Subject:
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Re: Erase the 49th parallel
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Newsgroups:
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lugnet.market.services
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Date:
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Wed, 18 Oct 2000 21:24:22 GMT
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Viewed:
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1801 times
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In lugnet.announce, Steve Chapple writes:
> I don't have my BB store http://www.brickbay.com/store.asp?p=SRC
> stocked yet, but given the timing of AucZilla XIV and the unique
> benefit to "my fellow Canadians", I figured I should post this ASAP.
>
> " As part of our effort to provide you with the best service, StRuCtures
> has teamed with Milton Train Works to “erase the 49th parallel.” Any
> Canadian may send Cdn$ to me for a purchase from either store, and
> likewise anyone in the USA may use PayPal to purchase from either
> store. For a minor fee, we will also extend this service to other
> Guild of Bricksmith stores and AucZilla purchases. "
Some clarification on Canadian Factoring.
Yes, Canadian “LEGOmaniacs” are essentially tied in to PayPal via me
and Larry’s factoring service, but this is an enhancement, not any kind of
replacement. Please refer to Larry’s factoring form, instructions and fees.
[ http://my.voyager.net/lar/factor_desc.html ] (He will be updating the
factoring info. when he has the chance, but the changes should be minor.)
The exchange rate is set by me. Generally speaking, this will be a penny
better than the banks. For example, today the rates are:
Bank Sell US – 1.54
SRC Sell US – 1.53
SRC Buy US – 1.51
Bank Buy US – 1.50
Please note that the rates above are for TODAY only, and will of course
change. The fees used in the examples below are also subject to change.
There may be additional fees I don’t mention in the examples – again,
Larry has the final say on most of this.
Here’s a couple of examples. Mr. Brown ;-) wins a bunch of LEGO in
AucZilla XIV. His total including S&H is $100. He contacts me and I
calculate his amount as $100 + $1 each “side of the 49th”. (If the
payment wasn’t for AucZilla or some other “PayPalable” destination,
there would be an extra $1 for writing the cheque.) I check my rate
for today and multiply $102 * 1.53 giving Cdn$156.06. I tell Mr. Brown
to send me $156 (since I round at my discretion) If Mr. Brown lived in
Toronto and mailed a cheque, I'd have to wait for it to clear, but since
he lives right here in “the city of champions”, (Oilers are currently #1,
but will it last?) and is eager to enlarge his castle, he drops by my
office on the way home from work with cash. (You can of course mail
cash if you want, but it’s at your own risk.) I communicate the details to
Larry, who debits my side of our balance sheet for $101 and PayPals
$100 to Todd.
Now let’s suppose that Mr. White buys a “City Park” from LionsGate-
Models.com – a Guild of Bricksmiths store located in Vancouver.
Mr. White lives in Seattle, but doesn’t really want to take a five hour
drive, so he PayPals $53 to Larry, after filling out the factoring form
details. $50 is the amount specified by Kevin for the model including
S&H, to which Mr. White adds $1 for each side of the border, and $1 to
mail the cheque. Larry e-mails me the details and credits my side of
our balance sheet with $52. I multiply $50 * 1.51 and mail a cheque
for $75.50 to Kevin.
These examples are where everything goes smoothly. Pester us with
e-mails or bounce a cheque or something, and you won’t like the result.
If Mr. Brown had paid by cheque and it had bounced, he’d have to pay
the original amount, plus the banks rejection fee (typically $15),
plus his own banks fee (another $15) plus $10 ($5 to me and $5 to Larry).
SRC
StRuCtures
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