Canadian Signing Up for Commission Junction - Which Currency The Best?

Discussion in 'Commission Junction' started by muncle, Sep 5, 2008.

  1. #1
    I'm looking to sign up with commission junction (cj.com) and it's asking me to choose desired currency claiming that I won't be able to change it anytime in the future. I'm tempted to choose Canadian Dollars, because that's my home currency, but would I be sacrificing anything? Do they apply some weird exchange rates or something/ Would I be better off signing up with US dollars as desired currency and just collect US$ in my US account?

    Somebody, please help :)
     
    muncle, Sep 5, 2008 IP
  2. desilator

    desilator Peon

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    #2
    I went with the CANADIAN dollar.. just to keep it all simple.
     
    desilator, Sep 5, 2008 IP
  3. genchev

    genchev Well-Known Member

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    #3
    I'll go with the USD. You can always exchange them for canadian ones.
     
    genchev, Sep 6, 2008 IP
  4. tvmatt

    tvmatt Peon

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    #4
    Go with Canadian dollars. Either CJ will do the conversion from USD to CAD, or you'll have to do it yourself. Your bank may charge fees to do a currency conversion, so it's probably not worth it to get paid in USD and then exchange the money yourself.
     
    tvmatt, Sep 6, 2008 IP
  5. muncle

    muncle Guest

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    #5
    I know I could exchange US dollars for Canadians easily, that I wasn't concerned with. I'm more concerned about how commission junction pays commissions in foreign currency. I can imagine that most of the sponsors do business in US dollars. Hence if you promote a product from a sponsor that pays (for example) US$25 per sale, you would get US$25 from CJ provided your account is in US dollars. Where as if you choose the payment in Canadian dollars, CJ may only send me $24 Canadian or less (I'm just shooting blanks, i don't know how it works, hence I ask).

    I mean my question is - does CJ pay fair equivalent of the commission earned even if my account is in the currency other than the US$, which is without doubt the currency CJ gets paid from their advertisers in.

    Do I make any sense to anyone still?
     
    muncle, Sep 6, 2008 IP
  6. tvmatt

    tvmatt Peon

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    #6
    tvmatt, Sep 6, 2008 IP
  7. Guidance

    Guidance Peon

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    #7
    Its probably easier if you accept the payment in USD. After you reach some amount, you can exchange to CAD.
     
    Guidance, Sep 6, 2008 IP