trying to buy ubhik but...
i am based in the UK, but if I select GBP on share it the total price is about £10 more than if i select USD and convert on yahoo finance's convertor (updated to today's exchange rate). Also USD seems roughly £10 cheaper than the Euro version.
Would there be any problem to purchase it in USD? I suppose i'd have to pay a fee to my bank but surely it'd be cheaper than that
oli
shareit currency conversion
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- KVRian
- 883 posts since 24 Jun, 2002 from Berlin
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- KVRAF
- 9590 posts since 17 Sep, 2002 from Gothenburg Sweden
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- KVRAF
- 2911 posts since 3 Mar, 2006
That could be it.jupiter8 wrote:VAT?
Also, I don't know what your bank charges for currency conversion, but I know I'm hit with 3%.
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- KVRAF
- 9590 posts since 17 Sep, 2002 from Gothenburg Sweden
WOOT?Meffy wrote:HE SAID, "I'M TRYING TO..."jupiter8 wrote:VAT?
sorry, couldn't resist
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- KVRAF
- 11839 posts since 23 Nov, 2004 from west of east
I thought the VAT was closer to 17 percent.jupiter8 wrote:VAT?
We escape the trap of our own subjectivity by
perceiving neither black nor white but shades of grey
perceiving neither black nor white but shades of grey
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- KVRAF
- 9590 posts since 17 Sep, 2002 from Gothenburg Sweden
Yeah,but the dollar is cheaper than the Pound so it evens out.eduardo_b wrote:I thought the VAT was closer to 17 percent.jupiter8 wrote:VAT?
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- KVRAF
- 2118 posts since 1 Apr, 2004 from Athens, Greece
Similar problem here:
my company is EU based and VAT registered, so I don't pay VAT. Now, while most of the sites I've checked translate $99 to 74-76 euros share-it translates it to 85.56 euros. That's 10 euros more!
I asked my dictionary about it and it spat the word "usury"
Urs, can't you accept payment directly from PayPal? It translates $99 to 77 euros. I would also need an invoice for my company of course.
my company is EU based and VAT registered, so I don't pay VAT. Now, while most of the sites I've checked translate $99 to 74-76 euros share-it translates it to 85.56 euros. That's 10 euros more!
I asked my dictionary about it and it spat the word "usury"
Urs, can't you accept payment directly from PayPal? It translates $99 to 77 euros. I would also need an invoice for my company of course.
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- KVRAF
- 11839 posts since 23 Nov, 2004 from west of east
Has anyone questioned them on this variance from the listed exchange rates?geroyannis wrote:Similar problem here:
my company is EU based and VAT registered, so I don't pay VAT. Now, while most of the sites I've checked translate $99 to 74-76 euros share-it translates it to 85.56 euros. That's 10 euros more!
We escape the trap of our own subjectivity by
perceiving neither black nor white but shades of grey
perceiving neither black nor white but shades of grey
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- KVRian
- 1116 posts since 18 Jan, 2004 from Los Angeles, California, USA
Maybe it's a lot simpler than that:
As somebody mentions, most banks charge a percentage on any currency exchange. Anyone who's traveled abroad know that many kiosks there do the same, often at a far worse rate. The rates are not actually standardized: each institution varies their premium on top of the rate. I seem to remember that even credit card companies themselves used to do that, when traveling abroad, but that's a vague (and quite possibly inaccurate) memory.
As somebody mentions, most banks charge a percentage on any currency exchange. Anyone who's traveled abroad know that many kiosks there do the same, often at a far worse rate. The rates are not actually standardized: each institution varies their premium on top of the rate. I seem to remember that even credit card companies themselves used to do that, when traveling abroad, but that's a vague (and quite possibly inaccurate) memory.
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- KVRAF
- 11839 posts since 23 Nov, 2004 from west of east
The rate typically charged for conversions on credit cards wouldn't be anywhere close to 10 percent, which is about what the additional Share-it conversion noted above comes to. It's more likely that Share-it is doing what banks do, turning service charges into the highest margin profit centers in their business.Per Lichtman wrote:Maybe it's a lot simpler than that:
As somebody mentions, most banks charge a percentage on any currency exchange. Anyone who's traveled abroad know that many kiosks there do the same, often at a far worse rate. The rates are not actually standardized: each institution varies their premium on top of the rate. I seem to remember that even credit card companies themselves used to do that, when traveling abroad, but that's a vague (and quite possibly inaccurate) memory.
We escape the trap of our own subjectivity by
perceiving neither black nor white but shades of grey
perceiving neither black nor white but shades of grey
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- KVRian
- 1116 posts since 18 Jan, 2004 from Los Angeles, California, USA
That would make sense. But I thought this thread was implying that there was something amiss? That just sounds normal.eduardo_b wrote:The rate typically charged for conversions on credit cards wouldn't be anywhere close to 10 percent, which is about what the additional Share-it conversion noted above comes to. It's more likely that Share-it is doing what banks do, turning service charges into the highest margin profit centers in their business.Per Lichtman wrote:Maybe it's a lot simpler than that:
As somebody mentions, most banks charge a percentage on any currency exchange. Anyone who's traveled abroad know that many kiosks there do the same, often at a far worse rate. The rates are not actually standardized: each institution varies their premium on top of the rate. I seem to remember that even credit card companies themselves used to do that, when traveling abroad, but that's a vague (and quite possibly inaccurate) memory.
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- KVRAF
- 11839 posts since 23 Nov, 2004 from west of east
From the customer's point of view, it's all totally amiss. From the bank/financial org side, it's found revenue. Those greedy little...Per Lichtman wrote:That would make sense. But I thought this thread was implying that there was something amiss? That just sounds normal.eduardo_b wrote:The rate typically charged for conversions on credit cards wouldn't be anywhere close to 10 percent, which is about what the additional Share-it conversion noted above comes to. It's more likely that Share-it is doing what banks do, turning service charges into the highest margin profit centers in their business.Per Lichtman wrote:Maybe it's a lot simpler than that:
As somebody mentions, most banks charge a percentage on any currency exchange. Anyone who's traveled abroad know that many kiosks there do the same, often at a far worse rate. The rates are not actually standardized: each institution varies their premium on top of the rate. I seem to remember that even credit card companies themselves used to do that, when traveling abroad, but that's a vague (and quite possibly inaccurate) memory.
We escape the trap of our own subjectivity by
perceiving neither black nor white but shades of grey
perceiving neither black nor white but shades of grey
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- KVRian
- 1116 posts since 18 Jan, 2004 from Los Angeles, California, USA
Lol.
Well it is, quite literally, the cost of doing business in this case.
Well it is, quite literally, the cost of doing business in this case.
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- KVRian
- 1097 posts since 27 Nov, 2006
Thanks to the rather deathly pallor of the British economy the government has set the VAT rate to 15%. However, as it's an online purchase you have to use the VAT rate of the country of the seller. ShareIt is in Germany so it's 19%.