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March 15th, 2011, 02:06 AM #1International Direct Deposit
International Direct Deposit
Why U.S. affiliate networks send USD commission requiring currency exchange to recipient's local currency ?
Is the currency exchange the only option provided by the bank ?
or depends on the decision of the senders ?
The exchange rate is very bad and
i cannot keep the fund in USD too.
Please let me know if this is a norm in US banks.
March 15th, 2011, 08:53 AM #2
If I receive a check from outside the US my bank charges me to convert the check to US currency. There is a cost to converting currency whether it is done on your end or at the sender's end.
March 15th, 2011, 09:25 AM #3
>> There is a cost to converting currency whether it is done on your end or at the sender's end.
Yes, but the exchange rate from USA is very bad.
The bigger the amount of money, the more i lose on the exchange rate.
If i exchange it myself at my (receiving) bank, the exchange rate is much much better in my country.
So "pay by local currency" is the reason keep me selecting paper cheque withdrawal, even though it is much slower and subject to postal lost.
Besides, there are cases that the affiliates wish to use USD fund anyway.
So the affiliates have to convert again that local currency back into USD.
Two ways exchange lost !
So i wish all affiliate networks send USD fund direct to all countries.
Last edited by Vrindavan; March 15th, 2011 at 09:30 AM.
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