*JMHO* - to be taken with a grain of salt!
How close are you to the usa to either set up an account at a us bank or 2 paypal accounts, one for us dollars and one for canadian dollars?
You are not permitted to charge extra in Canada for the buyer to use paypal.
You are not permitted to charge extra in Canada for the buyer to use paypal.
I'm confused, when you receive a payment in Canadian Dollars why do you think you have to convert it to US Dollars?
I receive Canadian Dollar Payments and withdraw the funds directly to my Canadian bank account.
And what's with the ATM how does that enter the picture?
Please explain.
Ben
"What else could I do? I had no trade so I became a peddler" - Lazarus Greenberg 1915
I receive Canadian Dollar Payments and withdraw the funds directly to my Canadian bank account.
And what's with the ATM how does that enter the picture?
Please explain.
Ben
"What else could I do? I had no trade so I became a peddler" - Lazarus Greenberg 1915
Surcharges
http://pages.ebay.com/help/policies/listing-surcharges.html
Sellers may not charge eBay buyers an additional fee for their use of ordinary forms of payment, including acceptance of checks, money orders, electronic transfers or credit cards. Such costs should be built into the price of the item-this policy reduces the potential for confusion among bidders about the true cost of an item. Further, some forms of payment surcharges, such as credit card surcharges, are forbidden under the laws of many states, including California.
Can a seller add a surcharge to the final price of an eBay item? Yes, in three instances:
* Sellers may charge a reasonable shipping and handling fee to the final price of their item, providing that this fee is disclosed in the listing. A shipping and handling fee can cover the seller's reasonable costs for mailing, packaging and handling the item. Shipping and handling fees cannot be listed as a percentage of the final sale price.
* Sellers may pass along the costs associated with using escrow, if the buyer chooses to use escrow. Use caution when considering escrow. To avoid being deceived by fraudulent escrow services, use www.escrow.com, eBay's approved escrow service.
* Sellers may choose to accept payment in a different currency than the currency listed on eBay. If the buyer chooses to take advantage of this optional payment method, the seller may pass along to the buyer any costs associated with the currency exchange, provided that the costs are disclosed and agreed to in advance by the buyer.
Note: Some types of payment surcharges are permitted on some of eBay's international sites.
http://pages.ebay.com/help/policies/listing-surcharges.html
Sellers may not charge eBay buyers an additional fee for their use of ordinary forms of payment, including acceptance of checks, money orders, electronic transfers or credit cards. Such costs should be built into the price of the item-this policy reduces the potential for confusion among bidders about the true cost of an item. Further, some forms of payment surcharges, such as credit card surcharges, are forbidden under the laws of many states, including California.
Can a seller add a surcharge to the final price of an eBay item? Yes, in three instances:
* Sellers may charge a reasonable shipping and handling fee to the final price of their item, providing that this fee is disclosed in the listing. A shipping and handling fee can cover the seller's reasonable costs for mailing, packaging and handling the item. Shipping and handling fees cannot be listed as a percentage of the final sale price.
* Sellers may pass along the costs associated with using escrow, if the buyer chooses to use escrow. Use caution when considering escrow. To avoid being deceived by fraudulent escrow services, use www.escrow.com, eBay's approved escrow service.
* Sellers may choose to accept payment in a different currency than the currency listed on eBay. If the buyer chooses to take advantage of this optional payment method, the seller may pass along to the buyer any costs associated with the currency exchange, provided that the costs are disclosed and agreed to in advance by the buyer.
Note: Some types of payment surcharges are permitted on some of eBay's international sites.
@Shamrock
Just add your Canadian Dollar bank account to your PyaPal profile. You can then transfer Canadian Dollars directly, it takes 2 - 4 days depending on your bank and is treated just like any other direct deposit.
For the US Dollars you either accept PayPal poorer exchange rate, spend the money in US Dollars using the debit card or paying your eBay fees (If your fees are charged in US Dollars) or best, set up an actual US based account (not a Canadian account in USD), transfer the funds from PayPal and use a third party exchange service (xe.com etc.) to convert to Canadian and deposit in your Canadian bank account.
Ben
"What else could I do? I had no trade so I became a peddler" - Lazarus Greenberg 1915
Just add your Canadian Dollar bank account to your PyaPal profile. You can then transfer Canadian Dollars directly, it takes 2 - 4 days depending on your bank and is treated just like any other direct deposit.
For the US Dollars you either accept PayPal poorer exchange rate, spend the money in US Dollars using the debit card or paying your eBay fees (If your fees are charged in US Dollars) or best, set up an actual US based account (not a Canadian account in USD), transfer the funds from PayPal and use a third party exchange service (xe.com etc.) to convert to Canadian and deposit in your Canadian bank account.
Ben
"What else could I do? I had no trade so I became a peddler" - Lazarus Greenberg 1915
So Ben, go ahead accept US$'s and eat the exchange transfer at some point if you think it is wise. I want to be paid in Cdn's with the buyer paying the highest exchange possible for my benefit, not for some bank to make the spread.
Well I list on .com and over 95% of my sales are outside Canada so It's impossible not to collect a lot of US Dollars. Most of my Canadian buyers, the few that I have, pay in US Dollars even though I offer a Canadian Dollar equivalent with a favourable (for the buyer) conversion rate. Of course I prefer to receive credit card payments (via my own merchant accounts) that way I can convert to Canadian (I use the Bank of Canada Noon rates)at the best possible rate.
It would be great to sell only in Canadian Dollars but I think it's better to use US Dollars which is the standard currency for most of my buyers and my product catagory.
Ben
"What else could I do? I had no trade so I became a peddler" - Lazarus Greenberg 1915
Well I list on .com and over 95% of my sales are outside Canada so It's impossible not to collect a lot of US Dollars. Most of my Canadian buyers, the few that I have, pay in US Dollars even though I offer a Canadian Dollar equivalent with a favourable (for the buyer) conversion rate. Of course I prefer to receive credit card payments (via my own merchant accounts) that way I can convert to Canadian (I use the Bank of Canada Noon rates)at the best possible rate.
It would be great to sell only in Canadian Dollars but I think it's better to use US Dollars which is the standard currency for most of my buyers and my product catagory.
Ben
"What else could I do? I had no trade so I became a peddler" - Lazarus Greenberg 1915
Malcolm
Of course it's small, perhaps between 2 and 3 points, don't know about you but I feel it's worth making a little effort to save a couple of thousand dollars a year.
Must be a nice lunch if you're spending that much.
Ben
"What else could I do? I had no trade so I became a peddler" - Lazarus Greenberg 1915
Of course it's small, perhaps between 2 and 3 points, don't know about you but I feel it's worth making a little effort to save a couple of thousand dollars a year.
Must be a nice lunch if you're spending that much.
Ben
"What else could I do? I had no trade so I became a peddler" - Lazarus Greenberg 1915
