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Thread: Why IRUNGUNS advertises in USD...

  1. #61
    CGN Regular Salmoncan's Avatar
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    Quote Originally Posted by bigredchev View Post
    It's a lot more useful to our spouses.


    " it was a great deal honey, I paid 499 and everywhere else had it for 749 so I saved money"
    OMG genius! I've never thought about that!

  2. #62
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    Quote Originally Posted by FyreFighter View Post
    I don't pay anything for bank drafts. The convenience would be that I could go to my bank, get a draft for the $499USD that IRG wants and know exactly how much it would cost me in CDN.

    As it stands right now, I have two uncertain costs:
    • The cost of the item as charged by the CC company
    • The amount of GST which isn't determined until the item gets to Canada which IRG gets charged based on the rate in place when the item is physically imported


    On top of it, you get hit with a $25 USD fee per item for shipping. Seems to me that it doesn't or certainly shouldn't cost the same to ship a little 22 pistol as it does to ship a 50BMG rifle.

    FF
    1-You can call your CC company and ask for the current rate. It'll be something close to posted rate +2.5%.
    2-The variation on the exchange rate between the moment your order an item and the moment it crosses the border and the rate on GST is set is minimal. An extreme case would be about 5% (e.g. the exchange rate is 1.35 the moment your order and 1.40 the moment it crosses the border), applied on a 5% taxes it means a variation of 0.25% of the price of your item. That's 2.50$ on a 1000$ item.

    The flat 25$ fee has probably more to do with filing documents than physically transporting the item itself. In any case, flat fees are clear and easy to understand for consumers, so I appreciate this better than some arcane formula.

    Quote Originally Posted by Airbob10 View Post
    Most Canadian banks offer US Visa or MC Credit cards and chequing accounts. It is really quite simple, I pay with a US Visa. Once the transaction is posted, I transfer the exact US amount from my Canadian account to my US account and pay the bill. No transaction fees, just the exact exchange rate the bank offers me. IRun Guns eats the Visa fee that all suppliers are charged per transaction.
    I then pay the shipping and Canadian taxes with my Canadian Visa. Again, no transaction fees.
    Takes 2 minutes at my computer. Way quicker than going to the bank for a money order.
    You pay the spread when you transfer money from your canadian account to your US account. It's included in the "the exact exchange rate the bank offers me" rate. My bank offered me rates that were not much better than what my CC charges for my volume. There's no such thing as a free lunch with banks, just some deals are better than others.

  3. #63
    CGN Ultra frequent flyer FyreFighter's Avatar
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    Calling your bank will not get you the percentage that your charged at. That percentage is not set on the day you order but rather on the day that the charge is posted. This can be 2 to 5 days later.

    The GST you are charged is not determined at the rate on the day you order, it is done on the day it crosses the border. This can be a month later.

    Tack on shipping x2 and with all those "stacked tolerances", the deal may not be so hot as initially assumed.

  4. #64
    CGN Regular MikeyScuba's Avatar
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    Using the Amazon.ca card is close to a no fee Visa card. I've done the math and visa/mc must set the daily rate whenever the currency is lowest that day plus a little extra. The 1% cash back on the amazon card negates the .75% "no-fee" exchange rate. Pretty good if you ask me. Makes the other cards in reality a 3% forex fee.
    __Members__
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  5. #65
    CGN frequent flyer j2kool's Avatar
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    Quote Originally Posted by bigredchev View Post
    It's a lot more useful to our spouses.


    " it was a great deal honey, I paid 499 and everywhere else had it for 749 so I saved money"
    agree

  6. #66
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    Amazon card is no long available.

  7. #67
    CGN Regular Sinbad's Avatar
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    What are you talking about? Yes they are.
    Quote Originally Posted by Jrome View Post
    Amazon card is no long available.

  8. #68
    CGN Regular captainmike's Avatar
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    got the visa Marriott rewards and no fees
    i travel a lot in the us for work and use this card for all my us transactions
    best solution for compared to my canadian bank card and fees and varie from 2.5 to 4 % depending on the bank
    i did a lot of research before choosing my credit card
    i never been a fan of anything or anyone but i am very pleased
    with the items i get from IRG and the process and price was good for me

    keep up the good work guys

    mike


    Blondie: You see, in this world there's two kinds of people, my friend: Those with loaded guns and those who dig. You dig.

  9. #69
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    Quote Originally Posted by Sinbad View Post
    What are you talking about? Yes they are.
    I went to amazon.ca and it says the application for this card is no longer available.

  10. #70
    CGN Regular auracle's Avatar
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    Quote Originally Posted by FyreFighter View Post
    I don't pay anything for bank drafts. The convenience would be that I could go to my bank, get a draft for the $499USD that IRG wants and know exactly how much it would cost me in CDN.

    As it stands right now, I have two uncertain costs:
    • The cost of the item as charged by the CC company
    • The amount of GST which isn't determined until the item gets to Canada which IRG gets charged based on the rate in place when the item is physically imported


    On top of it, you get hit with a $25 USD fee per item for shipping. Seems to me that it doesn't or certainly shouldn't cost the same to ship a little 22 pistol as it does to ship a 50BMG rifle.

    FF
    Lol it obviously doesn't cost the same to ship a 50 bmg as a 22 pistol. It costs way more. Don't like their policies, don't buy from them. They have access to a lot that we don't from our canadian distribution network, or is a lot cheaper even with their "nefarious hidden fees". They also have items that are more expensive than what we have here. Don't buy those items. As for the money order/ bank draft, that is a very inefficient way of transacting. If i had their business I wouldn't do it either.
    Find out how much above the prime posted exchange rate your cc charges and all of a sudden those uncertain charges become more certain.

    Or again just don't buy from them.

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