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by sycren 5556 days ago
If you were using paypal then it would allow the user to pay in any currency and in a way increase the target audience and wouldn't possibly put a buyer off.

If you are worried about currency fluctuations, would it be possible to have a US bank account which profit would enter which would then be used to pay for anything US based therefore decreasing risk when converting $CAD to $USD? If so, then you would only transfer money to $CAD when the currency rate falls into a certain range for example 0.95-1.xx

1 comments

So are you suggesting different amounts depending on the currency and the location of the enquiry IP? Example: $30CAD, $30USD, 18EUR, 2600Yen?

That's something to think about. Have you done that or know a service that has?

Sorry I have not done anything like this before. Through paypal, I meant that you would charge say $10CAD on your site, when the user logs in to their account, the charge is automatically charged in their currency. But this wont be displayed on your site, only a figure of $10.

It really depends what kind of a service you are giving, in what quantity and how often you need to transfer it back home. For example paypal and many credit card companies take a small percentage of the transaction. Google checkout is another solution to this. If you only transfer the money once per quarter then you may save money when converting currencies