Translators and Word vs FM

Jeremy H. Griffith jeremy at omsys.com
Fri Jan 5 13:07:28 PST 2007


On Fri, 5 Jan 2007 09:22:16 +0000, "Bodvar Bjorgvinsson" 
<bodvar at gmail.com> wrote:

>So, why should it be any more complicated for a US citizen to purchase
>from a foreign country in the local monetary system than vice versa?

Because US banks, unlike those in other countries, charge
extortionate fees for any transaction involving "foreigh
exchange".  For example, mine charges $US75 *minimum* to
process a check not in $US.  Even in $CAN.  Canadian banks
are far more accomodating, as are those in the rest of
the world, AFAIK.

Of course, credit-card payment eliminates the problem, as
credit-card companies automatically handle the exchange
at market rates.

-- Jeremy H. Griffith, at Omni Systems Inc.
  <jeremy at omsys.com>  http://www.omsys.com/



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