CCBILL billing in £'s

[spann0]

ok I haven't changed my forms but I noticed I am getting sales in £'s now

so does this mean CCBILL converts the $ signup rate to £'s for billing then coverts it back to $'s for payment and then I convert it back to £'s at my bank to use the money?

is it possible to just bill in £'s or euros now and get paid in £'s or euros without the converting?

[Grisey]

ok I haven't changed my forms but I noticed I am getting sales in £'s now

so does this mean CCBILL converts the $ signup rate to £'s for billing then coverts it back to $'s for payment and then I convert it back to £'s at my bank to use the money?

is it possible to just bill in £'s or euros now and get paid in £'s or euros without the converting?

They still charge the dollar amount they just show the surfer what the prices is in different currency

[smoothballs]

I was wondering the other day what ccbills profits are yearly...

[spann0]

They still charge the dollar amount they just show the surfer what the prices is in different currency

ahh ok - theres no way to set say the price to £14.99 / month and let it work the other way?

[rogue]

i so wish they would have a payout in £ option

[dvtimes]

i so wish they would have a payout in £ option

as been said, simply opt for a wire payment.

[gawdi]

ccBill are making a fortune from all these different currency billings.... get out yr calculator and log on to xe.com to see just how much!!

I'm actually thinking of advising any sign ups to do it in $

[spann0]

is there a way to disable it?

[JT]

ccBill are making a fortune from all these different currency billings.... get out yr calculator and log on to xe.com to see just how much!!

I'm actually thinking of advising any sign ups to do it in $

:agree:

[NumptyNuts]

XE.com etc quote 'Market Rates'

What we get from our bank and what they will get from their bank will NOT be the same rate quoted.

From what XE quote to what my bank payout on can be upto 20 US Cents difference.

[JT]

XE.com etc quote 'Market Rates'

What we get from our bank and what they will get from their bank will NOT be the same rate quoted.

From what XE quote to what my bank payout on can be upto 20 US Cents difference.

Thats because banks make money on changing currency. This is about billing customers in their own currency at source, not converting anything and not popping down Barclays and asking them to change your holliday money.

[gawdi]

XE.com etc quote 'Market Rates'

What we get from our bank and what they will get from their bank will NOT be the same rate quoted.

From what XE quote to what my bank payout on can be upto 20 US Cents difference.
ccBill are likely to get market rates, because of the volume of transactions...

Out of interest, I just checked a $34.95 subscription, which was paid in £ yesterday

The member actually paid £18.73 which was the equivalent of $37.0016

a difference of $2.0516

[gawdi]

Forgot to put in my last post: if you use your credit card abroad or for a foreign currency transaction, you should only be charged market rates...

[NumptyNuts]

This is about billing customers in their own currency at source, not converting anything and not popping down Barclays and asking them to change your holliday money.

What soucre.. CCBill are not a bank, they do not buy and sell currency as you as they are a PSP.

Reading this post I am left assuming that although the punter sees GBP price his card is still in fact billed in USD.

Either way the rates people will see are tourist rates, what we see on XE is the base bank rates.

If CCBill make a few extra cents on this then thats just good business by them, they will no doubt have a set exchange rate for USD/GBP

[dvtimes]

What soucre.. CCBill are not a bank, they do not buy and sell currency as you as they are a PSP.

Reading this post I am left assuming that although the punter sees GBP price his card is still in fact billed in USD.

Either way the rates people will see are tourist rates, what we see on XE is the base bank rates.

If CCBill make a few extra cents on this then thats just good business by them, they will no doubt have a set exchange rate for USD/GBP

if he pays by credit card, it will show on his (or her bill) in his currency. ie, if he is in the uk and makes any payment for anything, it will show as £ not $.

[NumptyNuts]

ccBill are likely to get market rates, because of the volume of transactions...

Out of interest, I just checked a $34.95 subscription, which was paid in £ yesterday

The member actually paid £18.73 which was the equivalent of $37.0016

a difference of $2.0516

They wont get bank rates mate, they are PSP - NOT a bank, £18.73 - I just looked at your numbers and the yes the figures are higher though you are looking at the buy rate - as apposed to the sell rate.

this is the rate AUCTUAL buy rate for GBP / USD - 1.9164

The bank BUY USD at 1.989

Using these numbers you will see the join is about the right, :)

[NumptyNuts]

Forgot to put in my last post: if you use your credit card abroad or for a foreign currency transaction, you should only be charged market rates...

I dont know I use a Naitionwide CC and DC abroad and they have zero charges and give me the 'market rate transactions' :crown:

[NumptyNuts]

if he pays by credit card, it will show on his (or her bill) in his currency. ie, if he is in the uk and makes any payment for anything, it will show as £ not $.


cool then you deffo need to look into buy / sell rates - XE.com will not give you a true idea.