LCSC only 4 currencies now! - Page 1
Forum section: electronics / general

author: MT
author_rank: Super Contributor
timestamp: March 09, 2024, 08:58:04 pm
content: Anyone who previously was able to buy from LCSC in "your country's" currency?

author: SiliconWizard
author_rank: Super Contributor
timestamp: March 09, 2024, 09:09:58 pm
content: Well, my currency is EUR and it' still supported, but I can confirm that the currency selection now only has 4: USD, EUR, CNY and HKD.

author: MT
author_rank: Super Contributor
timestamp: March 09, 2024, 10:43:25 pm
content: I recall they used to have like 13-15 different.

author: SiliconWizard
author_rank: Super Contributor
timestamp: March 09, 2024, 10:53:42 pm
content: Yes, I think there were a lot more. They probably changed their banking partner for payments and supporting fewer currencies also probably lowers payment fees significantly.I've actually seen many online businesses trying to "optimize" their payment fees lately, I think this is a trend.

author: Psi
author_rank: Super Contributor
timestamp: March 09, 2024, 10:57:37 pm
content: Companies sometimes try to stock pile other countries currency until they get a good exchange rate.Ya can make a bit extra money that way. but you have to have the cashflow to do it and it has to cover the costs associated with handling all that overseas currency

author: mikeselectricstuff
author_rank: Super Contributor
timestamp: March 09, 2024, 11:29:33 pm
content: Assuming you're talking about card transactions, not sure what the problem is - selecting USD for the currency on card transactions uses the card company's exchange rate, which is typically better than if the seller charges in your own currency at their rate.This is certainly the case for UK, YMMV for others.

author: Psi
author_rank: Super Contributor
timestamp: March 09, 2024, 11:35:56 pm
content: Quote from: mikeselectricstuff on March 09, 2024, 11:29:33 pmSame for me in NZ, always more expensive to let the seller/platform do the conversion to my cards currency.The offshore service margin I get changed by my bank for payment in another currency is always the better option.It's usually not the default option either. They're just trying to grab some more of your money as a conversion fee and hope you don't notice.

author: retiredfeline
author_rank: Frequent Contributor
timestamp: March 10, 2024, 03:29:02 am
content: I'd be happy to pay in RMB instead of USD as it's dropping wrt AUD. I always prefer my card as its exchange rate is better than seller rates. Even with PayPal you can choose to be charged in the original currency instead of using PayPal's conversion; they make that the default to catch lazy people. And applies to not just CN purchases.

author: cosmicray
author_rank: Frequent Contributor
timestamp: March 30, 2024, 04:07:04 pm
content: Interesting that AUD and NZD did not make the cut. Buyers in those countries will have to do conversion to one of the others to make the order fly.As LCSC is closely intertwined with JLCPCB, does this also affect that venue ?

author: SiliconWizard
author_rank: Super Contributor
timestamp: March 30, 2024, 10:24:41 pm
content: Quote from: cosmicray on March 30, 2024, 04:07:04 pmDoesn't seem to. JLCPCB still supports 9 currencies (at least accessing it from here). LCSC is a sister company of JLCPCB, it's a separate business with a different management.