louber2
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posted on November 3, 2000 01:07:29 PM
I have sold a few things to people from Canada only to have my bank take money from my account to make up the difference in the exchange rate between the US and Canada. Is there an easy way to have Canadian buyers to send a check or money order with the proper exchange rate? How do you figure the difference in the exchange rate between the countries?
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Zazzie
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posted on November 3, 2000 01:10:55 PM
Why are you figuring out anything?? Aren't they sending you payment in US currency??
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ExecutiveGirl
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posted on November 3, 2000 01:19:15 PM
I just have my customers mail me an international MO. Always ask for funds in US Currency and you'll never be charged anything. I also accept Billpoint & Bidpay which are both great for international payments.
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louber2
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posted on November 3, 2000 01:20:11 PM
I have sold to Canadians in the past only to have my bank take money from my account to make up the difference between Canadian money and US dollars. I don't want to take the loss between the two and I have somebody from Canada now who won one of my auctions and I need to know how to tell them to send thier check.
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ExecutiveGirl
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posted on November 3, 2000 01:24:27 PM
Louber: Just tell them it HAS to be US funds.
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Zazzie
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posted on November 3, 2000 01:30:42 PM
Tell them to go to the post office and get a money order in US dollars for the exact amount you want----don't take Canadian $$ if your bank is charging you---plus the fact the exchange rate is bouncing all over the place..
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kudzurose
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posted on November 3, 2000 03:23:54 PM
louber - If they send an International Postal Money Order, (in U.S. dollars), some banks (not all) will charge you a fee when you cash it or deposit it.
However, if you take it to your post office, they will cash it for you at no charge.
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cdnbooks
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posted on November 3, 2000 03:28:55 PM
In theory US$ postal money orders from Canada should be foolproof (and free) at a USPS outlet. However, you should remember that 'nothing is foolproof to a big enough fool!'
Bill
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Goldensands
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posted on November 3, 2000 03:30:29 PM
There is a good International Currency Converter at: http://www.xe.com/ucc/
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macandjan
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posted on November 3, 2000 11:23:33 PM
If you take their check it should be made out for $US.
I am blessed with a bank that does not charge extra for a foriegn check written in US dollars but I understand that is rare. I use Michigan National Bank.
Being right across the river from Canada is probably a big part of why they know what they are doing.It comes up all the time.
All eBay auctions on the main site are denominated in $US. You should not have to accept any other payment unless you override it in your TOS.
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gomarek
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posted on November 4, 2000 12:19:39 AM
www.bidpay.com
Has thousands of clients in Canada and both sends payments to sellers in Canada and also from Candian buyers to US sellers.
IN US FUNDS
Thought this might help solve your problem.
Thanks
Marek
BidPay
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jwpc
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posted on November 4, 2000 07:12:57 AM
ExecutiveGirl
RIGHT ON - if you request an International Money order it will be in USA dollars in the amount you specify and you don't have to bother with conversion....also I use PAYPAL, and BidPay...never a conversion problem they handle all this for you.
Paul Truth
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cdnbooks
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posted on November 4, 2000 10:46:46 AM
....actually International money orders are available in Canada for a large number of different world currencies. It's not an International MO that you need, it is a Money Order in US FUNDS.
(Don't think that an International MO in Pounds Sterling would be any better for you)
Bill
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Zazzie
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posted on November 4, 2000 10:51:21 AM
cdnbooks--silly boy. The USA is the centre of the universe.
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cdnbooks
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posted on November 4, 2000 12:55:57 PM
Zazzie
How silly of me.....
Bill
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