I suggest you log into CCBill and click "yes"!!!!
 

If you're running a program on ccbill and watching the US dollar decline you better log into ccbill and "accept" the multi-currency billing option.

If you are charging in dollars without this option then you are losing money!!

been done for us quite a while. It tis awesome. :thumbsup

True dat

Is there any special you have to do on your site ?

yeap, did that first time I saw that and made a international sale instantly..

Nope; just click accept.

We did this a little over a month ago. And the amazing thing is that we're starting to see more and more international sales, but it seems less US sales.

Hands down my favorite option that CCBill has added lately. :thumbsup

I already have and love it. Thanks CCBill

I'm late on this one.

You don't have to re-insert the code into your site?

Nope. Have to go in on each sub account and click to add it.

I'm still very concerned about their multi-currency, because the customer invariably gets charged more in their currency than the US membership is worth (driving sales away if the customer is smart enough to check rates). Add to that, you don't receive a penny of the extra money.

I recently noticed a $9.99 USD membership selling for $10.57 CDN, and the CDN dollar at that time was worth more than the USD.

So CCBill charges customer $10.57 in a currency worth MORE than USD, and then pays you $9.99 (minus CCBill fee).

Whose getting the extra $0.60?

Nobody has been able to answer this question for me.

did it ages ago.

been good to do.

socks, let me say that we have ran several reports on clients that had this enabled and they are seeing a roughly 20% increase in revenue, with little to no decrease in transaction volume. i have not seen any clients disappointed after enabling this feature.

i just got back from xbiz and while i was there 3 people joyfully told me that they liked the concept of enabling this and instantly seeing $15 extra on some sales.

im going to icq you in a minute to go over any questions you may have

I don't understand the opt-in option.

Regional billing can come back and bite u in the ass if you are not careful.

I have a whole list of reasons not to use it.

Does anyone want to here them?

Wow... CCbill is on the ball tonight. They were reading this thread and hit me on ICQ to explain to me like I was three (per my request), what I didn't understand.

Thanks Matt! Good looking out.

i went in and changed it. i can't wait to see what happens.

I'm going on the gold standard.

You have experience with it biting you in the ass, or you think it could?

Hit me offline please when you get a chance. Would like to hear what you have to say.

I would love to hear your thoughts on this - I switched about a month ago and have seen a nice increase in revenue. I have only had 1 person email and ask why it cost more.

We have too! Great option!

We're using this feature since the time it became available.

Exactly.... i'm affiliate for hundreds of programs, most in CCBILL - I tried changing it to Canadian funds and look here - it's actually more than if I charged it as USD on my credit card - the 60 cents must be going to ccbill for the exchange, but it's kinda shady and if your not looking it's way too easy to overlook it.

Good comment though, glad to see someone else saw this as well. :2 cents:

Please share I respect your opinion.

would be nice to hear more on this...

i had my first euro sale since i enabled it...should i see the extra $ in the stats?

and it still hasnt been answered

Yes, please.

I just looked at the form and the surfer can choose the currency so I don't see how the surfer is going to be pissed about any prices. The surfer may choose their own currency simply for the fact that they understand clearly how much they are paying.

I don't like to pay in other currencies than dollars because I don't feel like I know how
much it really is.

But that's my point... CCBILL works in the exchange rate from the USD pricing *AND* works in their fee for doing the exchange and you don't see that. If you were to go to http://www.xe.com and do a quick exchange from the USD baseline price, you'd see a difference between the converted amount on XE and the amount converted on the join form. That difference is what i'm referring to.

Now the ultimate question here is: Is it cheaper to charge the USD to your credit card and pay the exchange fee from your CC company/bank or charge the local currency to your credit card and let CCBILL take the fee?

Were talking dimes here on a $24.95 transaction but interesting discussion anyways.

Ok, you asked the question and you have the internet available to find out and you are curious about it, yet you can't answer the question. Same for the surfer.

That's why they will select their own currency so they can see exactly what they are paying now rather than waiting for the bill to come in the mail to find out.

Sorry guys had to step away for a few.

I really have quite a few reasons.

To me these are what I feel are the most important ones to consider:

#1:
Picture yourself with 100's or thousands of rebills going all sold with regional billing in Euros, they are fixed on the Euro price.

For example if your USD price is 29.95 USD CCBill recommends you bill the same numerical amount in Euros and because of the current exchange rate of 1.00 EUR = 1.59099 USD or 29.95 EUR = 47.6501 USD - You make an extra $15.36 USD in your pocket, the processor makes a little more too remember.

If the the Euro drops (and it could drop back to below a USD like it was)
then all those rebills you have going that are billed in EUROS also drop!

So if the Euro drops you get less money.

This is not rocket science people.

#2
I am selling more Euro memberships than ever right now. Yes you can still bill your customer in Euros but it''s the equivalent of what the exchange rate is from the USD price. This is how it works without regional billing.

Without using regional billing the European customer pays almost 19 Euros for a 29.95 USD membership. See what a great deal it is for Europeans to buy stuff from USA?
I am 99% sure that's why I am seeing more Euro sales now than I have ever before.
I am not going to fuck with it.

#3
Affiliates are involved and affected with whatever decision u make.

#4
Review Sites and other affiliates that pre sell and use price points in their sales pitch and in their rankings like review sites for example. If a European surfs a review site and sees that the price is 29.95 USD he knows what that means. How do you think he will feel when he hits your join page with "Regional Billing" activated?

(hint: he will feel pissed off)

if he sees it then.

What if he doesnt see it or notice it till 6 months down the road?

I smell CB's.

That is all for now.

Cheers,
BV

Ok, so what do you think about all your rebills that are currently in dollars.
The dollar is going down while inflation is going up. So your buying power is going down
for all those rebills already.

So you are worrying about other currency going down when your's is already down and losing buying power as we speak. If the dollar goes down to zero then how much are your "valuable" dollar rebills worth?

A good gambler will hedge his bets and get sign ups in multiple currencies so if one money
unit fails, they at least have some money comming in from the other currencies.

You're kind of using the "all my eggs in one basket rule" on this one.

So the Euros(for this price) would have to drop $15.36 before anyone cared and then that would be making exactly the same as charging dollars.

Not to mention that the rebills already canceled 2 years before this could ever even happen.

Unless world war 4, 5 and 6 jump off at the same time there is probably no way in hell the euro will crash fast enough to have a broad affect on rebills before most have cancelled anyway.

BV, good points, i can see that you thought through this. i think that if you dont like how it works, you can always turn it off.

Good points? All he did was flip the coin and claim that heads was better than tales.

heads = "what if the euro goes down, it sucks"
tales = "what if the dollars goes down, it sucks"

lol, Thank you but I never turned it on.


That's sort of obvious no?

Maybe yes, I can see you're point. Anything can happen.

But what about points 2,3 and 4? (you didn't address these)

You think this is a good business practise.

You think it's fair for me to charge European customers 45.31 USD for what most everyone else pays 29.95 USD????

That seems like good fair business practise to you?

It's not fair IMO.
It's almost deceiving.

It would piss me off if I was a European.

But like my #2 says, my european sales are higher than ever because I am NOT using regional billing.

Even if CCBill would guarantee the difference if the exchange rate changed drastically, I still wouldn't do it just because of 2,3 and 4

Your increased european sales could be caused by a spike in that traffic.
Did some new webmasters sign up that have nothing but tons of European traffic?

Also my experience with pricing is that "rebillable surfers" don't decline to sign up over a few dollars in price. That's why I never use trials. Not using trials makes more money.

It is the biggest false belief in the world that a surfer will decline a site charging $39.99
because they would rather go to another site that charges $29.99.
There is tons of free porn, so the surfer is only signing up because that particular site
has them hooked. If price were the issue then none of us would ever ever ever get a sign up because there is plenty of porn for free, and free is the best price.


Affiliates have a strange habit of shutting the fuck up when more money than expected appears in their stats. :1orglaugh


First, unless the surfer is blind, they will see the price and the option to change it on the sales form; and he can change it to what ever it equaled on the review site.

Second, the surfer is not stupid enought to think that the review site is plugged into all paysites and instantly updates the review when the price has changed.

If you continue to charge in dollars and the going rate for sign ups rises then are you not going to raise your price because someone has a review site and needs to change a page?

No way.

I smell charge back when I join a site in euros/pounds without having a dollar option and then find out that I actually paid $75 dollars for that shit.
Show me the dollars and if I still want it for that price then where is my complaint?

It is accepted and known around the world to everyone that a product in one country
will cost a differrent amount in another country.

Nobody in Europe is bitching at Americans because we pay less for the same gas becuase they are paying the same effective price based on income levels and demand in the region.

A gallon of gas is around .50cents a gallon in Iran and Iraq. Is that "unfair" when they make on average $55 dollars a month?

Further, if they think it's unfair they can just click the other currency and problem solved.