Saturday, March 24, 2012

Amazon currency conversions

Interesting i just noticed that Amazon are now doing currency conversions eg they will bill you in a local currency eg i just bought something on my Australian credit card so they showed the total including shipping in $A. (but give you the option to proceed in $US)

I checked the rate and it was better than visa normally deliver via ANZ so why not.

Considering the volume of transactions they do each day it totally makes sense Amazon would have a currency desk and collect the few percent that would normally go to the banks....good for them in eeking out every profit point there is to make on a transaction.


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