Brett, We've done similar things in the past, and it doesn't need to be very complicated. A few points: * Any transaction you make on an Australian bank account (credit card or otherwise) will be converted into Australian dollars at the time of payment; * Make it clear that the amount is in US$. For the sake of customer's convenience, make a currency conversion tool available. * Most companies operate exchange rates for transactions based on yesterday's Australian market close, so you just need to be able to update the exchange rate once a day. (Foreign exchange markets are extremely efficient and change constantly, so most companies don't worry too much about minute-by-minute fluctuations.) * Beware how you are going to handle refunds. If you don't know yet, find out! The big issue is this: will you refund the Australian dollar amount actually paid on the day, or the equivalent US$ amount? And will you be using today's exchange rate, or the one used on the date the transaction was made?
The conversion tool doesn't need to be a big deal. Just pop open a window that shows the transaction value in both USD and AUD using the current exchange rate. Since you know the amount of the transaction, you don't need anything any more dynamic than that. HTH Steve ---------------------------------------------- steve baty senior analyst red square :: internet design & development www.redsquare.com <ph>+612 8596 4030 <fax>+612 8596 4001 <mob>+61 417 061 292 -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Brett Payne-Rhodes Sent: Monday, 14 July 2003 12:16 To: CFAussie Mailing List Subject: [cfaussie] US$ vs AU$ Hi, I have a client who is charging for a service and collecting payments over the web. The problem I have, and it may not be a problem, is that he wants to show the prices in US$ but collect the money in $AU. I'm not looking for legal advice, but has anyone had a similar experience? Can we do it this way? I assume we would need to use a currency conversion service to get the (approximate) AU$ value at the time of the 'sale'. Can anyone recommend one? Sorry if this is OT but I thought it was relevant and probably of interest to most people on the list... Regards and thanks, Brett B) -- Brett Payne-Rhodes Eaglehawk Computing t: +61 (0)8 9371-0471 f: +61 (0)8 9371-0470 m: +61 (0)414 371 047 e: [EMAIL PROTECTED] w: www.ehc.net.au --- You are currently subscribed to cfaussie as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] MX Downunder AsiaPac DevCon - http://mxdu.com/ --- You are currently subscribed to cfaussie as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] MX Downunder AsiaPac DevCon - http://mxdu.com/
