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 | |
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| 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 | |
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| 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.
|
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| Author: | SylvainLS | | Posted: | Mar 8, 2023 15:33 | | Subject: | Re: XE.COM | | Viewed: | 31 times | | Topic: | Currency | |
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| 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.
|
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| Author: | yorbrick | | Posted: | Mar 8, 2023 14:58 | | Subject: | Re: XE.COM | | Viewed: | 25 times | | Topic: | Currency | |
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| 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: | 26 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 | |
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| 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.
|
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| Author: | yorbrick | | Posted: | Mar 8, 2023 13:56 | | Subject: | Re: XE.COM | | Viewed: | 30 times | | Topic: | Currency | |
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| 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: | 27 times | | Topic: | Currency | |
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| 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 | |
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| In Currency, rankster writes:
I see 700 HUF = 1.8929 USD
|
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| Author: | rankster | | Posted: | Mar 8, 2023 12:34 | | Subject: | Re: XE.COM | | Viewed: | 32 times | | Topic: | Currency | |
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| 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
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| Author: | Nubs_Select | | Posted: | Mar 8, 2023 12:09 | | Subject: | Re: XE.COM | | Viewed: | 23 times | | Topic: | Currency | |
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| 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
|
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| Author: | SylvainLS | | Posted: | Mar 8, 2023 12:01 | | Subject: | Re: XE.COM | | Viewed: | 23 times | | Topic: | Currency | |
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| 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?
|
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| Author: | yorbrick | | Posted: | Mar 8, 2023 11:31 | | Subject: | Re: XE.COM | | Viewed: | 27 times | | Topic: | Currency | |
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| | | 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.
|
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| Author: | Nubs_Select | | Posted: | Mar 8, 2023 11:15 | | Subject: | Re: XE.COM | | Viewed: | 32 times | | Topic: | Currency | |
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| 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
|
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| Author: | SylvainLS | | Posted: | Mar 8, 2023 03:29 | | Subject: | Re: XE.COM | | Viewed: | 36 times | | Topic: | Currency | |
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| 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: | Currency | |
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| 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.
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| Author: | yorbrick | | Posted: | Mar 8, 2023 03:18 | | Subject: | Re: XE.COM | | Viewed: | 32 times | | Topic: | Currency | |
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| 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.
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| Author: | wildchicken13 | | Posted: | Mar 8, 2023 03:16 | | Subject: | Re: XE.COM | | Viewed: | 34 times | | Topic: | Currency | |
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| In Currency, SylvainLS writes:
| | Austria’s rate is 20%, Hungary’s rate is 27%.
|
What's Austria-Hungary's rate?
|
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| Author: | SylvainLS | | Posted: | Mar 8, 2023 03:13 | | Subject: | Re: XE.COM | | Viewed: | 37 times | | Topic: | Currency | |
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| 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).
|
|
| Author: | wildchicken13 | | Posted: | Mar 8, 2023 02:57 | | Subject: | Re: XE.COM | | Viewed: | 36 times | | Topic: | Currency | |
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| 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."
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| Author: | Nubs_Select | | Posted: | Mar 8, 2023 02:45 | | Subject: | Re: XE.COM | | Viewed: | 35 times | | Topic: | Currency | |
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| 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: | Currency | |
|
| In Currency, yorbrick writes:
| | That's the VAT difference, 27% vs 20%.
|
Nope, this store doesn’t charge VAT.
|
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| Author: | yorbrick | | Posted: | Mar 6, 2023 14:08 | | Subject: | Re: XE.COM | | Viewed: | 37 times | | Topic: | Currency | |
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| 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 !
|
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?
|
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: | Currency | |
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| 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
|
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| Author: | rankster | | Posted: | Mar 6, 2023 12:05 | | Subject: | Re: XE.COM | | Viewed: | 52 times | | Topic: | Currency | |
|
| 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?
|
|
| Author: | yorbrick | | Posted: | Mar 6, 2023 12:00 | | Subject: | Re: XE.COM | | Viewed: | 48 times | | Topic: | Currency | |
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| 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.
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Right, but then you wouldn't have such a bad rate that the buyer was complaining
about.
|
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| Author: | rankster | | Posted: | Mar 6, 2023 11:57 | | Subject: | Re: XE.COM | | Viewed: | 57 times | | Topic: | Currency | |
|
| 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.
|
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| Author: | rankster | | Posted: | Mar 6, 2023 11:54 | | Subject: | Re: XE.COM | | Viewed: | 69 times | | Topic: | Currency | |
|
| 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 !
|
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?
|
|
| Author: | hiltontegan226 | | Posted: | Nov 23, 2022 13:16 | | Subject: | Re: Multiple Accepted Currencies or Not | | Viewed: | 49 times | | Topic: | Currency | |
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| | I think you should work just with US dollars, so it will be much easier to you. |
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| Author: | yorbrick | | Posted: | Nov 23, 2022 12:33 | | Subject: | Re: Multiple Accepted Currencies or Not | | Viewed: | 40 times | | Topic: | Currency | |
|
| 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.
|
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| Author: | 1001bricks | | Posted: | Nov 23, 2022 11:49 | | Subject: | Re: Multiple Accepted Currencies or Not | | Viewed: | 33 times | | Topic: | Currency | |
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| | | #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.
|
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| Author: | Lakeshore_BAM | | Posted: | Nov 23, 2022 08:48 | | Subject: | Re: Multiple Accepted Currencies or Not | | Viewed: | 43 times | | Topic: | Currency | |
|
| 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: | Currency | |
|
| 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.
|
|
| Author: | Emporiosa | | Posted: | Nov 23, 2022 08:12 | | Subject: | Re: Multiple Accepted Currencies or Not | | Viewed: | 57 times | | Topic: | Currency | |
|
| 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).
|
|
| Author: | Lakeshore_BAM | | Posted: | Nov 23, 2022 08:05 | | Subject: | Multiple Accepted Currencies or Not | | Viewed: | 106 times | | Topic: | Currency | |
|
| 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!
|
|
| Author: | yorbrick | | Posted: | Nov 5, 2022 05:35 | | Subject: | Re: XE.COM | | Viewed: | 68 times | | Topic: | Currency | |
|
| 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: | Currency | |
|
| 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: | Currency | |
|
| 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: | Currency | |
|
| 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
|
|
France, Nouvelle-Aquitaine
USA, Ohio
Austria, Wien
United Kingdom, England
Canada, Ontario
Ukraine, Kyiv
Belgium
Netherlands, Utrecht