.Brick writes:

If you have a business PayPal account, you can except other currencies without
problem and use those currencies without problems. In order to withdraw or transfer
those currencies, I have to convert them into USD before transferring to my own
bank account. That might be my bank though. I am not clear on this point.

Cass T

Author:

rankster

Posted:

Mar 10, 2023 04:31

Subject:

Re: Fixed (unfavorable) exchange rates !?!

Viewed:

42 times

Topic:

In Currency, MOCbase writes:

Re forum thread https://www.bricklink.com/message.asp?ID=1373481

It seems to be fixed by now but an explanation by BL/TLG would be nice since
sellers accepting foreign currencies lost up to 10% or even more during this
period due to this bug.

Author:

rankster

Posted:

Mar 10, 2023 03:56

Subject:

Re: XE.COM

Viewed:

53 times

Topic:

In Currency, MOCbase writes:

Exactly!
This is absurd and outrageous as well.

I'm about to open my thread with the details, but in short, I've lost
more than 50 Euros in the last month, regardless the foreign currency!
They basically fixed the EUR-HUF and USD-HUF rates @ ~396,90 on 10-01-2023!
Look no further than column "F"...

"rankster" is correct - before some of you might tell me/us again - this
has nothing to do with PayPal, nor with VAT. My VAT status has unchanged, and
I also exempt from VAT.

How can we get the money back we lost?
I hope we can get our money back in some form or way, maybe in BrickLink fee
credit.

And I'm a small business.
Imagine the same issue laying around for months, for hundreds (if not thousands)
of related stores, with an inventory and order rate 10-100x bigger than mine.
How big $$$ pile is that ?!?

I do really truly hope that this is "just" a bug, and not some kind of
shady practice by LEGO/BrickLink!

Waiting for this to be resolved ASAP!

That's what I was talking about, thanks for the confirmation! Anyway it seems
to be fixed now, isn't it? I took the picture from your store, according
to it 1 EUR now equals to 383,22 HUF which is almost correct. Both xe.com and
Google now shows 1 EUR = 383,47 HUF.

Author:

rankster

Posted:

Mar 10, 2023 03:42

Subject:

Re: 2 paypal accounts; 1 for USD, 1 for Euro?

Viewed:

46 times

Topic:

In Currency, Yellow.Brick writes:

I know PP restricts accounts based in some countries to withdraw in their local
currency only. You should check first if your US based PP account allows withdrawing
EUR or USD only. If so you can create a Wise account and withdraw EUR there.

Author:

Ziegelmeister

Posted:

Mar 10, 2023 03:33

Subject:

Re: 2 paypal accounts; 1 for USD, 1 for Euro?

Viewed:

35 times

Topic:

In Currency, yorbrick writes:

In Currency, Yellow.Brick writes:

Can't you just open a Euro wallet within your PayPal account? My account
can accept GBP, Euro and USD and each goes to a different wallet.

I'd have to look in to it. The primary goal is to not have to worry about
any transaction/wire/conversion fees. It's a teensy portion of bricklink
sales but every bit helps to avoid conversion fees.

Author:

yorbrick

Posted:

Mar 10, 2023 03:15

Subject:

Re: 2 paypal accounts; 1 for USD, 1 for Euro?

Viewed:

33 times

Topic:

In Currency, Yellow.Brick writes:

Can't you just open a Euro wallet within your PayPal account? My account
can accept GBP, Euro and USD and each goes to a different wallet.

Author:

MOCbase

Posted:

Mar 10, 2023 02:59

Subject:

Re: Fixed (unfavorable) exchange rates !?!

Viewed:

40 times

Topic:

In Currency, 1001bricks writes:

In Currency, MOCbase writes:

Re forum thread https://www.bricklink.com/message.asp?ID=1373481

Stupid question, but did you compare xe.com at approx the same moment of the
payment, not a few hours later or the next day?

I'm not sure about this, but I think BrickLink was having an exchange rate
refresh every hour, then recently it's once per day, and I guess "EST
day", which makes it even more complicated.

I hope you are serious, because it would be extremely weak for being a joke!

I compared the order dates with the historical XE charts inspecting the given
date. It would be basically impossible to track the rate exactly at the payment,
but since I am very quickly send out my invoices, and receive the payments quickly
as well, it is irrelevant.

Additionally, rates haven't been fixed until the 10th of January. On that
day, something has happened...

In line 26 you can see the "..."s, there are like 30 perfectly matched
(BL to XE) records there, and below line 31 as well. I've checked at least
50 separate orders manually.

Do you really think that rates would be variable and matching in 33 cases, and
then FIXED by magic since 10th of January, IN EVERY SINGLE CASE?

See the A, F and G columns, and compare the diff% in column I!

Are you kidding me? 0.00% diff until the 9th of January, and since the
10th of January, 1-18% diff?

There are 3 instances between 10-Jan and 18-Jan, these are fine, but just because
of the fact that the EUR to HUF rate was exactly @ ~396,90 at that time on XE.com
also.

Author:

1001bricks

Posted:

Mar 9, 2023 19:39

Subject:

Re: Fixed (unfavorable) exchange rates !?!

Viewed:

49 times

Topic:

In Currency, MOCbase writes:

Re forum thread https://www.bricklink.com/message.asp?ID=1373481

Author:

MOCbase

Posted:

Mar 9, 2023 18:25

Subject:

Fixed (unfavorable) exchange rates !?!

Viewed:

122 times

Topic:

Re forum thread https://www.bricklink.com/message.asp?ID=1373481

I've also lost more than 50 Euros in the last months, regardless the foreign
currency!

The exchange rate was fine until the end of 2022.
Apparently LEGO/BrickLink set it to a fixed higher rate since then, and - due
to the strengthening of my currency - I've lost ~1-5% per order in every
case, when the Customer paid in a foreign currency (USD & EUR, in my case). Not
counting with the robbery over at PayPal - but that's another story.
They basically fixed the EUR-HUF and USD-HUF rates @ ~396,90 on 10-01-2023!
Look no further than column "F"...

Again, user "rankster" is correct (https://www.bricklink.com/message.asp?ID=1397761)
- before some of you might tell me/us again - this has nothing to do with PayPal,
nor with VAT. My VAT status has unchanged, and I also exempt from VAT.

I've made a quick summary, I obviously validated this randomly with selecting
orders from the middle of the batch (with 2-3 months old, or older orders) as
well.
Find my history attached, along with the BrickLink and PayPal proofs of my latest
"gem", where I've lost EUR 18.22 !!!

I lost EUR 45.58 and USD 4.95 total in the last months, due to this exchange
rate difference.

So, dear BrickLink, what happened with exchange rates on Jan 10, 2023?

I even validated the issue with the orders I had and gave negative feedback on
- since these are permanently remain in the list, therefore I could find orders
even back from 2020 to validate my point with.
After watching the picture attached, stop telling us that it is a VAT/PayPal/whatever
issue! This is related to BrickLink exclusively.

If my friend didn't tell me, I might've missed it completely, and who
knows how much more money I would've lost.
I wanted to opt in foreign currencies since I started my business on BL, because
it is better for my customers, and I'd also receive some amount in foreign
currencies to my PayPal account also, to spend.
But now, I obviously had to disable all foreign currencies for the time being,
while this "bug" do exist.

This is outrageous, how can we get the money back we lost?
I hope we can get our money back in some form or way, maybe in BrickLink fee
credit.

And I'm a small business.
Imagine the same issue laying around for months, for hundreds (if not thousands)
of related stores, with an inventory and order rate 10-100x bigger than mine.
How big $$$ pile is that ?!?

I do really truly hope that this is "just" a bug, and not some kind of
shady practice by LEGO/BrickLink!

Waiting for this to be resolved ASAP!

Author:

SylvainLS

Posted:

Mar 9, 2023 17:49

Subject:

Re: 2 paypal accounts; 1 for USD, 1 for Euro?

Viewed:

38 times

Topic:

In Currency, Yellow.Brick writes:

[…]

It doesn’t seem like you can link two PayPal accounts for PayPal Onsite (“PP
for marketplaces”), which you’ll need both for your US and EU buyers.

I figured but secretly hoped maybe someone knew of a trick. The problem of course
would also be cross referencing shipping costs and how to jump that hurdle.

Eh, can’t you link two bank accounts in one PayPal account?

Author:

Ziegelmeister

Posted:

Mar 9, 2023 17:44

Subject:

Re: 2 paypal accounts; 1 for USD, 1 for Euro?

Viewed:

35 times

Topic:

In Currency, SylvainLS writes:

In Currency, Yellow.Brick writes:

It doesn’t seem like you can link two PayPal accounts for PayPal Onsite (“PP
for marketplaces”), which you’ll need both for your US and EU buyers.

I figured but secretly hoped maybe someone knew of a trick. The problem of course
would also be cross referencing shipping costs and how to jump that hurdle.

Author:

MOCbase

Posted:

Mar 9, 2023 17:40

Subject:

Re: XE.COM

Viewed:

36 times

Topic:

In Currency, Krekeltje62 writes:

Hi

Why is Bricklink charging me with a rate of 1EUR = 0.9289 USD

XE.COM says it's 1 EUR = 0.996012 USD

The difference is absurd !

Waiting for this to be resolved ASAP!

Author:

SylvainLS

Posted:

Mar 9, 2023 17:36

Subject:

Re: 2 paypal accounts; 1 for USD, 1 for Euro?

Viewed:

34 times

Topic:

In Currency, Yellow.Brick writes:

It doesn’t seem like you can link two PayPal accounts for PayPal Onsite (“PP
for marketplaces”), which you’ll need both for your US and EU buyers.

Author:

Ziegelmeister

Posted:

Mar 9, 2023 17:32

Subject:

2 paypal accounts; 1 for USD, 1 for Euro?

Viewed:

101 times

Topic:

Author:

rankster

Posted:

Mar 8, 2023 15:46

Subject:

Re: XE.COM

Viewed:

33 times

Topic:

In Currency, SylvainLS writes:

Indeed, “VAT does not apply” is for all EU. So no VAT removed, no VAT added,
their prices should be the same for all EU.

That's why I'm confused, it has nothing to do with VAT settings. Sellers
accepting other currencies than theirs are losing on it and not just because
of PP's awful exchange rate. The exchange rates used are also off.

Author:

SylvainLS

Posted:

Mar 8, 2023 15:33

Subject:

Re: XE.COM

Viewed:

31 times

Topic:

In Currency, yorbrick writes:

[…]

They don’t have a VAT number in their terms or banner, so they don’t seem be
registered (or they didn’t tell BL / don’t use the VAT mechanism), so “VAT does
not apply.”
So there’s no VAT to remove before adding UK import VAT for you.

That would also suggest no VAT removal before Austrian VAT is added too, doesn't
it? So not as simple as VAT1/VAT2 ratios.

Indeed, “VAT does not apply” is for all EU. So no VAT removed, no VAT added,
their prices should be the same for all EU.

Author:

yorbrick

Posted:

Mar 8, 2023 14:58

Subject:

Re: XE.COM

Viewed:

25 times

Topic:

In Currency, SylvainLS writes:

In Currency, yorbrick writes:

[…]
I cannot even tell what I'd be charged in that store. I am being charged
a very specific amount for VAT on top of an amount that is to be determined,
as they don't use instant checkout to give postage costs.

1013.90 HUF for VAT on top of 420 HUF in parts plus some hidden estimate for
postage.

So I cannot tell whether I am being charged 20% VAT on top of their VAT ex or
inc rate.

That would also suggest no VAT removal before Austrian VAT is added too, doesn't
it? So not as simple as VAT1/VAT2 ratios.

Author:

SylvainLS

Posted:

Mar 8, 2023 14:19

Subject:

Re: XE.COM

Viewed:

26 times

Topic:

In Currency, yorbrick writes:

Author:

yorbrick

Posted:

Mar 8, 2023 14:03

Subject:

Re: XE.COM

Viewed:

28 times

Topic:

In Currency, wildchicken13 writes:

In Currency, yorbrick writes:

It seems too much of a coincidence that the difference in prices is the exact
ratio of the VAT rates, 1.27/1.20.

But it is not exact, no?

1.85 / 1.76 = 1.05113636 (approximately)
1.27 / 1.20 = 1.05833333 (approximately)

So it's close, but not exact.

The 2 decimal places numbers (1.85 and (1.76) will have been rounded.

It depends what rounding has been done on the 1.85 and 1.76. I don't know
if these are rounded to nearest cent or always rounded up or down.

Author:

yorbrick

Posted:

Mar 8, 2023 13:56

Subject:

Re: XE.COM

Viewed:

30 times

Topic:

In Currency, rankster writes:

In Currency, SylvainLS writes:

We’d need someone who hasn’t a 20% VAT (and know which seller it is) to test
if the price in € changes with the buyer’s VAT rate.

The store I checked is: https://store.bricklink.com/andeekey?p=andeekey#/shop

I cannot even tell what I'd be charged in that store. I am being charged
a very specific amount for VAT on top of an amount that is to be determined,
as they don't use instant checkout to give postage costs.

1013.90 HUF for VAT on top of 420 HUF in parts plus some hidden estimate for
postage.

So I cannot tell whether I am being charged 20% VAT on top of their VAT ex or
inc rate.

Author:

wildchicken13

Posted:

Mar 8, 2023 13:20

Subject:

Re: XE.COM

Viewed:

27 times

Topic:

In Currency, yorbrick writes:

It seems too much of a coincidence that the difference in prices is the exact
ratio of the VAT rates, 1.27/1.20.

But it is not exact, no?

1.85 / 1.76 = 1.05113636 (approximately)
1.27 / 1.20 = 1.05833333 (approximately)

So it's close, but not exact.

Author:

wildchicken13

Posted:

Mar 8, 2023 13:17

Subject:

Re: XE.COM

Viewed:

26 times

Topic:

In Currency, rankster writes:

The store I checked is: https://store.bricklink.com/andeekey?p=andeekey#/shop

I see 700 HUF = 1.8929 USD

Author:

rankster

Posted:

Mar 8, 2023 12:34

Subject:

Re: XE.COM

Viewed:

32 times

Topic:

In Currency, SylvainLS writes:

We’d need someone who hasn’t a 20% VAT (and know which seller it is) to test
if the price in € changes with the buyer’s VAT rate.

The store I checked is: https://store.bricklink.com/andeekey?p=andeekey#/shop

Author:

Nubs_Select

Posted:

Mar 8, 2023 12:09

Subject:

Re: XE.COM

Viewed:

23 times

Topic:

In Currency, SylvainLS writes:

In Currency, Nubs_Select writes:

[…]
I think your using big words to sounds smart

I’m not vat register but
bricklink collects it when certain buyer buy from me

Shorter:

You are not in EU, BL collects VAT from your EU buyers.
VAT between EU sellers and EU buyers is another matter that BL does not touch.

Simpler enough?

Kinda

I think

Author:

SylvainLS

Posted:

Mar 8, 2023 12:01

Subject:

Re: XE.COM

Viewed:

23 times

Topic:

In Currency, Nubs_Select writes:

[…]
I think your using big words to sounds smart

I’m not vat register but
bricklink collects it when certain buyer buy from me

Shorter:

You are not in EU, BL collects VAT from your EU buyers.
VAT between EU sellers and EU buyers is another matter that BL does not touch.

Simpler enough?

Author:

yorbrick

Posted:

Mar 8, 2023 11:31

Subject:

Re: XE.COM

Viewed:

27 times

Topic:

But rankster is saying the store isn’t VAT-registered, so “VAT doesn’t apply”
and there’s no VAT added to the store’s prices and no difference in prices wherever
the buyer is (even non-EU).

It would be far simpler for him to say which store it is so it can be checked
(1) if the store does have Hungarian VAT added to the prices for Hungarian buyers
and Austrian VAT for Austrian customers and (2) what people in other countries
see.

It seems too much of a coincidence that the difference in prices is the exact
ratio of the VAT rates, 1.27/1.20.

Author:

Nubs_Select

Posted:

Mar 8, 2023 11:15

Subject:

Re: XE.COM

Viewed:

32 times

Topic:

In Currency, SylvainLS writes:

In Currency, Nubs_Select writes:

In Currency, rankster writes:

In Currency, yorbrick writes:

That's the VAT difference, 27% vs 20%.

Nope, this store doesn’t charge VAT.

I don’t think stores charge vat (anymore) on bricklink. Bricklink charges it
based off the buyers location and order $ total

Once again, no.

BrickLink collects import VAT, the VAT paid when an EU buyer buys from
a non-EU seller.

That’s different from the intra-EU VAT that an EU seller collects from
their EU buyers.

When buyer and seller are in EU and when the seller is VAT-registered, BrickLink
shows the prices with VAT included (as per the law). The VAT rate depends on
both the seller and the buyer (maybe seller’s rate or buyer’s rate depending
on the seller’s gross in EU).
Austria’s rate is 20%, Hungary’s rate is 27%.

But rankster is saying the store isn’t VAT-registered, so “VAT doesn’t apply”
and there’s no VAT added to the store’s prices and no difference in prices wherever
the buyer is (even non-EU).

I think your using big words to sounds smart

I’m not vat register but
bricklink collects it when certain buyer buy from me

Author:

SylvainLS

Posted:

Mar 8, 2023 03:29

Subject:

Re: XE.COM

Viewed:

36 times

Topic:

In Currency, yorbrick writes:

In Currency, rankster writes:

In Currency, yorbrick writes:

That's the VAT difference, 27% vs 20%.

Nope, this store doesn’t charge VAT.

Yet the difference is exactly 1.27/1.20=1.058.

We’d need someone who hasn’t a 20% VAT (and know which seller it is) to test
if the price in € changes with the buyer’s VAT rate.

Author:

SylvainLS

Posted:

Mar 8, 2023 03:26

Subject:

Re: XE.COM

Viewed:

31 times

Topic:

In Currency, wildchicken13 writes:

In Currency, SylvainLS writes:

Austria’s rate is 20%, Hungary’s rate is 27%.

What's Austria-Hungary's rate?

I’d say about the same as in the Polish-Lithuanian Commonwealth… though I heard
the latter had to rise the rates after their French king absonded with the Treasury.

Author:

yorbrick

Posted:

Mar 8, 2023 03:18

Subject:

Re: XE.COM

Viewed:

32 times

Topic:

In Currency, rankster writes:

In Currency, yorbrick writes:

That's the VAT difference, 27% vs 20%.

Nope, this store doesn’t charge VAT.

Yet the difference is exactly 1.27/1.20=1.058.

Author:

wildchicken13

Posted:

Mar 8, 2023 03:16

Subject:

Re: XE.COM

Viewed:

34 times

Topic:

In Currency, SylvainLS writes:

Austria’s rate is 20%, Hungary’s rate is 27%.

What's Austria-Hungary's rate?

Author:

SylvainLS

Posted:

Mar 8, 2023 03:13

Subject:

Re: XE.COM

Viewed:

37 times

Topic:

In Currency, Nubs_Select writes:

In Currency, rankster writes:

In Currency, yorbrick writes:

That's the VAT difference, 27% vs 20%.

Nope, this store doesn’t charge VAT.

I don’t think stores charge vat (anymore) on bricklink. Bricklink charges it
based off the buyers location and order $ total

Author:

wildchicken13

Posted:

Mar 8, 2023 02:57

Subject:

Re: XE.COM

Viewed:

36 times

Topic:

In Currency, rankster writes:

This issue seems to be still unfixed. I've checked a Hungarian store and
a minifigure listed for 700 HUF equals to 1.76 EUR which is not correct. If I
check xe.com it shows 700 HUF equals to 1.85 EUR, Google shows the same. As a
buyer, buying from a foreign store with different currency but accepting EUR
is great since I need to pay less than the actual exchange rate but the sellers
lose on every order which is paid in other currency than their own. And no, it
has nothing to do with PayPal's awful exchange rate since I use my card issuer's
rate when paying in foreign currency. Could someone please advise?

Finance is complicated. Rarely is it as simple as X EUR = Y USD.

Even XE.com itself says, "This is for informational purposes only. You won't
receive this rate when sending money."

Author:

Nubs_Select

Posted:

Mar 8, 2023 02:45

Subject:

Re: XE.COM

Viewed:

35 times

Topic:

In Currency, rankster writes:

In Currency, yorbrick writes:

That's the VAT difference, 27% vs 20%.

Nope, this store doesn’t charge VAT.

I don’t think stores charge vat (anymore) on bricklink. Bricklink charges it
based off the buyers location and order $ total

Author:

rankster

Posted:

Mar 8, 2023 02:44

Subject:

Re: XE.COM

Viewed:

53 times

Topic:

In Currency, yorbrick writes:

That's the VAT difference, 27% vs 20%.

Nope, this store doesn’t charge VAT.

Author:

yorbrick

Posted:

Mar 6, 2023 14:08

Subject:

Re: XE.COM

Viewed:

37 times

Topic:

In Currency, rankster writes:

In Currency, Krekeltje62 writes:

Hi

Why is Bricklink charging me with a rate of 1EUR = 0.9289 USD

XE.COM says it's 1 EUR = 0.996012 USD

The difference is absurd !

That's the VAT difference, 27% vs 20%.

Author:

Nubs_Select

Posted:

Mar 6, 2023 12:08

Subject:

Re: XE.COM

Viewed:

55 times

Topic:

In Currency, rankster writes:

In Currency, yorbrick writes:

Right, but then you wouldn't have such a bad rate that the buyer was complaining
about.

Yes the buyer might have paid using PP rate but please check my other reply in
this topic. Sellers lose money by accepting payments in other currency than their
own and not just because of PP. What could be the reason that 700 HUF is equals
to 1.86 EUR but in their store it equals to only 1.76 EUR?

That’s why most sellers only accept 1 or several currencies and not all

Author:

rankster

Posted:

Mar 6, 2023 12:05

Subject:

Re: XE.COM

Viewed:

52 times

Topic:

In Currency, yorbrick writes:

Right, but then you wouldn't have such a bad rate that the buyer was complaining
about.

Author:

yorbrick

Posted:

Mar 6, 2023 12:00

Subject:

Re: XE.COM

Viewed:

48 times

Topic:

In Currency, rankster writes:

In Currency, yorbrick writes:

Because xe quotes a mid market rate, between buying and selling. Whereas when
you pay your fees you are essentially selling euros/buying dollars at the PayPal
rate.

Why do you assume that PayPal rate is used? When paying my seller fees with PP
I always use my card issuer's rate which is much better. This issue has nothing
to do with PP.

Right, but then you wouldn't have such a bad rate that the buyer was complaining
about.

Author:

rankster

Posted:

Mar 6, 2023 11:57

Subject:

Re: XE.COM

Viewed:

57 times

Topic:

In Currency, yorbrick writes:

Because xe quotes a mid market rate, between buying and selling. Whereas when
you pay your fees you are essentially selling euros/buying dollars at the PayPal
rate.

Why do you assume that PayPal rate is used? When paying my seller fees with PP
I always use my card issuer's rate which is much better. This issue has nothing
to do with PP.

Author:

rankster

Posted:

Mar 6, 2023 11:54

Subject:

Re: XE.COM

Viewed:

69 times

Topic:

In Currency, Krekeltje62 writes:

Hi

Why is Bricklink charging me with a rate of 1EUR = 0.9289 USD

XE.COM says it's 1 EUR = 0.996012 USD

The difference is absurd !

Author:

hiltontegan226

Posted:

Nov 23, 2022 13:16

Subject:

Re: Multiple Accepted Currencies or Not

Viewed:

49 times

Topic:

I think you should work just with US dollars, so it will be much easier to you.

Author:

yorbrick

Posted:

Nov 23, 2022 12:33

Subject:

Re: Multiple Accepted Currencies or Not

Viewed:

40 times

Topic:

In your situation I would also take only USD payments.

As a UK buyer, I rarely buy abroad due to shipping costs. If I do need to buy
abroad then chances are it is either a very good deal or I cannot get it here.
I am not going to be too bothered that I need to pay in USD and pay the extra
percentage in conversion fees. I'm not going to refuse to buy as they don't
take my currency.

Fortunately, I have a decent credit card anyway that charge mastercard rates,
so I can pay the total in USD (or whatever) direct from my card through paypal
and get charged a more favourable rate than buying using a GBP balance and converting
it to USD.

Author:

1001bricks

Posted:

Nov 23, 2022 11:49

Subject:

Re: Multiple Accepted Currencies or Not

Viewed:

33 times

Topic:

#1: should I try to list all the main currencies from the dozen or so countries
I sell to and add those to my accepted currencies section?

Simple: you'll lose more in fees, but do you prefer 90% or 0% of an hypothetic
international order?
That's the idea.

Author:

Lakeshore_BAM

Posted:

Nov 23, 2022 08:48

Subject:

Re: Multiple Accepted Currencies or Not

Viewed:

43 times

Topic:

In Currency, Lakeshore_BAM writes:

In Currency, Emporiosa writes:

In Currency, Lakeshore_BAM writes:

Hi, I reside in the USA and recently started a BL store and am accepting international
orders from several countries. This post is mainly geared towards other sellers
who do the same.

I currently have it listed that I accept USD, Canadian dollar, Australian dollar,
and euro.

#1: should I try to list all the main currencies from the dozen or so countries
I sell to and add those to my accepted currencies section?

#2: should I only accept USD? I ask because I know that just accepting US dollars
eliminates the need for me to pay the Paypal conversion fee, but also, does that
seem to block out a substantial % of potential buyers from my non-US customers
(in your experience), Or do non-US customers tend to be able to pay in USD with
relative ease.

I accept PayPal onsite payments only.

I realize that I have to make the final decision but I'd appreciate any input.

Thank you very much!

It's usually a matter of preference, and you touched on it (the fees portion).
Do you wish your international buyers to cover the conversion fee, where it converts
from their currency to USD. Or do you wish to cover on their behalf by accepting
a wider range of currencies? Savvy buyers may opt for stores that accept their
currency to save on that, so of course, offering a wider variety may cater to
more.

What you could also do is if you find yourself buying from sellers in Canada
or Europe for example, is accept their currencies so you can keep it in your
PayPal account and then use those currencies directly when buying stores that
accept it (and then no conversion has to happen). A lot of sellers in Canada
for example accept USD because they shop from US stores a lot, so it's not
a big loss (if at all).

Emporiosa,

Thanks for your detailed response!

I think I'll just change my settings to only accept USD so I won't need
to eat conversion fees with international buyers that don't use USD. My store
is still brand new so I don't think it'll cause an uproar

I assume PayPal would then automatically convert their currency to USD before
I get the money in my PayPal account?

Do you find it necessary to explicitly state in my store terms that the buyer
is responsible for PayPal conversion fees when not using USD since I will only
accept USD or do buyers tend to already expect that type of thing when using
a non-accepted store currency?

Thanks again.

I found the answer to this question of mine with a quick Google search:

I assume PayPal would then automatically convert their currency to USD before
I get the money in my PayPal account?

YES

Author:

Lakeshore_BAM

Posted:

Nov 23, 2022 08:39

Subject:

Re: Multiple Accepted Currencies or Not

Viewed:

37 times

Topic:

In Currency, Emporiosa writes:

In Currency, Lakeshore_BAM writes:

Author:

Emporiosa

Posted:

Nov 23, 2022 08:12

Subject:

Re: Multiple Accepted Currencies or Not

Viewed:

57 times

Topic:

In Currency, Lakeshore_BAM writes:

Author:

Lakeshore_BAM

Posted:

Nov 23, 2022 08:05

Subject:

Multiple Accepted Currencies or Not

Viewed:

106 times

Topic:

Author:

yorbrick

Posted:

Nov 5, 2022 05:35

Subject:

Re: XE.COM

Viewed:

68 times

Topic:

In Currency, Krekeltje62 writes:

Hi

Why is Bricklink charging me with a rate of 1EUR = 0.9289 USD

XE.COM says it's 1 EUR = 0.996012 USD

The difference is absurd !

Because xe quotes a mid market rate, between buying and selling. Whereas when
you pay your fees you are essentially selling euros/buying dollars at the PayPal
rate.

Author:

Krekeltje62

Posted:

Nov 5, 2022 05:04

Subject:

XE.COM

Viewed:

169 times

Topic:

Hi

Why is Bricklink charging me with a rate of 1EUR = 0.9289 USD

XE.COM says it's 1 EUR = 0.996012 USD

The difference is absurd !

Author:

Teup

Posted:

Oct 22, 2021 06:23

Subject:

Re: currency POV

Viewed:

75 times

Topic:

In Currency, Derk85 writes:

Hi there,

I would like to know the part out value of some of my sets.
Unfortunately the price guide only shows the POV in US dollars.
In my account settings the current value = euro's, so I'm not quite sure
why the part out value is shown in US dollars.
So I'm, wondering Is it because I'm only a buyer (not a seller)?
Any help would be appreciated!

Kind regards,
Mendy

As far as I know, yes. There is a 'store currency' setting which determines
it, and you can only access that setting as a seller.

Author:

Derk85

Posted:

Oct 22, 2021 06:11

Subject:

currency POV

Viewed:

111 times

Topic: