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Message

Re: The cost of money ...

2004-09-23 by Graham Davies

--- In AVR-Chat@yahoogroups.com, "Dingo" <nsjunklists@h...> wrote:

OK, I'm learning something here. Western Union is out. Credit cards 
are good. It has also been my experience that you get a very fair 
exchange rate with a credit card. Also a debit (ATM) card.

So, on to PayPal. I have been assuming that someone paying for my 
products with a credit card through PayPal benefits from the same 
fair exchange rate as using a credit card in other ways. Is this not 
so? Is the credit card debited in the "native" currency and then this 
converted to dollars at a rip-off rate?

Before I signed up with PayPal, people had a lot of trouble paying me 
from non-dollar contries. Some resorted to mailing a wad of dollar 
bills as these were cheaper than dollar-denominated checks. PayPal 
has solved this problem and I've received no comments about lousy 
exchange rates. Am I setting up my overseas customers for a rip-off?

Graham.
http://www.ecrostech.com

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