I figured a way to save extra 2-8% for dropshipers
First of all, make sure your bank doesn't charge you with international transaction fees like mine did. My bank (CBA, which considered as a good one) was charging me around 3% for each international transaction until i discovered their new travel credit card which doesn't have this type of fees and almost no fees at all.
Secondly, if your a good dropshiper, you dealing with more than a hundred transactions with different currencies so to save extra money you should buy a large amount of currency at the best store in the city, for example, the AUD-USD value on the stock market is approximately 0.875, the banks will exchange it for around 0.835 which means you loosing around 4%. Usually every town have their best money exchanging stores which exchange at a 1-2% better price, specially if you buying in huge amounts.
Thirdly, if you pick up the right moment to buy your currency you can save even more money.
I hope this thread will help people to save some money.
Last edited by Klemantina; 10-17-2014 at 09:37 AM.
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