sábado, 1 de abril de 2017

Currency Conversion Charges Are Too MUCH (i need to learn how to avoid them) entrepreneur how earn by blogging blog

Hi everyone. I run a shopify ecommerce store. I use a shopify app fulfillment service that only accepts USD currency. The problem is I live in Canada. I can transfer money from my TD bank account onto the fulfillment service app, but the problem is that for every $500 USD I add I spend about $20 CAD on conversion fees which my bank charges.

For example I added $1000 USD today which cost me $1,370.50 I checked on google what $1000 USD is worth in CAD and it said $1,332.15. So today i spent about $40 CAD in conversion costs.

Is there anyway to avoid such fees? How can I get USD money without having to pay these fees? I also have the option of adding money onto the fullfilent service app using paypal, but I know paypal charges even higher fees. Its either I use a credit card/debit card or Paypal. Are there credit cards out there that do not charge conversion fees? Or is there no way around this...

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