View Poll Results: Non USD/EUR affiliates - Currency

Voters
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  • USD/EUR - Check

    4 20.00%
  • USD/EUR - Transfer

    8 40.00%
  • Local currency - Check

    1 5.00%
  • Local currency - Transfer

    6 30.00%
  • Other - Please specify.

    1 5.00%
Results 1 to 19 of 19
  1. #1
    Newbie
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    January 18th, 2005
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    Hi All,
    One important question for non USD/EUR country affiliates:

    In which currency do you prefer to be paid and how?

    Thanks a lot

  2. #2
    ABW Ambassador Vrindavan's Avatar
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    Question

    It is a better exchange rate at my own bank,

    so why request to be paid in local currency?

    i think diy currency exchange is a better deal.

    http://8n.nu

  3. #3
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    For exemple, we can offer
    3 USD per sale
    11.500 MYR per sale
    100 TWD per sale,
    etc.... and you choose between all that currencies.
    If you select 3 USD and you are in Taiwan, you will have to change it (if the stock exchange a great, it is better for you), and probably you will have to pay some currency exchange fees, some transfer fees, etc...

    Because it is not Euro, when I receive money from a foreign bank in my french bank, I have to pay some transfer fees (15 euro).

  4. #4
    ABW Ambassador Vrindavan's Avatar
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    Norvi :
    not stock exchange ? unrelated ?

    you mean the transfer fee apply only if
    the money is not in your local currency ?

    I do not have to pay additional fee to the bank
    for international money transfer.

    What i do know is the merchant or the network
    currency exchange rate is very bad.

    i better get USD(or the original payment currency)
    and exchange the money my self.

    http://8n.nu

  5. #5
    Newbie
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    January 18th, 2005
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    Vrindavan,
    I don't want to exchange the money for you.
    Exemple:
    You are a taiwanese webmaster, leaving in Taiwan , you go to my website, you select the taiwan language to display the pages in taiwanese, then you click on Affiliation (in taiwanese), do you prefere to see that we offer 100 TWD per sale or 3 USD per sale.

    So if you select 100 TWD, and you make 100 sales, you will receive a commission of 10,000 TWD (so exchange for nobody, we will transfer you directly 1,000 TWD in your account)

    But is you select 3 USD, we will transfer you 300 USD. So you will have to change it in your account currency.


    My problem is a question of choice, we can offer to all our affiliates a fix commission in USD, or we can offer to all our affiliates a fix commission in their local currency.

  6. #6
    ABW Ambassador Vrindavan's Avatar
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    Norvi

    i understand your point now.

    Most websites do international shipping charge USD only to the customers.

    Some websites do international shipping offer multi-currency option to the customers.

    As an affiliate, i will refer buyers from everywhere to the merchant site.

    Example,
    in the end, my refer sales is
    5000 USD
    2000 Euro
    3000 C Dolars
    10000000 Japanese Yen

    Suppose i am based in japan,
    i still prefer you just pay all the sales in USD.

    A Japanese Webmaster cannot guarantee all his traffic is from Japan and make sales transaction in Yen.

    Then in multi-currency merchant case,
    i guess US and Asian based webmasters prefer round up all commission to USD.

    European based webmasters may prefer to get it in Euro.

    If the merchant accept one currenct only.
    commission also pay out in that original currency can give the webmaster freedom to convert the money or not, and save the exchange rate.

    Thus, i expect to get USD from US programs
    pounds from UK programs,
    C Dollars from Canadian programs,
    Euros from French programs etc.

    http://8n.nu

    [This message was edited by Vrindavan on February 04, 2004 at 01:34 AM.]

  7. #7
    Newbie
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    January 18th, 2005
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    Hi,
    We are using multiple currencies for our products, but a product sold in Japan, can be in YEN and USD.

    The currency of our product is not important (we sell product all around asia, in all currencies), we will not give a percentage on the total price, but a commission per product level (each level, can regroup different product in different countries with different currencies - Local currency and/or USD).


    Exemple:

    USD TWD
    Level 1: 5 80*
    Level 2: 2 30*
    Level 3: 2 30*

    (*fake exchange rate )

    So if 100 level 1 sales came from your site, you receive 500 USD if you select the USD program, or 8000 TWD tor the TWD program.

    But you will not receive 250 USD and 4000TWD.

    Or perhaps we will offer only USD, but I want to know in this case, what is the most interesting for affiliates.

  8. #8
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    I'd prefer to be paid in my own currency always because that eliminates bank charges for cashing foreign denomination cheques and fluctuations in currency rates. It's also easier to see what you're actually earning on a daily basis.

    Search Engine Marketing and Positioning - 1 Design 4 Life

  9. #9
    ABW Ambassador Vrindavan's Avatar
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    <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> fluctuations in currency rates <HR></BLOCKQUOTE>

    There is fluctuations in currency rates
    no matter what option you choose.

    You cannot fixed the world currency exchange rates.

    http://8n.nu

  10. #10
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    While that is, of course, true Vrindavan - I would have thought that if an affiliate network is offering, say, £5 per sale for each sale; they ain't going to change it to £4.98 per sale one day then £4.97 the next if there's a slight change in the market.

    Search Engine Marketing and Positioning - 1 Design 4 Life

  11. #11
    ABW Ambassador Vrindavan's Avatar
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    markymark

    this happen before, but not as you say daily

    all cj uk programs are quoted by USD.
    some programs do need to adjust the rate because USD going up or going down

    But this problem is not relate to the thread question.

    In summary, i prefer the commission payment currency match the original online transaction currency, not expect the merchant or advertiser do the currency conversion for me.

    http://8n.nu

  12. #12
    Newbie
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    "In summary, i prefer the commission payment currency match the original online transaction currency"

    But if their is different products, sold in different countries, in different currencies.

    Exemple:
    Product A: 150 USD
    Product B: 2000 THB

    The product A will not be sold in THB, and the product B will not be sold in USD.

    So I can offer:
    For both products, 5 USD per sale, or 120 THB per sale.
    If you choose option 1 (in USD), and a customer buy the product B, so you will get paid 5 USD, but if you choose the option 2 (Thai bath), you will get paid 120 THB.

    Actually customer cannot order product A and B during the same buying process.

    It cannot depend on the transaction currency, because it will always be different (that why we will offer flat commission and not percentage).

    Is my solution more interesting, or do you still prefer get paid in USD only.

  13. #13
    ABW Ambassador Vrindavan's Avatar
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    USD and THB

    still prefer get paid in USD only

    http://8n.nu

  14. #14
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    Ok, because your not in Thailand. THB was just an exemple, if you are Chinese it woulb be RMB, Taiwanese, TWD, Australian AUS, etc... depending on your location, or USD...

  15. #15
    ABW Ambassador Vrindavan's Avatar
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    Where i based do not affect the decision.

    Still prefer USD ( in your special situation involving the possibility of selling products in different currencies )

    http://8n.nu

  16. #16
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    I would prefer my local currency which is sterling /cable/ pounds but most internet transactions are in dollars. Today, the wonderful old Bank of England shoved up interest rates here a bit more thus increasing the relative merits of the pound against the dollar which is seriously impacting earnings for UK based affiliates.

    It's particularly irritating paying Google for AdWords in pounds and then getting paid by Google in dollars for AdSense revenues!

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  17. #17
    Outsourced Program Manager Chris -  AMWSO's Avatar
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    Money Transfer would be good, instant cash that day, in your local currency, Western Union style.

    Of course there are costs to consider with this but for people overseas, pay $30to get $250 today, or wait a week for a cheque to arrive, pay $20 to cash it and wait 3 weeks for it to clear... I'd be paying $20

    Cheers

    chris


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  18. #18
    ABW Ambassador Vrindavan's Avatar
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    Chris - WSO :

    Money Transfer is not cheap.
    I would rather pay that $20 to the merchant to wire the USD to my bank account, if the merchant require the affiliate to bear the cost.

    There is no additional cost to accept foreign dd, and the cost to cash USD checks is very cheap locally, i mean very cheap.

    My only complain is "check errors and mistakes" are too much. The person who prepare the checks is not careful.
    Result, i have to mail the check back and beg for a new one to me.

    http://8n.nu

  19. #19
    ABW Ambassador Vrindavan's Avatar
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    <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> paying Google for AdWords in pounds <HR></BLOCKQUOTE>

    why they are not charging USD ?
    Google is a US company.

    Are you talking about Google UK version ??

    http://8n.nu

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