Canadian affiliates - converting US to CAN $

Status
Not open for further replies.
Uzzz

Uzzz

Death im yur Bitch Lover!
Jun 25, 2006
1,971
21
0
Canada, T.O
So, i pay for ppc in US dollars...i convert offers in US dollars...but when i get paid, networks convert US to CAN dollars for me...and i seem to be losing out on some money because of the conversion rates.

Visa charges more for my ppc then the networks give back in the conversion... (lets say bank gives rate of 1.05...and network only 1.01)

How do u guys handle this? Will getting a US visa help?

Cheerio...
 


If your canadian then why not start doing PPC with canadian funds.

Right now your probably loosing a very low amount like me, I'm canadian and alot of money I get is in US funds which gets converted to canadian dollars but if you go to XE - The World's Favorite Currency and Foreign Exchange Site and use there conversion calculator that will give you a much better idea of how much your loosing or making on the conversion rates.
 
yah time to start doing more ppc with CAN$, but some places like facebook only allow in US$....

XE is naiice, nice quick way to check conversions. The problem im having though is, my credit cards seem to charge at a crappier rate then the normal rate for that day...

so lets say 1 USD = 1.01584 CAD (XE).... the rate my CC gives me is like 1 USD = 1.05 CAD.... and then the network gives me a rate like 1 USD = 1.01 CAD ....

i guess thats the beauty of CC's heh.
 
I have both USD and CAD accounts.

I use both USD and CAD credit cards. Some expenses will always be in USD (YSM for example), so that takes care of that.

I bank with TD and utilize their fxTrade service. You can execute spot trades at the rate of that minute or if things really get really good again spread wise between the USD/CAD pair, you can buy a forward contract for say $100,000 and draw down on that contract at the rate you locked into over x months.

You don't need to get stupid complicated, but I worked for a foreign currency company for a while, so it's an obsession ;)
 
I bank with CIBC and I also have CAD and USD accounts along with CAD and USD credit cards. I usually accumulate funds in USD and when over $20-30k I go in and use my trader number, they call the floor, and get me instantaneous rate - which is usually 1 - 2 cents better than posted / day rate. Also, when you don't have a trader number you can convert maximum $20k per transaction.

The more you have to convert, the better rate they'll give you.
 
I run Adwords in CAD, YSM in USD. I get paid in USD from all networks and I have a USD account which gives me a preferred exchange rate - about a penny more than you would normally get. A penny you say? It adds up on larger amounts and only costs $5 a month for the account.

e.g. $10k = $100 more :)
 
Status
Not open for further replies.
Top Bottom