tfidownunder (Australia) feedback

[Initial_G]

Will find out soon enough if it's in USD or AUD.

Ideally, if it's an Australian store the default price should be in AUD. They could always include an option (like on nippon-yasan) where you can choose what currency you want to view the prices in. Of course the exact conversion isn't the same but you get a good enough guesstimate. Dunno if they will do this though.

I like to support local business as well if possible but with more and more official and 3P figures coming out, I'll be more inclined to shop where I wherever find the best price for item + shipping, packing, etc

[xlojnr]

If they use USD on an australian site (thinking from a business owners perspective) it could be to keep the prices true for them. So for example an MP will be $50 USD and given the fall of the AUD against the USD it would protect the business against possible loss.

The COST is the same for the business and the PRICE is whatever the conversion ends up being on the day for the customer.

Does that make sense? (any economic heads out there?)

When I recall seeing them post about using USD on facebook a while back this was exactly what they meant. They source the items from their suppliers who charge them in USD, and so they were going to list at the price which they are quoted at.

However, if your business involves importing goods and selling locally, or if you have to import goods to use for manufacturing and sale, most businesses will use currency futures to lock in a conversion rate and charge their customers that fixed conversion + margin and eliminate the risk of the currency dropping against them and upping their costs when it comes time to pay their suppliers.

[drifand]

When I recall seeing them post about using USD on facebook a while back this was exactly what they meant. They source the items from their suppliers who charge them in USD, and so they were going to list at the price which they are quoted at.

However, if your business involves importing goods and selling locally, or if you have to import goods to use for manufacturing and sale, most businesses will use currency futures to lock in a conversion rate and charge their customers that fixed conversion + margin and eliminate the risk of the currency dropping against them and upping their costs when it comes time to pay their suppliers.

This makes more sense .
I don't see USA foods online charging usd. Lol

Whatever tfi chooses that will be my actions where I would source future toys or tfs from. If it's usd, I see no different buying from Hong Kong sellers.

[starrs]

All pricing will be usd only. The new prices will be increased and safe to say you will wear the extra fees and charges applied by exchange rate fees. A interesting topic would be is the shipping rates in aud or usd and will invoices on the new site incorporate GST.

[UltraMarginal]

Are they simply switching currencies & charging people more, or is the USD price on par with the current exchange rate & existing prices?

This is a valid question and I personally think the latter makes a whole lot more sense.

If they use USD on an australian site (thinking from a business owners perspective) it could be to keep the prices true for them. So for example an MP will be $50 USD and given the fall of the AUD against the USD it would protect the business against possible loss.

The COST is the same for the business and the PRICE is whatever the conversion ends up being on the day for the customer.

Does that make sense? (any economic heads out there?)

not an economy head, but I see what your saying and it does make sense. At the same time though, most of their business is through pre-orders, which in future will be charged up front based on what they've been posting on the Facepalms. if they set a pre-order price for a week in Australian dollars something terrible will have to happen to the economy to cause them much grief in that time period with a fixed price.

Myers should start selling in usd?
Nice!

Or should board members here start listing in usd too?

As you said same for business, is a big turn off for customers considering rates fluctuate. Hence why people buy in aud so they know exactly what they are paying with no surprises.

If the product cost goes up you raise it in aud and that's what most Australian online stores do.

It's a fair expectation to want Australian companies to list in AU$, it's not that big a deal though, as long as they specify what is AU$ and what is US$.


Does anyone have any idea on the expected timeframe for when TFi plans to open up their new storefront?


@STARRS, you seem to have joined up just to make unfounded declarations about the state of the TFi shop when it re-opens. Can I suggest to take a day off from this thread and maybe have a look around the forum at all the other cool stuff that goes on here.

[Trent]

No one seems to complain about all the Hong Kong sellers (Chimungmng, Robot Kingdom, EhobbyBaseShop, etc) that list in USD instead of HKD...


(I don't agree with it, just pointing out the irony of the situation.)

[UltraMarginal]

haha, I'd love it if Asian sellers sold in Yen or HKD instead of US. it would save me at least a dollar or two (or ten) on a larger order.

[MEEEGGGAAATTTRRROOONNN!!!]

No one seems to complain about all the Hong Kong sellers (Chimungmng, Robot Kingdom, EhobbyBaseShop, etc) that list in USD instead of HKD...

(I don't agree with it, just pointing out the irony of the situation.)

If I were a Hong Kong resident, then yes, I would complain of having to pay in USD.

Besides, I think it is entirely reasonable to expect that if I am shopping locally I pay in my local currency; whereas if I am shopping abroad, I pay in a foreign one (whatever that may be), because either way, i'm going to be slugged with foreign exchange.

In TFI's case, the owner thumps his nationalistic chest -- "support Aussie business!", but hey, now you can pay in US dollars!

[drifand]

No one seems to complain about all the Hong Kong sellers (Chimungmng, Robot Kingdom, EhobbyBaseShop, etc) that list in USD instead of HKD...


(I don't agree with it, just pointing out the irony of the situation.)

They do list in hk dollars though or have the option to choose hk currency

Being that why do you think most hk residents just rock up to their store?

[UltraMarginal]

They do list in hk dollars though or have the option to choose hk currency

Being that why do you think most hk residents just rock up to their store?

I've asked RobotKingdom about using HK dollars and they said US was all they list in.