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Now Getting Screwed On Conversion Fees

Discussion in 'Dropshipping & Wholesale Hookups' started by Codliver, Oct 6, 2015.

  1. Codliver

    Codliver Registered Member

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    I have an ecommerce store where I sell products (about 30$ US each) and then utilize dropshipping from a bigger company to get them to the customer.

    For the past year my dropshipper has accepted paypal. This works out great because customer buys product through paypal then I just make a payment to dropshipper through paypal. My paypal account is in US funds and so is dropshipper so no conversion issues.

    However, now my dropshipper only allows credit card payments to pay for orders. Problem is I'm Canadian and so is my credit card, so I'm getting f*cked in conversions now. Basically, used to make 10.5$ CA profit per order once all is set and done, and now make 7.8$ CA profit per order now.

    So now 105$/day profit days will be 78$/days.

    Wondering is there any way to either apply for a US paypal mastercard when I live outside of USA? Or any places where a non-US citizen can get a reloadable credit card in US funds and load it up via paypal?
     
    Last edited: Oct 6, 2015
  2. KingDingALing

    KingDingALing Newbie

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    I may be wrong here but if you deposit the US into your bank account from PayPal, it should convert it to CAD and give you the equivalent.
     
  3. JasonGraham

    JasonGraham Regular Member

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    Talk to your dropshipper to find another form of payment than credit card or paypal
     
  4. quietlearner

    quietlearner Junior Member

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    Open an LLC in the US and you can get yourself a bank account, credit card and whatever else you need. Having a US presence can be very advantageous.
     
  5. seoheroo

    seoheroo Junior Member

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    Occupation:
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    Find more stuff to dropship? Shouldnt depend on just 1 Supplier...you putting all your eggs in one basket. If you can do for 1 product, you can do for others.
    There is company like Payoneer, but they charge a lot in fees.