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

[Bob Nielsen]

I wonder about that.  My wife bought something in a shop in Oxford a few years back.  They rang  up the credit card sale in US dollars, but the exchange rate used was a bit low PLUS the card company still added a fee for it being a foreign transaction.  I compared it to some purchase in GBP and he foreign exchange charge would have been a better deal at the time (although the banks seem to have increased these fees lately).

It also might result in some additional charges to Elecraft, resulting in higher list prices.

On Aug 30, 2010, at 4:06 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.