Big question for CCBILL regarding multi-currency - GoFuckYourself.com

Socks · 05-01-2008, 12:18 PM

So I got to thinking, if we have a $9.99 signup option in USD, today CCBill is telling me it wants to charge me $10.64 CDN as a customer.

CCBill collects $10.64 CDN, and pays me out $9.99 USD.

But according to today's rates, $10.64 CDN is really $10.44 USD.

So whose getting the extra $0.45 ?

I called a CCBill rep on the phone just now and didn't get a very clear answer, still confused.

Am I missing something here, or is CCBill collecting a whole bunch of money that isn't getting paid back to webmasters?

Socks · 05-01-2008, 01:15 PM

To the top with ya!

commonsense · 05-01-2008, 01:17 PM

Quote:

Originally Posted by Socks

So I got to thinking, if we have a $9.99 signup option in USD, today CCBill is telling me it wants to charge me $10.64 CDN as a customer.

CCBill collects $10.64 CDN, and pays me out $9.99 USD.

But according to today's rates, $10.64 CDN is really $10.44 USD.

So whose getting the extra $0.45 ?

I called a CCBill rep on the phone just now and didn't get a very clear answer, still confused.

Am I missing something here, or is CCBill collecting a whole bunch of money that isn't getting paid back to webmasters?

Something has to pay for all those sponsorships

commonsense · 05-01-2008, 01:19 PM

Seriously though it's a good question. Wonder how much could be skimmed through this method if thats the case. Could be millions a year.

RyanL · 05-01-2008, 01:22 PM

bump a roo

Zebra · 05-01-2008, 01:36 PM

With Regional Billing, CCbill is supposed to be paying you out the $10.44 from what I thought. That is the whole point of the regional billing, making you more from countries where the dollar is worth more, right? Did I miss someone saying you don't get paid for it?

biskoppen · 05-01-2008, 01:42 PM

Quote:

Originally Posted by Zebra

With Regional Billing, CCbill is supposed to be paying you out the $10.44 from what I thought. That is the whole point of the regional billing, making you more from countries where the dollar is worth more, right? Did I miss someone saying you don't get paid for it?

I don't think this is about an account with reginal billing enabled

Socks · 05-01-2008, 02:58 PM

I think regional billing is different than geoip, from my understanding from ccbill reps, who honestly have been great to us.

All I know is that the data we get back from ccbill includes A> the USD price ($9.99 for example) and a sort of text string that has the CDN price as well.

CCBill pays out in USD. So for internal accounting, all I have to record is that we made $9.99 on the sale, and a foreign currency number that has no bearing on what we get paid. If we're getting more than $9.99 for the sale in USD because of currency conversions, then I don't know how we're supposed to know that.

So maybe I'm just missing something, but I don't currently understand whose getting the difference in these situations.

Socks · 05-01-2008, 05:18 PM

bump for an answer!

MandyBlake · 05-01-2008, 05:46 PM

that's a very interesting question.

Socks · 05-01-2008, 05:48 PM

Ok, CCBill's response is that the rates are set by them, and they keep the extra money!!!

Holy fuck!!

They're earning like 5% on people who choose to be billed in Canadian dollars right now, on everyone's sales, and *not passing that on* ??? What about all the other currencies?

So this new geoIP thing is A> making porn more expensive for your customers and B> CCBill is profiting from it and C> we aren't.

Nice. Another hand in the cookie jar?

Hope I'm still wrong.

Dear Client,

The exchange rates are based off rates that we have within the system, and not the actual exchange rates at that time. We try and keep them as close as possible, but for payouts you will still receive the USD price that you set up.

candyflip · 05-01-2008, 05:53 PM

I'm sure it's in the fine print somewhere that we're allowing them to do this.

biskoppen · 05-02-2008, 02:19 AM

This can't be legal... I'm pretty sure that this is a HUGE AS FUCK amount we're talking about here on a yearly basis

Anyone big CCBILL program which some smart laywer who can look into this?

Jensen · 05-02-2008, 02:21 AM

hmm seriously interresting. How about the other currencies?

commonsense · 05-02-2008, 02:40 AM

Quote:

Originally Posted by Socks

Ok, CCBill's response is that the rates are set by them, and they keep the extra money!!!

Holy fuck!!

They're earning like 5% on people who choose to be billed in Canadian dollars right now, on everyone's sales, and *not passing that on* ??? What about all the other currencies?

So this new geoIP thing is A> making porn more expensive for your customers and B> CCBill is profiting from it and C> we aren't.

Nice. Another hand in the cookie jar?

Hope I'm still wrong.

Dear Client,

The exchange rates are based off rates that we have within the system, and not the actual exchange rates at that time. We try and keep them as close as possible, but for payouts you will still receive the USD price that you set up.

That has to be a SHITLOAD of extra cash for ccbill.

biskoppen · 05-02-2008, 03:04 AM

Quote:

Originally Posted by commonsense

That has to be a SHITLOAD of extra cash for ccbill.

Cash which doesn't belong to them

Lord Aga · 05-02-2008, 03:07 AM

What if the rate goes down? or do you just want to take the extra money and forget about if ccbill loses on the exchange?

biskoppen · 05-02-2008, 03:19 AM

Quote:

Originally Posted by Lord Aga

What if the rate goes down? or do you just want to take the extra money and forget about if ccbill loses on the exchange?

If it works that way, no problem at all. But thats not what CCBILL tells in their email to the above poster

SlammedMedia · 05-02-2008, 03:24 AM

Everyone does it when it comes to screwing over Canadian's on the exchange...especially ePassporte and Paypal

SlammedMedia · 05-02-2008, 03:28 AM

Quote:

Originally Posted by Socks

Ok, CCBill's response is that the rates are set by them, and they keep the extra money!!!

I got the same answer when i called Paypal and ePassporte about their exchanges.

05-01-2008, 12:18 PM	#1
Socks Confirmed User Industry Role: Join Date: May 2002 Location: Toronto Posts: 8,475	Big question for CCBILL regarding multi-currency So I got to thinking, if we have a $9.99 signup option in USD, today CCBill is telling me it wants to charge me $10.64 CDN as a customer. CCBill collects $10.64 CDN, and pays me out $9.99 USD. But according to today's rates, $10.64 CDN is really $10.44 USD. So whose getting the extra $0.45 ? I called a CCBill rep on the phone just now and didn't get a very clear answer, still confused. Am I missing something here, or is CCBill collecting a whole bunch of money that isn't getting paid back to webmasters?

05-01-2008, 01:22 PM	#5
RyanL Confirmed User Join Date: Feb 2003 Location: Tampa, FL Posts: 1,145	bump a roo __________________ ICQ: #126013016 :: Amateur Index

05-01-2008, 01:36 PM	#6
Zebra Banned from Kimmy's couch Industry Role: Join Date: Oct 2001 Location: Down at Fraggle Rock Posts: 5,091	With Regional Billing, CCbill is supposed to be paying you out the $10.44 from what I thought. That is the whole point of the regional billing, making you more from countries where the dollar is worth more, right? Did I miss someone saying you don't get paid for it? __________________ Old School

05-01-2008, 05:46 PM	#10
MandyBlake The one and only! Industry Role: Join Date: Nov 2002 Location: Atlanta, GA Posts: 17,761	that's a very interesting question. __________________ Mandy's Playhouse Her First Fat Girl If you're interested in promoting my sites, ICQ me! 178411921

05-01-2008, 05:53 PM	#12
candyflip Carpe Visio Industry Role: Join Date: Jul 2002 Location: New York Posts: 43,064	I'm sure it's in the fine print somewhere that we're allowing them to do this. __________________ Spend you some brain. Email Me

05-01-2008, 01:15 PM	#2
Socks Confirmed User Industry Role: Join Date: May 2002 Location: Toronto Posts: 8,475	To the top with ya!

05-01-2008, 01:19 PM	#4
commonsense So Fucking Banned Join Date: Feb 2007 Posts: 1,790	Seriously though it's a good question. Wonder how much could be skimmed through this method if thats the case. Could be millions a year.

05-01-2008, 02:58 PM	#8
Socks Confirmed User Industry Role: Join Date: May 2002 Location: Toronto Posts: 8,475	I think regional billing is different than geoip, from my understanding from ccbill reps, who honestly have been great to us. All I know is that the data we get back from ccbill includes A> the USD price ($9.99 for example) and a sort of text string that has the CDN price as well. CCBill pays out in USD. So for internal accounting, all I have to record is that we made $9.99 on the sale, and a foreign currency number that has no bearing on what we get paid. If we're getting more than $9.99 for the sale in USD because of currency conversions, then I don't know how we're supposed to know that. So maybe I'm just missing something, but I don't currently understand whose getting the difference in these situations.

05-01-2008, 05:18 PM	#9
Socks Confirmed User Industry Role: Join Date: May 2002 Location: Toronto Posts: 8,475	bump for an answer!

05-01-2008, 05:48 PM	#11
Socks Confirmed User Industry Role: Join Date: May 2002 Location: Toronto Posts: 8,475	Ok, CCBill's response is that the rates are set by them, and they keep the extra money!!! Holy fuck!! They're earning like 5% on people who choose to be billed in Canadian dollars right now, on everyone's sales, and not passing that on ??? What about all the other currencies? So this new geoIP thing is A> making porn more expensive for your customers and B> CCBill is profiting from it and C> we aren't. Nice. Another hand in the cookie jar? Hope I'm still wrong. Dear Client, The exchange rates are based off rates that we have within the system, and not the actual exchange rates at that time. We try and keep them as close as possible, but for payouts you will still receive the USD price that you set up.

05-02-2008, 02:19 AM	#13
biskoppen Confirmed User Join Date: Mar 2003 Location: Very small penis Posts: 5,809	This can't be legal... I'm pretty sure that this is a HUGE AS FUCK amount we're talking about here on a yearly basis Anyone big CCBILL program which some smart laywer who can look into this?

05-02-2008, 02:21 AM	#14
Jensen Confirmed User Join Date: Apr 2001 Location: Norway Posts: 3,790	hmm seriously interresting. How about the other currencies?

05-02-2008, 03:07 AM	#17
Lord Aga Confirmed User Join Date: Oct 2002 Posts: 479	What if the rate goes down? or do you just want to take the extra money and forget about if ccbill loses on the exchange?

05-02-2008, 03:24 AM	#19
SlammedMedia Confirmed User Industry Role: Join Date: Apr 2008 Posts: 1,573	Everyone does it when it comes to screwing over Canadian's on the exchange...especially ePassporte and Paypal