Quote:
Originally Posted by Mutt
pretty sure in the CCBILL Admin you can set the foreign currency exchange rate/price yourself or just accept CCBILL's.
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There is a big difference between CCBill
PRICE exchange and CCBill
CURRENCY exchange.
CCBill's PRICE exchange is simply changing the price of a membership to suit the local economy, this changes once a week. For example CCBill changes a $24.95 US signup to 24.95? for EU signup.
There is no one person or company that can change the foreign currency exchange rate. This is decided by the whole of market trading and changes by the minute:
www.xe.com
For example a 24.95? EU membership sold Monday will yield a different USD amount from the same 24.95? EU membership sold Friday, the exchange rate has changed and the money must be exchanged at the current market exchange rate.
CCBill's
CURRENCY exchange is consistently 5% lower than the Market exchange rate.
CCBill's current EUR/USD exchange rate is around 1.19
The current market exchange rate is around 1.25
I'm interested to know why
Quote:
Originally Posted by Mutt
you're suspicious CCBILL is pocketing some of that 5% discrepancy for itself?
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I don't know. I have tried simply asking CCBill why this is, and they will not give me a straight answer.
I want to know where the other 5% went.