i pay for software updates and hosting in usd. yes bank charges me a conversion fee on this. and they charge gst on that conversion fee.
when i pay in foreign currency through paypal, it gives me two options... i can pay using their conversion rate or i can pay using my bank's conversion rate.
has anyone calculated which is cheaper generally speaking? i also wonder if gst would be applied by paypal on these currency conversion. i am guessing not because the transaction is processed by their international division? 18% gst on conversion charges by bank might push it ahead of paypal's own conversion charges? annoying stuff.
This website uses affiliate links. This means that if you click on a link and make a purchase, we may receive a commission. This does not affect the price you pay for the product.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.