> he wants to show the prices in US$ but collect the money in $AU. Brett, The real issue: if you advertise prices in USD on your site, you must charge *exactly* that amount in USD so that customers with USD-denominated credit cards will see exactly that amount reflected in their credit card statements. To achieve that you must have a merchant account based in USD, otherwise currency conversion will automatically kick in and what the customers expect to pay won't match what is shown on their statements and there'll be no end of complaints. You will either have to go through a foreign payment gateway or sign up for one of those "proxy merchants" who channel the funds through their own USD merchant account and then pay you back offline (less their charges and after making your money work for them for a few weeks). Or you can use PayPal, if your client doesn't mind the perception issue of not having their own facilities.
While some banks in Australia do offer foreign currency accounts, they tend to be investment accounts and not business accounts. I know of no Australian bank offering USD merchant accounts, so you don't have an easy way of moving money from the web to your bank without passing through currency conversion. If he's already operating in AUD, I would suggest just keep it going that way, and perhaps provide a currency converter tool so people can estimate what they have to pay in their local currency. See xe.com > Free tools for your site. Regards: Ayudh +--------------------------------------------------------------+ | Put money in your bank while you're on the road. | | Secure credit card payment by SMS messaging. | | VeriPay mPOS from Xilo Online: http://www.xilo.com/mpos | +--------------------------------------------------------------+ ----- Original Message ----- From: "Brett Payne-Rhodes" <[EMAIL PROTECTED]> To: "CFAussie Mailing List" <[EMAIL PROTECTED]> Sent: Monday, July 14, 2003 12:15 Subject: [cfaussie] US$ 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/
