FNB charged R100 to process a single Amazon.com transaction

[epah]

Amazon price includes all taxes and duties. That price is the price it costs me.

Lekker

 

[neoprema]

Amazon price includes all taxes and duties. That price is the price it costs me.

Oh i'm thinking Amazon->Shipito->office because sometimes what i'm buying Amazon won't ship direct. In which case VAT will be billed by DHL/Fedex.

 

[SauRoNZA]

It's called foreign exchange and yes it's perfectly normal if you are buying in a different currency.

FNB is nice enough to break this up into a separate transaction, the others just bake it right into the transaction so you never see it.

1.4% isn't terrible really.

 

[epah]

It's called foreign exchange and yes it's perfectly normal if you are buying in a different currency.

No but FNB scammed me, I didnt read their T's and C's so it has to be a scam.

 

[SauRoNZA]

Amazon price includes all taxes and duties. That price is the price it costs me.

When they are willing to ship directly, that is.

 

[DrJohnZoidberg]

When they are willing to ship directly, that is.

They do with a quite a large number of items, most of the time when I look for something on either .com or .uk they have global shipping available.

 

[SauRoNZA]

They do with a quite a large number of items, most of the time when I look for something on either .com or .uk they have global shipping available.

Yeah most things...other than their own products for bizarre reasons nobody understands while also not selling them locally on Amazon.co.za so there's no market they are even taking it from.

 

[NeonNinja]

Spends R7k then complains about R100, please lord let that not be me.

 

[zll]

Buy local next time.

The tablet was 2000 bucks cheaper on Amazon.com, even with shipping and customs.

 

[zll]

Spends R7k then complains about R100, please lord let that not be me.

I've never seen that large a transaction fee so I was just wondering.

 

[zerocool2009]

I've never seen that large a transaction fee so I was just wondering.

Well, you got some nice discount. And now you know international transactions attract certain fees

 

[Bernoldus Niemand]

The tablet was 2000 bucks cheaper on Amazon.com, even with shipping and customs.

Same warrantee as well?

 

[zll]

Same warrantee as well?

Ya, it was a Samsung tab.

 

[Adenoid Hynkel]

It's called foreign exchange and yes it's perfectly normal if you are buying in a different currency.

FNB is nice enough to break this up into a separate transaction, the others just bake it right into the transaction so you never see it.

1.4% isn't terrible really.

They charge a forex fee even when the transaction is billed and paid in ZAR, not just when a different currency is involved. Everything cross border basically.

 

[dlevine]

The international fee is 2%. So you must have bought for R5k....

 

[SauRoNZA]

They charge a forex fee even when the transaction is billed and paid in ZAR, not just when a different currency is involved. Everything cross border basically.

Because it’s not actually billed and paid in ZAR.

 

[AchmatK]

The international card transaction fees for online payments is something recent. It was not always like this.

The merchant already charges between 1.5 and 3% to the seller's merchant account.

What's different to buying online from a local card processor vs an international one? Nothing.

They don't charge this fee on card transactions when using their global card.

I'm slowly moving all my international card payments to my global cards even though most of them charge in ZAR like Google and Facebook so I'm not sure why FNB treats these as international card purchases.

 

[SauRoNZA]

The international card transaction fees for online payments is something recent. It was not always like this.

The merchant already charges between 1.5 and 3% to the seller's merchant account.

What's different to buying online from a local card processor vs an international one? Nothing.

They don't charge this fee on card transactions when using their global card.

I'm slowly moving all my international card payments to my global cards even though most of them charge in ZAR like Google and Facebook so I'm not sure why FNB treats these as international card purchases.

My understanding was that you are still pretty much paying in the foreign currency but it’s camouflaged between the vendor and the merchant to give you a “set in stone” price.

The currency conversion is pretty much done beforehand when they show you the ZAR price.

None of these have local entities so they remain foreign exchange, just presented in ZAR.

Almost like when you travel and you can choose to pay in ZAR at point of sale machines, but the merchant is still paid in their local currency.

Which probably explains why it doesn’t happen on the Global card.

 

[AchmatK]

My understanding was that you are still pretty much paying in the foreign currency but it’s camouflaged between the vendor and the merchant to give you a “set in stone” price.

The currency conversion is pretty much done beforehand when they show you the ZAR price.

None of these have local entities so they remain foreign exchange, just presented in ZAR.

Almost like when you travel and you can choose to pay in ZAR at point of sale machines, but the merchant is still paid in their local currency.

Which probably explains why it doesn’t happen on the Global card.

Google charges my USD global account in ZAR.

With amazon I can set the currency during the payment step. Same on Alibaba. Forgot to set it once to USD on amazon and the amount was not far from the USD amount they would have taken.

 

[Dean01]

It makes sense - i'm on premier and the fees are 2% for international transactions limited to ZAR100