on 03-30-2021 01:53 PM
I have to register for Managed Payments by April 29th. I list my items on Amazon.com, will I still be able to continue doing so or will I have to transfer my listings to .ca?
Be very cautious and ask your bank before you do anything.I too list on .com and list in US dollars. I also received my MP notice yesterday.I deal with 3 different larger Canadian banks and all 3 have told me that they will do the transfer in US dollars and will charge 3% as a currency exchange fee but they also want $15.00 per transaction !!!!. That certainly isn't going to happen so looks like I am going to be busy setting my listings up on the .CA side.
@al_miniridesI don't think your bank will see the money in $US, it will be changed into $C by ebay/Ayden and they will charge the 3% for the conversion. Did you happen to ask your bank what would happen in you had a $US bank account at their bank? Would they directly deposit the US funds into your US$ account? I haven't heard if that work or not but apparently in the future ebay will be willing to deposit US funds into a US$ bank account.