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Originally Posted by rowan
Question is... how are you going to absorb the conversion losses? If you bill in USD and pay out in EUR then the conversion risk moves from the affiliate to the program.
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If the product is billed in ?, then its payout will be in ?
If the product is billed in $, then its payout will also be in ?, which can/will be adjusted if the ?/$ conversion value moves higher/lower. Like the good old dialer days
Of course once the ? are sent, then the "risk" or "benefit" (conversion rates can also be positive

) is transfered to the affiliate. But that is not new to any affiliate who have received payouts in a different currency than his local currency.