Viking Coder wrote:
Yes, but is it a matter of ethics, or of business practices/methods?
When a transaction is made across
non-equivalent currencies, is there an *ethical* means of determining what
amount should be refunded?
There was no transaction across non-equivalent currencies, gold was
paid, and gold should be returned.
If the customer had paid Graham 500 USD, Graham would be correct to
return USD, but that was not the case, Graham was paid a weight of
gold. It is impossible to "Spend" USD with e-gold, and this is
clearly stated on the e-gold site.
Quote e-gold Account User Agreement:
1.12. “Spend” means the act of transferring value between e-gold
accounts in fulfillment of a payment order entered by User. Spends
are accounted by weight and convey title to that precise fine weight
of metal. Spends may not exceed Available Balance.
How is this situation usually handled (fiat <-> fiat transactions)? Is the
merchant/payee's currency used as the basis for refund, or the
customer/payer's currency used?
This is not the issue under discussion, no exchange between different
currencies had taken place.
Sidd.
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