[identity profile] crocdragon89.livejournal.com posting in [community profile] artists_beware
So, I recently had a client asking me to send a money request in his currency, I think so he wouldn't get charged the fees? Is this proper? Or is it more proper for me to accept his request and do it? I only accept USD, and that is in my TOS. Technically, I would still be getting payment in my currency, but only AFTER I change it back to USD, which would in turn take out a chunk of what the client paid me. So am I in the wrong for not wanting to convert the money to his country's? I'm not certain, and that's why I would like some advice on what I should do.

EDIT 4/9/14: I want to clarify that yes, all of my transactions are done through Paypal. And thank you all very much for the advice! This has helped me out a ton, and I will let the client know that from now on when he goes to commission me, if he does, the currency must be USD only! 

Date: 2014-04-09 11:02 pm (UTC)
From: [identity profile] hendikins.livejournal.com
Essentially they're trying to pass the risk of exchange rate fluctuations (and the currency conversion fees) on to you.

Your TOS says USD, they pay USD. End of story.

Edit: And to those saying PayPal has no fees on currency conversion, their rates include a commission of a couple of percent. As an example, at the time of writing 1AUD gets 0.93344USD at raw MasterCard rate or 0.911923USD through PayPal.
Edited Date: 2014-04-09 11:11 pm (UTC)

Profile

artists_beware: (Default)
Commissioner & Artist, Warning & Kudos Community

December 2017

S M T W T F S
      12
3456789
10 11 1213141516
17181920212223
24252627282930
31      

Most Popular Tags

Style Credit

Expand Cut Tags

No cut tags
Page generated Jun. 27th, 2025 06:50 pm
Powered by Dreamwidth Studios