[Elecraft] OT: following Amazon's lead regarding FOREX fees on international orders by cc

[Joe Subich, W4TV]

 > If Elecraft could get their cc processing company or bank to quote
 > sale prices in the leading currencies by customers' transaction
 > volume, folks would save thousands.

In general all that does is move the forex exchange fee from the
customer to the vendor or the credit card processing application
builds the merchant's forex conversion cost into the quoted price.

Most consumers can save on forex by shopping for a credit card with
the lowest conversion margin ... US based cards will range from as
little as 0.5% to more than 3%.  When my son first went to school
in VE we picked up a card for him with no margin on conversion
(unfortunately it is no longer available).

73,

    ... Joe, W4TV


On 8/30/2010 7:06 PM, Chris Wagner wrote:
> Hello Guys
>
> a fair share of K3s and other kits are sold overseas. The buyers' credit
> cards are denominated in some other currency like GBP, AUD or EUR.
> Henceforth, their bank often charges up to 2% for the currency conversion.
> On a $ 2,500 order that's $ 50!
>
> If Elecraft could get their cc processing company or bank to quote sale
> prices in the leading currencies by customers' transaction volume, folks
> would save thousands. Amazon is doing it... When their computer noticed me
> entering a UK cc, they offered to pay in GBP.
>
> Vy 73 de Chris (I spent over $ 250 on such FOREX charges over the years)
> 760 820 4980