Don't forget that you get the "ask" side of the exchange rate when you buy
and the "bid" side of the exchange rate when you sell. Even if the exchange
rate did not move at all in the interim you would lose money on the
transaction.
My experience has been that credit card companies give poor rates on
foreign exchange. For a larger purchase, you might want to shop around for
the best deal.
Daniel
-----Original Message-----
From: Larry and Sandi Miller [SMTP:millerls@email.msn.com]
Sent: Wednesday, September 30, 1998 3:15 PM
To: Spridgets
Subject: Tidbit On UK Orders
When you order via credit card from the UK they bill the credit card in ?'s
and You get billed by the credit card company in $'s at the current
exchange
rate.
If you send it back, the company refunds your credit card in ?'s and the
credit card company refunds you in $'s at the current exchange rate. You
can
lose or gain money. I lost on the deal because the ? went up against the $
between charge and refund.
This was with AHSpares and I would guess they all do it the same way.
Larry Miller (bugiiis@yahoo.com or millerls@msn.com)
59 Bugeye (Being Painted, Building Wiring Harness)
59 Bugeye "BUGIIIS" (948, 5-Speed,1-Wire Alternator, and still Willie
Nelson)
78 911 SC (Faster than a Bugeye but not as much fun)
Home Page http://members.xoom.com/bugiiis
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