Huge Verotel News - GoFuckYourself.com

Shoplifter · 03-07-2005, 04:52 PM

In an email just now:

"1. Multi-currency
Starting today, you can DIRECTLY bill in any of
eight supported currencies with Verotel. That
means that you can charge not only in US DOLLAR,
but also in EURO, BRITISH POUND, NORWEGIAN KRONER,
SWEDISH KRONOR, DENMARK KRONER, SWISS FRANC and
CANADIAN DOLLAR.

People in these areas are used to pay more for
their products and services, including subscription
to content websites. If you allow European users
to be billed in their local currency, you can easily
make more money! "

It looks like they have re-done everything there.

eMonk · 03-07-2005, 04:53 PM

great news...

tony286 · 03-07-2005, 04:53 PM

or less money depending on how the dollar is doing

chemicaleyes · 03-07-2005, 04:59 PM

Nice, good news.

OzMan · 03-07-2005, 05:00 PM

this is good news indeed

Webby · 03-07-2005, 05:02 PM

Quote:

Originally Posted by Shoplifter

In an email just now:

"1. Multi-currency
Starting today, you can DIRECTLY bill in any of
eight supported currencies with Verotel. That
means that you can charge not only in US DOLLAR,
but also in EURO, BRITISH POUND, NORWEGIAN KRONER,
SWEDISH KRONOR, DENMARK KRONER, SWISS FRANC and
CANADIAN DOLLAR.

People in these areas are used to pay more for
their products and services, including subscription
to content websites. If you allow European users
to be billed in their local currency, you can easily
make more money! "

It looks like they have re-done everything there.

Yea!! Good stuff shoplifter!!

There is gonna be more of this hopefully sooner than later. Euros are nice and if there any any change on the dollar - like in 2009, - it's easy to adjust :-)

Ca$h · 03-08-2005, 12:08 PM

Quote:

Originally Posted by tony404

or less money depending on how the dollar is doing

read the post again

V_RocKs · 03-08-2005, 12:14 PM

Nice! they already have some decent sales for me..... going to get even better now!

rowan · 03-08-2005, 01:52 PM

Seems a bit dodgy to me, they're suggesting you can charge more simply because the surfer thinks that $x in their local currency is better than $USDy which is actually cheaper after conversion.

I'm still waiting for them to actually implement their last 'big' announcement - 70% commission for resellers on new signups. I try to set mine to 70% and get an error saying that I can only set it to 50% maximum.

No reply from Verotel about this. Nothing unusual.

Their processing is rock solid but their client service sucks.

rowan · 03-08-2005, 02:13 PM

For some reason I thought that their announcement with the big mac index example meant that their system would automatically adjust pricing to the equivalent US dollar amount (based on that day's exchange rate) and then multiply it by the big mac factor... in other words wring more $ out of non-US surfers who pay more for their big macs. When I go to setup it looks like I need to specify the exact pricing for each currency, so I guess I misunderstood? If you don't keep up with exchange rates and update your pricing to suit then you may end up making less from the non-US sales in the long run.

Of course if you run a regional site that bills in EUR and you get paid in EUR then it's win win win.

KRL · 03-08-2005, 02:23 PM

Smart move!!

Webby · 03-08-2005, 02:30 PM

Quote:

Originally Posted by rowan

Seems a bit dodgy to me, they're suggesting you can charge more simply because the surfer thinks that $x in their local currency is better than $USDy which is actually cheaper after conversion.

Apart from surfer familiarity of using their own currency, there is no obligation to just charge in dollars. And.. when other countries are used to paying more and see some website at say, $24.95 and a Euro value of 18.70 - it looks too cheap and *may* detract from the website.

Sure, there is a gain for webmasters when using the comparative buying power on the sample "Big Mac" index instead relying on one currency - this is not new. Even MacDonalds don't charge the same prices in eg Ohio that they do in Amsterdam :-)

Only my

worth, but smell this concept is going to increase rapidly - for various reasons and.. I'd rather have any other currency listed by Verotel than the US dollar.

More Booze · 03-08-2005, 02:31 PM

Sounds great, Verotel converts great for me already!

mistress69 · 03-08-2005, 02:32 PM

thanks for the news

03-07-2005, 04:52 PM	#1
Shoplifter Richest man in Babylon Industry Role: Join Date: Jan 2002 Location: Posts: 10,002 Posts: 5,730	Huge Verotel News In an email just now: "1. Multi-currency Starting today, you can DIRECTLY bill in any of eight supported currencies with Verotel. That means that you can charge not only in US DOLLAR, but also in EURO, BRITISH POUND, NORWEGIAN KRONER, SWEDISH KRONOR, DENMARK KRONER, SWISS FRANC and CANADIAN DOLLAR. People in these areas are used to pay more for their products and services, including subscription to content websites. If you allow European users to be billed in their local currency, you can easily make more money! " It looks like they have re-done everything there.

03-07-2005, 04:59 PM	#4
chemicaleyes UNSTOPPABLE Join Date: Aug 2003 Location: UK :: ICQ# 156068 Posts: 11,569	Nice, good news. __________________ No way as way, No limitation as limitation. AmeriNOC formally PhatServers

03-08-2005, 02:23 PM	#11
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	Smart move!! __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

03-07-2005, 04:53 PM	#2
eMonk Confirmed User Industry Role: Join Date: Aug 2003 Location: Canada Posts: 2,310	great news...

03-07-2005, 04:53 PM	#3
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	or less money depending on how the dollar is doing

03-07-2005, 05:00 PM	#5
OzMan Confirmed User Join Date: Sep 2003 Location: Los Begas Posts: 9,162	this is good news indeed

03-08-2005, 12:14 PM	#8
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,421	Nice! they already have some decent sales for me..... going to get even better now!

03-08-2005, 01:52 PM	#9
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	Seems a bit dodgy to me, they're suggesting you can charge more simply because the surfer thinks that $x in their local currency is better than $USDy which is actually cheaper after conversion. I'm still waiting for them to actually implement their last 'big' announcement - 70% commission for resellers on new signups. I try to set mine to 70% and get an error saying that I can only set it to 50% maximum. No reply from Verotel about this. Nothing unusual. Their processing is rock solid but their client service sucks.

03-08-2005, 02:13 PM	#10
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	For some reason I thought that their announcement with the big mac index example meant that their system would automatically adjust pricing to the equivalent US dollar amount (based on that day's exchange rate) and then multiply it by the big mac factor... in other words wring more $ out of non-US surfers who pay more for their big macs. When I go to setup it looks like I need to specify the exact pricing for each currency, so I guess I misunderstood? If you don't keep up with exchange rates and update your pricing to suit then you may end up making less from the non-US sales in the long run. Of course if you run a regional site that bills in EUR and you get paid in EUR then it's win win win.

03-08-2005, 02:31 PM	#13
More Booze Confirmed User Join Date: Mar 2004 Posts: 5,116	Sounds great, Verotel converts great for me already!

03-08-2005, 02:32 PM	#14
mistress69 Confirmed User Join Date: Feb 2005 Posts: 2,804	thanks for the news