Hey. ogg
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oggbashan
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It depends on whether you are buying or selling and HOW the money is transferred.
Saturday's tourist rates:
One pound = $1.688 if you are selling to a bank; or $1.476 if you are buying.
So an item priced at £8.89 would cost $13.12 OR $15.00 BUT the charge to transfer the money could be $25.00 or less or more.
If you use PayPal to buy or to sell, there is no commission on the exchange rate which is usually a reasonable one.
Hope that helps.
Og
Saturday's tourist rates:
One pound = $1.688 if you are selling to a bank; or $1.476 if you are buying.
So an item priced at £8.89 would cost $13.12 OR $15.00 BUT the charge to transfer the money could be $25.00 or less or more.
If you use PayPal to buy or to sell, there is no commission on the exchange rate which is usually a reasonable one.
Hope that helps.
Og
Bebeslut
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Seeing I was born blond and now wear blond wigs, I'm more confused than ever!
I was just trying to figure out how much my commissions from Amazon UK store might be.
Thanks for trying.
I was just trying to figure out how much my commissions from Amazon UK store might be.
Thanks for trying.
oggbashan
Dying Truth seeker
- Joined
- Jul 3, 2002
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- 56,017
Seeing I was born blond and now wear blond wigs, I'm more confused than ever!
I was just trying to figure out how much my commissions from Amazon UK store might be.
Thanks for trying.
If they pay you monthly or quarterly, there should only be one conversion charge. If they pay you for every sale and add a conversion charge , you might only get a few cents each time.
I had 100 Australian dollars sent to me by cheque. The bank made more money in charges than I did!
Og
Weird Harold
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For a rough approximation -- until you find out what kind of conversion fees might be in effect -- just figure 1.5 * Pounds == USD. That will get you within about 10% of the amount.Seeing I was born blond and now wear blond wigs, I'm more confused than ever!
I was just trying to figure out how much my commissions from Amazon UK store might be.
Thanks for trying.
ishtat
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If they pay you monthly or quarterly, there should only be one conversion charge. If they pay you for every sale and add a conversion charge , you might only get a few cents each time.
I had 100 Australian dollars sent to me by cheque. The bank made more money in charges than I did!
Og
Og I sympathise. I generate some of my income from both the UK and the USA and the bank charges in the UK are iniquitous. Even though I have accounts in all three countries and can do EFT the UK fixed component of the charges is about 2.5 times those in Australia. US charges are about half way in between. In addition the pound has depreciated from about 38 pence to 63 against the Aussie and the $US from about 74 cents to near parity with the Aussie.
What really irks me is that some, not all UK banks put a quite low limit of 10,000 pounds on the amount which they will transfer by EFT. They then have the nerve to charge an additional manual handling fee for higher amounts!
oggbashan
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One of the charities that sends me newsletters is campaigning against the charges made by Western Union to transfer funds from one country to another, citing the case of an African, legally employed in Europe, sending money to his relations back home.
Western Union charged him 20% of what he sent.
Og
Here is the text I received:
Dear friends,
Western Union is taking critical money from the world's working poor by charging inflated predatory transfer fees, but they have never faced pressure to lower them. Let's urgently shame them to stop! Add your voice to the petition for fair fees:
This holiday season, Josh, a Kenyan student in the Netherlands, scraped together a year's worth of savings and sent it home to support 10 struggling family members. Shockingly, the giant money transfer company Western Union skimmed off 20% of the cash meant for Josh's family in fees.
Josh’s story is painfully retold every day, the world over, on a staggering scale -- an estimated $44.3 billion worldwide was taken in transfer fees last year! The World Bank recommends that transaction costs not exceed 5% of the total, but Western Union has never faced serious public pressure to lower its crippling charges.
If we unite in a global outcry now, we can expose its predatory practices and shame them to stop. Let's call on Western Union to lower its fees to 5% for the poorest countries, and when the petition reaches 250,000 we’ll deliver it to the company’s image-sensitive board of directors. Sign now and then forward this to friends and family:
https://secure.avaaz.org/en/make_giving_powerful/?vl
Contributions from workers to families across the world dwarf foreign governmental aid every year and provide a vital lifeline to the world’s poorest economies. Slashing the obscene profits of companies like Western Union would dramatically increase assistance flowing into developing countries. Instead, families around the world received far less than they deserved so that Western Union's CEO could take home $8.1 million in 2009.
The World Bank recommends that transfer companies limit fees to 5% of the amount being transferred, but some banks and companies have astronomical hidden charges. Perversely, the neediest countries coming out of war or disaster suffer the greatest losses, because of transfer companies' monopolistic privileges and exclusive deals with local banks.
Instead of sustaining lives for family members back home, the yearly savings of men and women laboring in hospitals, construction sites and restaurants end up padding Western Union's profits. The company funds charity projects to improve its corporate image – but these do nothing to hide the massive inequity that their business model perpetrates. Let's raise our voices loudly to demand a reasonable transaction fee and help bring immediate benefits to families around the world. Together we can make sure that needy families – rather than CEOs – benefit from holiday giving:
https://secure.avaaz.org/en/make_giving_powerful/?vl
When citizens around the world stand together to protest injustice, we can force back unchecked greed and inequality – as we've done together before. Buoyed by the warmth and empathy of the holiday season, let's make sure that generous gifts arrive where they're most needed.
With hope and gratitude,
Luis, Stephanie, Graziela, David, Paula, Ben, and the rest of the Avaaz team
SOURCES:
Western Union CEO's pay more than triples in 2009, Associated Press:
http://abcnews.go.com/Business/wireStory?id=10241684
Past Time for Remittance Justice, ACORN International:
https://secure.avaaz.org/remittance_justice_report
World Bank Remittance Pricing resource:
http://remittanceprices.worldbank.org/
Western Union charged him 20% of what he sent.
Og
Here is the text I received:
Dear friends,
Western Union is taking critical money from the world's working poor by charging inflated predatory transfer fees, but they have never faced pressure to lower them. Let's urgently shame them to stop! Add your voice to the petition for fair fees:
This holiday season, Josh, a Kenyan student in the Netherlands, scraped together a year's worth of savings and sent it home to support 10 struggling family members. Shockingly, the giant money transfer company Western Union skimmed off 20% of the cash meant for Josh's family in fees.
Josh’s story is painfully retold every day, the world over, on a staggering scale -- an estimated $44.3 billion worldwide was taken in transfer fees last year! The World Bank recommends that transaction costs not exceed 5% of the total, but Western Union has never faced serious public pressure to lower its crippling charges.
If we unite in a global outcry now, we can expose its predatory practices and shame them to stop. Let's call on Western Union to lower its fees to 5% for the poorest countries, and when the petition reaches 250,000 we’ll deliver it to the company’s image-sensitive board of directors. Sign now and then forward this to friends and family:
https://secure.avaaz.org/en/make_giving_powerful/?vl
Contributions from workers to families across the world dwarf foreign governmental aid every year and provide a vital lifeline to the world’s poorest economies. Slashing the obscene profits of companies like Western Union would dramatically increase assistance flowing into developing countries. Instead, families around the world received far less than they deserved so that Western Union's CEO could take home $8.1 million in 2009.
The World Bank recommends that transfer companies limit fees to 5% of the amount being transferred, but some banks and companies have astronomical hidden charges. Perversely, the neediest countries coming out of war or disaster suffer the greatest losses, because of transfer companies' monopolistic privileges and exclusive deals with local banks.
Instead of sustaining lives for family members back home, the yearly savings of men and women laboring in hospitals, construction sites and restaurants end up padding Western Union's profits. The company funds charity projects to improve its corporate image – but these do nothing to hide the massive inequity that their business model perpetrates. Let's raise our voices loudly to demand a reasonable transaction fee and help bring immediate benefits to families around the world. Together we can make sure that needy families – rather than CEOs – benefit from holiday giving:
https://secure.avaaz.org/en/make_giving_powerful/?vl
When citizens around the world stand together to protest injustice, we can force back unchecked greed and inequality – as we've done together before. Buoyed by the warmth and empathy of the holiday season, let's make sure that generous gifts arrive where they're most needed.
With hope and gratitude,
Luis, Stephanie, Graziela, David, Paula, Ben, and the rest of the Avaaz team
SOURCES:
Western Union CEO's pay more than triples in 2009, Associated Press:
http://abcnews.go.com/Business/wireStory?id=10241684
Past Time for Remittance Justice, ACORN International:
https://secure.avaaz.org/remittance_justice_report
World Bank Remittance Pricing resource:
http://remittanceprices.worldbank.org/
Last edited:
Bebeslut
Literotica Guru
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I wonder if I might get off better by just letting the UK account build until it is some significant amount, say US $2,000 (assuming I ever sell that much).
By the way, I am selling more copies of the public domain poker book than I am of Dirty, Sexy Girls. LOL!
By the way, I am selling more copies of the public domain poker book than I am of Dirty, Sexy Girls. LOL!
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