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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