currency conversion
- u-he
- 30222 posts since 8 Aug, 2002 from Berlin
Yes. I'm not 100% certain I fully understood what I was told, but basically the excess price was a construct out of variable currency conversion fees of credit card institutes (presumably an average between 2-3 percent) and a hidden fee for a chargeback insurance, so I guess literally twice the average conversion charge. I haven't fully made sense out of it, but I was baffled enough to express my anger.cis-didge wrote:......Any news about the currency conversion matter
Our account manager since got them to drop that insurance bit for us when pointing out that we have a very low chargeback rate. As far as I can see we now have quite reasonable conversion fees (TDZ is < 85€ now)
Not sure if I'm 100% happy, but it's a start.
- u-he
- 30222 posts since 8 Aug, 2002 from Berlin
Not that I know of. The price seems to be fixed before you put in your payment details.cis-didge wrote:will there be differences between paying with creditcard and paying with paypal
This is where I'm a bit confused. If the conversion fees vary it seems impossible to set the price beforehand.
So I suppose they use an average or a worst case to set it beforehand.
I wonder if it's any better if we manually set the price for each currency.
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Echoes in the Attic Echoes in the Attic https://www.kvraudio.com/forum/memberlist.php?mode=viewprofile&u=180417
- KVRAF
- 12055 posts since 12 May, 2008
I was wondering about this too. 99 usd is about 100 Canadian, but I paid 109 Canadian. I don't really care, but I was surprised at the conversion.
