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Thread: What currency?

  1. #1

    What currency?

    Hello,

    Not everyone lives in the USA but a lot of company's use the dollar for selling their hosting.

    I am asking non American users, do you use the dollar or your local currency and why?

  2. #2
    Join Date
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    I have to have 2 sites and 2 WHMCS systems to handle this problem.
    Charging in Euro often means people outside of europe pay diffrent rates each month, and they get annoyed when it goes up ever few months. So I just operate 2 diffrent sites, one for Europe and one for the US etc...
    Makes more sense for us because many of our clients are US based
    Adam Hoban.
    ManobanWeb Group
    UK and US - Shared & Reseller Hosting Solutions

  3. #3
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    90% of our customers (shared hosting) pay in Euro because we sell hosting in Greek market. The other 10% (mostly for server management services) pay in US dollar. We prefer payments in Euro but having more options is easier for the customers.

  4. #4
    Join Date
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    We bill in RMB (Yuans) because:
    1) Most of our clients are in China
    2) The RMB is strenghtening against the USD, so billing in USD would have meant a decreasing real revenue.

    Clients however have the option to pay in USD, we update the accepted exchange rate once a month.
    Last edited by cycomhk; 06-02-2008 at 11:57 AM.

  5. #5
    Join Date
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    By the way, we only accept yearly payments (which is the norm in China). That way customers paying in foreign currencies (including USD) do not have to deal with changing amounts to pay on a monthly basis...

  6. #6
    Join Date
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    What effect does PayPal have on your currency decisions?

    I perceive currency becoming less of an issue to many of our customers lately as they routinely pay with PayPal. It seems to negate some of the credit card currency conversion issues?

    -mike
    Mike G. - Limestone Networks - Account Specialist
    Cloud - Dedicated - Colocation - Premium Network - Passionate Support
    DDoS Protection Available - Reseller Program @LimestoneInc - 877.586.0555

  7. #7
    Join Date
    Feb 2006
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    Quote Originally Posted by Luke Beale View Post
    Hello,

    Not everyone lives in the USA but a lot of company's use the dollar for selling their hosting.

    I am asking non American users, do you use the dollar or your local currency and why?
    I am charging in US Dollars because 75% of my customers are in the US. My company experienced a decrease in 2007 as a result of the decreasing Dollar. It's a pain but on the long term the US will get their currency straight even if that means they will have to stop printing Dollars like crazy.

  8. #8
    Join Date
    Oct 2000
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    It's always best to offer both in your local currency (Canadian for me) and US if you intend to offer any service internationally.

  9. #9
    Offer both... but i would say that, right now, most international clients would prefer to pay in USD because USD has been going down against other currencies.

  10. #10
    Join Date
    Feb 2006
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    466
    I really wonder how long it will take the Dollar to recover. I think by the end of the year we will be at 1.4 at best and 1.7 would be the worst value I can imagine.

  11. #11
    Join Date
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    There are some indications that the U.S. dollar may be turning around, but it's highly debatable.

    In any event, the relatively weak dollar does give U.S. hosts a competitive edge in terms of selling their web hosting to overseas clients -- currencies such as the Euro go further in paying for web hosting in U.S. dollars.

    -mike
    Mike G. - Limestone Networks - Account Specialist
    Cloud - Dedicated - Colocation - Premium Network - Passionate Support
    DDoS Protection Available - Reseller Program @LimestoneInc - 877.586.0555

  12. #12
    Join Date
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    Quote Originally Posted by Mike - Limestone View Post
    What effect does PayPal have on your currency decisions?

    I perceive currency becoming less of an issue to many of our customers lately as they routinely pay with PayPal. It seems to negate some of the credit card currency conversion issues?

    -mike
    What credit card issues? Credit cards convert currency automatically just like Paypal and at favorable rates.

    We bill in Canadian dollars and it works out fine. I think billing in your native currency makes a lot of sense and simplifies things at tax time.
    VPSVille.com
    Toronto, London, Dallas, Los Angeles
    Quality VPS hosting on Premium bandwidth

  13. #13
    Join Date
    Mar 2008
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    35
    Hello,

    The best choise is, if you are living in EU, you can use EUR, if you living in USA, use $ very simple, for me

  14. #14
    Quote Originally Posted by Gammax View Post
    Hello,

    The best choise is, if you are living in EU, you can use EUR, if you living in USA, use $ very simple, for me
    Agree. If you are targetting a non US market you can use Euro instead of dollars.
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