Confused about currencies

scoobie

Hi,
I want to list an item on ebay.com but I'm confused about what price to list to take into consideration currency conversion and ebay and paypal fees.

I want to list it in dollars.

If, for example I want to list something at £100 value, what dollar conversion rate should I use to recoup £100 after ebay and paypal fees.


Is there a simple calculator for this?

thanks in advance.

DirtPoorGuy

Go to xe.com and you can check currency rates there.

Use this to calculate your profits.

http://ecal.!!!!!!/en/home.php

soolin

Currency rates change constantly so it will never be an exact science. You'll also have to calculate the fees on top manually as well just as though you were listing in the UK. You will of course be paid in dollars as well so will have to do a further conversion when you withdraw the money in dollars0 and that rate will be on the day you withdraw so might be different to the rate on the day you are paid.

However, I would urge a great deal of caution with this. If you list on .com many Americans will not appreciate the fact that there will be tax an duty to pay via customs, after all they are buying on ebay.com so may not even bother looking at your item location- so please make that very very clear.

Also selling on .com will mean they expect their item quickly, so again make it clear that it will be arriving airmail and so may show delays

US ebay and paypal rules are slightly different as well

scoobie

DirtPoorGuy wrote: »

Go to xe.com and you can check currency rates there.

Use this to calculate your profits.

http://ecal.!!!!!!/en/home.php

thanks

Are the rates on xe.com the rates paypal will use then? (appreciate it will vary day to day)

scoobie

soolin wrote: »

However, I would urge a great deal of caution with this. If you list on .com many Americans will not appreciate the fact that there will be tax an duty to pay via customs, after all they are buying on ebay.com so may not even bother looking at your item location- so please make that very very clear.

Also selling on .com will mean they expect their item quickly, so again make it clear that it will be arriving airmail and so may show delays

US ebay and paypal rules are slightly different as well

I see your point re location. I didn't realise USA had import taxes. What are these then, their VAT?

Crowqueen

Essentially, yes. They have sales tax rater than VAT, which only applies to items bought within a particular state (since sales tax varies by state and some states don't even have it at all). However, I suspect they make up for it somehow.

Having a quick google, unfortunately, suggest a complete guide to tariffs costs $34 to buy .