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TRDRVR | 1 year ago

>we even accepted multiple currencies

You accepted multiple currencies without taking a spread on Forex? How did you convert it for free? Not even actual forex businesses can do that...

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Scoundreller|1 year ago

When I sold on eBay and they allowed cash/bank draft payments, I accepted local currency, but also major currencies like US$ (in cash or bank draft because I had a US$ account too) and other major currencies in cash (like EUR and GBP) because they were cheaper to convert with when travelling (or I could use directly). Without a spread.

Used the EUR in Cuba when a buyer mailed me cash.

a_vanderbilt|1 year ago

Plenty of places in the world accept currencies besides the local ones because they are more stable or just worth more in general. Depending on the business, they might handle currency the same way too.

maxcoder4|1 year ago

I usually see this only in tourist traps, where the EUR/USD price is 120% or more of the "local" price.

thaumasiotes|1 year ago

> How did you convert it for free? Not even actual forex businesses can do that...

Actual forex businesses convert currency at negative cost. That's what it means to be a forex business.