Introducing Zonos iGlobal Checkout and Payment Processor
Regarding currency conversion, it's important to note that the conversion rate mentioned does not reflect the rate consumers would receive. This rate is a benchmark used by large international banks when exchanging significant sums of money. Consumers will see this benchmark rate plus fees charged by the foreign exchange (FX) company. These additional fees account for the constantly fluctuating exchange market, enabling companies to offer consumers a "guaranteed" exchange rate.
For example, if you place an order today for $100.00 CAD and cancel it a month later, you will be refunded the initial $100.00 CAD, regardless of whether the Canadian Dollar's value has dropped. The FX companies bear the risk of fluctuating exchange rates, which can result in losses. The additional fees ensure a guaranteed rate for consumers.
A breakdown of the fee structure can be found below. Please note that this is just an estimation of the fees that will be charged upon checkout and not a guaranteed amount. You can also use the link below for more detailed information regarding your Countries Tax and Import Laws.
Product Total + Shipping Cost = Subtotal
Subtotal + Countries Duty & VAT% = Duties & Taxes
(Tax Amount + $2.00 Flat Fee) + 10% = Landed Cost Guarantee
Landed Cost Guarantee + Subtotal = Overall Total
The Landed Cost Guarantee charge is guaranteed to typically aim to ensure accurate and transparent calculations, so importers can have a clearer understanding of the total cost involved in importing goods. By providing a guarantee, the company takes responsibility for any discrepancies or errors in their landed cost calculations, compensating the importer accordingly
Our overall goal is to create a new platform that enables a seamless shopping experience, from the checkout process all the way to the delivery of products. By achieving this, we aim to enhance our outreach to international customers. If you have aWe are excited to announce our partnership with Zonos, which brings you the Zonos iGlobal Checkout and Payment Processor for a more convenient shopping experience at Troll & Toad. This collaboration aims to enhance the customer experience while simplifying international transactions for our business team. With Zonos, selling cross-border becomes easier, offering full transparency and numerous benefits that streamline the process.
One of the key advantages of Zonos is its automated calculation of duty, taxes, and other fees. This feature eliminates the need for manual quotes and ensures compliance with cross-border e-commerce regulations and fraud prevention measures. By leveraging Zonos, we can eliminate the hassles typically associated with international selling, allowing us to serve our international customers better. If you have any further questions or concerns, please don't hesitate to contact our dedicated Customer Service team. https://www.trollandtoad.com/contact