Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

I bought something for $50, but my Visa bill says $51. Whats with that?

bought Visa
0
Posted

I bought something for $50, but my Visa bill says $51. Whats with that?

0

We are in Canada, and can only bill through the credit card system in C$, not US$. Our site now simply shows $ prices because most people worldwide are used to comparing prices in that currency, and about 95% of our business is exported outside of Canada, so this only makes sense, as few people outside of Canada know the value of our dollar. Generally, if the currencies are within a few percent of par, we absorb the difference, and your bill will be in C$ at the exact number shown. When the C$/US$ split becomes too wide (greater than 5%), we will apply the current exchange to US$ for export sales, and you will still see the correct amount on your Visa bill, but the physical slip will look a bit bigger due to our lower exchange rate for C$. Our Visa/MC is always done in C$, however, for clarity. Credit Card companies have their own exchange rates that are typically 3% higher than world bank rates, and when they convert our C$ charges to your US$ account, there is inevitably some minor f

0
0

We are in Canada, and can only bill through the credit card system in C$, not US$. Our site now simply shows $ prices because most people worldwide are used to comparing prices in that currency, and about 95% of our business is exported outside of Canada, so this only makes sense, as few people outside of Canada know the value of our dollar. Generally, if the currencies are within a few percent of par, we absorb the difference, and your bill will be in C$ at the exact number shown. When the C$/US$ split becomes too wide (greater than 5%), we will apply the current exchange to US$ for export sales, and you will still see the correct amount on your Visa bill, but the physical slip will look a bit bigger due to our lower exchange rate for C$. Our Visa/MC is always done in C$, however, for clarity. Credit Card companies have their own exchange rates that are typically 3% higher than world bank rates, and when they convert our C$ charges to your US$ account, there is inevitably some minor f

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123