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I've read, in several places, that it's usually best to list prices and take payment in U.S. currency, since this is where most of the orders will come from. The link exchanges I'll arrange, and web rings I'll have her on will most likely be 99% U.S. sites
Any thoughts on this, and what's involved with selling online with American/Canadian currency?
Personally I would not charge/quote anything other than US funds. This certainly seems to be accepted as the universal currency of the internet and is also less volatile in the FX market.
I made the mistake of quoting a job recently for a fellow Aussie in Australian Dollars when the rate was .66 to US. It is now .51; I lost. Never again.
I would advise your client to quote US prices.
On the other hand everybody knows that the Canadian dollar ain't worth the paper it's printed on which does encourage some cross border shopping because there is the perception that buying from Canada is cheaper.
Still - I would recommend US dollars.
Canadian money does have one advantage over US, it is much more colorful:)
Air, that's important, these are crafts sites - LOL.
woz, you stopped me just in time! I was about to send off an email telling her how much, and I will have to count on my fingers to give her the Canadian price also, so she doesn't misunderstand. I do know that PSP7 is $109 US and about $160 or so Canadian, so I could have taken a major beating, even though it's a tiny site.
I just this morning heard from a crafter friend who's in Canada, and 99.5% of her sales are in the U.S. - all from link exchanges and webrings. She gets no search engine traffic, which is why she wrote. She lives a half hour from the border, so she's got an American bank account.
oilman, I will insist that she go with U.S. prices or I won't do her site.
Thanks for the feedback, it's all settled!
when the bank receives the customers credit card it is automatically charged at the accurate currency difference.
your client may want to work in canadian dollars because of how she/he has their accounting/inventory system set up. it could be a real problem for them to change it into U.S dollars.