| Redisplay Messages: Compact | Brief | All | Full Show Messages: All | Without Replies| Author: | SylvainLS  | | Posted: | Mar 9, 2023 17:36 | | Subject: | Re: 2 paypal accounts; 1 for USD, 1 for Euro? | | Viewed: | 34 times | | Topic: | Currency | |
|
| 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?
|
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: | Currency | |
|
| 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?
|
|
| Author: | rankster | | Posted: | Mar 8, 2023 15:46 | | Subject: | Re: XE.COM | | Viewed: | 33 times | | Topic: | Currency | |
|
| 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: | 32 times | | Topic: | Currency | |
|
| 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: | Currency | |
|
| 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.
|
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.
|
|
| Author: | SylvainLS | | Posted: | Mar 8, 2023 14:19 | | Subject: | Re: XE.COM | | Viewed: | 27 times | | Topic: | Currency | |
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| 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.
|
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.
|
|
| Author: | yorbrick | | Posted: | Mar 8, 2023 14:03 | | Subject: | Re: XE.COM | | Viewed: | 28 times | | Topic: | Currency | |
|
| 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: | Currency | |
|
| In Currency, rankster 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.
|
|
|
| Author: | wildchicken13 | | Posted: | Mar 8, 2023 13:20 | | Subject: | Re: XE.COM | | Viewed: | 28 times | | Topic: | Currency | |
|
| 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: | Currency | |
|
| In Currency, rankster writes:
I see 700 HUF = 1.8929 USD
|
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