Exchange rate issues? US/UK
sweasel
Posted: Wednesday, November 04, 2009 3:00:32 AM

Groups: Member

Joined: 10/9/2009
Posts: 30
I'm a new Zazzler; an American immigrant to the UK. Most of my customer base is in the US and I have bank accounts in both the US and the UK. I can't decide whether to have my earnings paid in dollars or pounds. With the exchange rate as it is, it's tempting to bank dollars and wait for improvement. I haven't exactly made a princely sum yet, but that's all the more reason to be careful.

Any feedback from outside the US? Anyone know how and when the exchange rate is set?
Specialeetees
Posted: Wednesday, November 04, 2009 4:31:28 AM

Groups: Member

Joined: 4/22/2009
Posts: 603
You don't get the choice, all payouts are in US dollars. The easiest way to recieve payment is via PayPal. It will arrive from Zazzle in US dollars, with any currency transactions converted to US dollars at the exchange rate on the day of payout.

From there you can link your PayPal a/c to the bank account of your choice, and with the click of a button transfer your earnings to that account (takes about 3 days). No fees are incurred by using PayPal with Zazzle, either for receiving or transfering the money.

***EDIT to add, I've just re-read your post and realising that you may mean you can't decide whether to if it paid to your US or UK bank account (?)...Hmmmm well if it was me, I'd just pay it to whichever one I'd be most likely to use it, unless you are earning thousands a month the exchange isn't going to make enough difference to worry about really...just my opinion Grin
sweasel
Posted: Wednesday, November 04, 2009 4:33:51 AM

Groups: Member

Joined: 10/9/2009
Posts: 30
Perfect. Thank you -- just what I needed to know.
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