european/international webmasters spending USD on credit cards - GoFuckYourself.com

Hal · 03-01-2005, 07:49 AM

My tip of the day:

Visa and MasterCard charge you 2.75% comission everytime you buy in USD. This isn't set by your bank, this is a charge levied by Visa and MasterCard themselves.

Just spending $2000 a month on hosting/content/ppc traffic etc will cost you $660 a year if you pay using any type of Visa/MasterCard.

I always used to think... its cool... I am raking in the Air Miles but this is bullshit. I prefer the savings and have recently started consolidating many credit card transactions into monthly or bi monthly wire transfers and it is saving me a shit load...

Of course an alternative is to get a credit card that charges in USD. I know Citibank UK can do that.

polish_aristocrat · 03-01-2005, 07:50 AM

a single wire transfer takes like $30, so whats the point in it?

DutchTeenCash · 03-01-2005, 07:51 AM

wire 12 months upfront, easy and no ridiculous costs

DutchTeenCash · 03-01-2005, 07:51 AM

Quote:

Originally Posted by polish_aristocrat

a single wire transfer takes like $30, so whats the point in it?

exactly glad someone understands

tungsten · 03-01-2005, 07:54 AM

Quote:

Originally Posted by polish_aristocrat

a single wire transfer takes like $30, so whats the point in it?

i guess he overlooked this one..

LasseKongos · 03-01-2005, 07:54 AM

I dont pay a shit in comission

KraZ · 03-01-2005, 07:56 AM

Quote:

Originally Posted by thinkx

exactly glad someone understands

Hmm, my Visa is in US so I guess I already "save" a ton.

Dirty Dane · 03-01-2005, 07:57 AM

Get the best bank deal, and you save the costs.
I'm paying an one year fee, about 40$, and there are no extra hidden costs, no matter how many or big the transactions are.

Hal · 03-01-2005, 08:00 AM

I understand a wire also costs money but for big transactions it is still worth it. My bank also does some cheap wires that take longer.

Hal · 03-01-2005, 08:04 AM

and of course it depends on how big the transaction is...

I was just pointing out anyone who spends USD on a non USD credit card gets charged 2.75% on the conversion and most of the time it won't even appear on your statement. It will give the USD amount and the 2.75% will just be added onto the amount charged in your local currency.

BabeHunter · 03-01-2005, 08:08 AM

I have a USD account and all my USD transactions are charged from that account

so no comission

if i would have charged my local currency card that i would only pay a ridiculous exchange rate but still no comission

emthree · 03-01-2005, 08:51 AM

I pay 4% factoring fees on all earnings + wire fees
The convenience plus the ontime payments are well worth it. It does however hurt in the long run, when you add it all up. I could buy alot of nice things with what I pay in fees alone.

So you guys really arent that bad off

yuvalus · 03-01-2005, 09:21 AM

OR move to Amex

03-01-2005, 07:49 AM	#1
Hal Confirmed User Join Date: Mar 2002 Location: London, UK Posts: 768	european/international webmasters spending USD on credit cards My tip of the day: Visa and MasterCard charge you 2.75% comission everytime you buy in USD. This isn't set by your bank, this is a charge levied by Visa and MasterCard themselves. Just spending $2000 a month on hosting/content/ppc traffic etc will cost you $660 a year if you pay using any type of Visa/MasterCard. I always used to think... its cool... I am raking in the Air Miles but this is bullshit. I prefer the savings and have recently started consolidating many credit card transactions into monthly or bi monthly wire transfers and it is saving me a shit load... Of course an alternative is to get a credit card that charges in USD. I know Citibank UK can do that.

03-01-2005, 07:50 AM	#2
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	a single wire transfer takes like $30, so whats the point in it? __________________ I don't use ICQ anymore.

03-01-2005, 07:51 AM	#3
DutchTeenCash I like Dutch Girls Join Date: Feb 2003 Location: dutchteencash.com Posts: 21,684	wire 12 months upfront, easy and no ridiculous costs __________________ ICQ 16 91 547 - SKYPE dutchteencash bob AT dutchteencash DOT com ... did you see our newest Sweet Natural Girl Priscilla (18)?

03-01-2005, 08:08 AM	#11
BabeHunter Webmaster Industry Role: Join Date: Oct 2001 Location: 2nd door on the left Posts: 4,063	I have a USD account and all my USD transactions are charged from that account so no comission if i would have charged my local currency card that i would only pay a ridiculous exchange rate but still no comission __________________ Yep

03-01-2005, 08:51 AM	#12
emthree Dialer Kingpin Join Date: Jun 2003 Location: New York Posts: 10,816	I pay 4% factoring fees on all earnings + wire fees The convenience plus the ontime payments are well worth it. It does however hurt in the long run, when you add it all up. I could buy alot of nice things with what I pay in fees alone. So you guys really arent that bad off __________________ • Sell Patches & Pills •

03-01-2005, 07:54 AM	#6
LasseKongos Confirmed User Join Date: Aug 2003 Posts: 4,668	I dont pay a shit in comission

03-01-2005, 07:57 AM	#8
Dirty Dane Sick Fuck Industry Role: Join Date: Feb 2004 Location: www Posts: 9,491	Get the best bank deal, and you save the costs. I'm paying an one year fee, about 40$, and there are no extra hidden costs, no matter how many or big the transactions are.

03-01-2005, 08:00 AM	#9
Hal Confirmed User Join Date: Mar 2002 Location: London, UK Posts: 768	I understand a wire also costs money but for big transactions it is still worth it. My bank also does some cheap wires that take longer.

03-01-2005, 08:04 AM	#10
Hal Confirmed User Join Date: Mar 2002 Location: London, UK Posts: 768	and of course it depends on how big the transaction is... I was just pointing out anyone who spends USD on a non USD credit card gets charged 2.75% on the conversion and most of the time it won't even appear on your statement. It will give the USD amount and the 2.75% will just be added onto the amount charged in your local currency.

03-01-2005, 09:21 AM	#13
yuvalus Confirmed User Join Date: Oct 2003 Posts: 1,906	OR move to Amex