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Old 05-10-2009, 12:40 AM
MikeFisher MikeFisher is offline
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Join Date: Feb 2006
Posts: 3,191
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no Hun,
my very most customers come from the outside, the dominican regulars of mine are anyways cash clients to get their 'best rate'.
my latest notice about the american merchant accounts(it was last summer when i checked for the last time) been that you need an american business bank account to do so, in such case of course US taxes would apply.
i used for 3 years a swedish provider which sorrily closed it's doors 2 years ago, they comfortably paid the incoming money on my dominican dollar account, so for me with mostly american and canadian clients that been very convenient in case of exchange rates.
currency exchange rates and transfer fees can really suck, that's right, i saw that this month again running the german big game championship here at the Marina, of course all participants are germans with german euro accounts, and of course they used the transfer fee free option to pay all to my german bank account, so the transfer fees and also exchange rates over here to my dollar account been a factor, i've been lucky that the euro strengthened a good bit during the process so i could cover the transfer fees, could also have been the opposite, been just luck.
but to see how much less the euro is worth here compared to it's real value against the dollar it was not worth to send the money on a dominican euros account and exchange in pesos then.
an other option for good exchanged transfers would be to use a american account with a debit card to it, so you can take the PayPal money to there for free and use the money with the debit card here everywhere in shops or take it out of ATM's for a good exchange rate without transfer fees, but such is of course only useful as long as you don't plan to move larger amounts of money that way.
i would happily install a merchant on my website which gives me the possibility to get that money transfered/credited on my dominican pesos or better dollar account.
i could imagine that on such way a good bunch of taxes would also come in the gubmin's pocket, what we get by credit cards runs automatically throu DGII and shows up on our monthly tax statements and the local banks would get much more money to move.
Mike
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