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Shutterstock Photographer Forum Forum Index : Tax Witholding Discussion for Foreign Submitters :
Moneybookers currency conversion fee

 
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kornilov007


Joined: 02 Jul 2010
Posts: 13

Post Posted: Fri Jun 08, 2012 4:22 am     Reply with quote

Hello,

Shutterstock has sent me amount USD 125,42.
Why I have received only EUR 96.58 on Thursday, when the exchange rate was around 1,256?

125.42 / 1.256 = 99,86

If the currency conversion fee is 1,99%:

125.42 * ((100-1,99)/100)/1.256 = 97,87

Can you help me with this? :)
semmickphoto


Joined: 12 Feb 2012
Posts: 6526
Location: Stuck between a shutter and a hard place

Post Posted: Wed Jun 27, 2012 2:44 pm     Reply with quote

You dont get the exchange rate that you find on internet, you get the bank exchange rate which is lower. But you are using the wrong conversion, the dollar is not 1.25 to the euro, the dollar would be 0.79 to the euro or something in that area.


http://www.xe.com/currencytables/?from=USD&date=2012-06-07
 
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