Quote:
Originally Posted by Einstein
Actually, you're wrong because we have to pay exchange charges on our credit cards or through our bank to pay them in US funds. So no, it isn't the same, you can end up paying as much as 5-6% more.
So don't say it's the same when it isn't.
They are perfectly capable of sending out a bill to their CANADIAN customers in CANADIAN DOLLARS when the order is placed.
|
Quote:
Originally Posted by Pgianos
Can I get a witness? Preach on... Id they want us funds they should pay the conversion fee... What's right is right
|
If the store were to pay the ~3% conversion fee, they'd have to raise their prices by 3%. Someone has to pay that 3% and all the money in this chain comes from the buyer.
The assumption is usually that they should eat the 3% out of some kind of big cushy profit margin they must have... But there is no such big profit margin. Their margins are already razor thin due to price competition. These guys are not getting rich, especially the small shops.
Quote:
Originally Posted by Einstein
So using your logic there, which I agree with, means that if they buy something in us funds at 70 cents Canadian and then our dollar goes up to 90 cents US then they should lower their prices right? Because at that point they are charging us more.
|
If they charged in CDN yes, absolutely their prices would need to change daily based on the rate changes. But they charge in USD because they pay their suppliers in USD. So their USD pricing only fluctuates to match what their supplier is charging.
