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Store pricing & foreign currencies - 6/23/2004 12:37:03 PM   
Delphinium

 

Posts: 123
Joined: 3/18/2004
From: United Kingdom (England)
Status: offline 		Why does the store price in different currencies? I'd prefer to pay in dollars, even though I'm from the UK, VAT can still be added to the dollar price.
The EU people who have a 1:1 price mapping with the dollar even though the Euro is 20% up on the dollar get a bad deal, especially those who have a 20% VAT rate.
For WitP it can make a significant difference for those players.

I doubt if I'll be influenced in my decision to buy based on this - but just wondered the logic in having 4 different currency screens on digital downloads!
Post #: 1
RE: Store pricing & foreign currencies - 6/23/2004 3:53:21 PM   
Feinder


Posts: 6589
Joined: 9/4/2002
From: Land o' Lakes, FL
Status: offline 		It's usually about taxes, and currency conversion.

1. Setting a base price (no taxes included) allows the seller to collect tax as necessary. For example, if you are a business here in the States that does mail order, but actually have a selling location in California, you must collect sales tax to any shipto in California (but no other states). I am familiar with the VAT tax in the UK, and also the GST/PST in Canada. There are also often taxes on the amount of postage being charged (and postage taxes can even be levied by individual counties). The way you get around this taxing nightmare (of how much to charge or refund), is there are plenty of Tax programs, that are essentially a database of what taxes apply where (and is updated normally monthly). So the seller simply punches in the zip/postal code of the destination, and he knows how much in taxes to collect.

2. Foreign currencies - It's kind of a pain to do conversions. Most banks don't do it (altho there are usually a few in every large US city). They probably have a broker of sorts that has appropriate accounts in say, the UK, that takes in the native currency, and then pays Matrix in lump sum (in USD) for the value of the sales. Also currency coversion can actually be very fluid. The markets change ever day. So one USD might equal 8 FFrancs on Monday, and 7 FFrancs on Tuesday. In countries with more stable economies (like France), the fluctuations don't happen as dramatically (normally), but they -can- happen. So if the price was -only- in USD, you could actually buy the game cheaper depending on the currency conversion of the day. That makes for an accounting nightmare (again, esp for returns). So a seller will usually set a price per country in the native denomination. That way, the consumer isn't paying 62.0301 Euros (75 USD) for the game. It's a lot easier to simply set the price at 65 Eurors (or whatever).

-F-

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"It is obvious that you have greatly over-estimated my regard for your opinion." - Me


(in reply to Delphinium)
Post #: 2
RE: Store pricing & foreign currencies - 6/23/2004 4:08:34 PM   
mark24

 

Posts: 171
Joined: 8/4/2002
Status: offline 		Delphinium,

You can pre-order from Strategic Plus, http://www.sps-systems.co.uk/index1.htm .

I'm a UK-er, too.

Mark

(in reply to Delphinium)
Post #: 3
RE: Store pricing & foreign currencies - 6/23/2004 4:55:33 PM   
Mr.Frag


Posts: 13410
Joined: 12/18/2002
From: Purgatory
Status: offline
quote:

ORIGINAL: mark24

Delphinium,

You can pre-order from Strategic Plus, http://www.sps-systems.co.uk/index1.htm .

I'm a UK-er, too.

Mark



You can not pre-order from ANYONE. WitP is not being sold retail. You buy it from Matrix or nobody. Please don't direct people to give their money away to companies that will likely force them to buy something else instead of returning the money.

(in reply to mark24)
Post #: 4
RE: Store pricing & foreign currencies - 6/23/2004 4:58:56 PM   
Mr.Frag


Posts: 13410
Joined: 12/18/2002
From: Purgatory
Status: offline 		Most banks charge an additional fee for alternative currencies. I know mine nails me with a $15 charge. Banks are in the business to make money off you. I assume Matrix's ecommerce site gets hit with the same kinds of charges that everyone else does.

(in reply to Mr.Frag)
Post #: 5
RE: Store pricing & foreign currencies - 6/23/2004 5:12:06 PM   
Delphinium

 

Posts: 123
Joined: 3/18/2004
From: United Kingdom (England)
Status: offline
quote:



It's usually about taxes, and currency conversion.


2. Foreign currencies - It's kind of a pain to do conversions. Most banks don't do it (altho there are usually a few in every large US city). They probably have a broker of sorts that has appropriate accounts in say, the UK, that takes in the native currency, and then pays Matrix in lump sum (in USD) for the value of the sales. Also currency coversion can actually be very fluid. The markets change ever day. So one USD might equal 8 FFrancs on Monday, and 7 FFrancs on Tuesday. In countries with more stable economies (like France), the fluctuations don't happen as dramatically (normally), but they -can- happen. So if the price was -only- in USD, you could actually buy the game cheaper depending on the currency conversion of the day. That makes for an accounting nightmare (again, esp for returns). So a seller will usually set a price per country in the native denomination. That way, the consumer isn't paying 62.0301 Euros (75 USD) for the game. It's a lot easier to simply set the price at 65 Eurors (or whatever).

-F-


I buy quite a lot of stuff from the US via credit card and pay in $ all the time, I'd just wondered why this was split. I've paid my VAT in $ too for some digital downloads.

(in reply to Feinder)
Post #: 6
RE: Store pricing & foreign currencies - 6/23/2004 5:18:31 PM   
Delphinium

 

Posts: 123
Joined: 3/18/2004
From: United Kingdom (England)
Status: offline
quote:

ORIGINAL: Mr.Frag

quote:

ORIGINAL: mark24

Delphinium,

You can pre-order from Strategic Plus, http://www.sps-systems.co.uk/index1.htm .

I'm a UK-er, too.



Mark



You can not pre-order from ANYONE. WitP is not being sold retail. You buy it from Matrix or nobody. Please don't direct people to give their money away to companies that will likely force them to buy something else instead of returning the money.


SP are charging UKP40 which is unlikely.

(in reply to Mr.Frag)
Post #: 7
RE: Store pricing & foreign currencies - 6/23/2004 11:35:33 PM   
David Heath


Posts: 3274
Joined: 3/29/2000
From: Staten Island NY
Status: offline 		Hi

The prices are based on where they ship from or download from. There are little we can do about that.

David

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Post #: 8
RE: Store pricing & foreign currencies - 6/24/2004 1:13:50 AM   
mark24

 

Posts: 171
Joined: 8/4/2002
Status: offline 		Mr Frag,

quote:

Please don't direct people to give their money away to companies that will likely force them to buy something else instead of returning the money.


A bit arsey given it's quite obvious I'm not deliberately misleading anyone, isn't it? You can always check the link provided. Secondly, the company in question doesn't charge until the items in question are sent, so no ones losing any money or getting store credit.

UK law does not allow companies to accept money for an item they cannot supply, & then force the consumer into accepting a credit note. They would be entitled to a full refund. I find it hard to believe this isn't the case in Canada & the US also.

I do, however, stand corrected regarding Matrix's supply policy for WitP, presumably Strategic Plus will cotton on in the very near future.

Mark

(in reply to Mr.Frag)
Post #: 9
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