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Archive for July, 2008
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The following exchange rate(s) includes the administrative charges of the bank and visa/mastercard charges. These charges are due to the foreign currency exchange.
USD 1 = SGD 1.30
Dear Shoppers, Fluctuating exchange rates is indeed a headache for shoppers and organizers. As sprees may take a few days or even weeks for orders to be placed, the exchange rates are going up and down every single day !!
It will not be fair if you are paying for an exchange rate higher than the actual one being charged to the organizer. It will also not be fair for the Organizer to absorb the excess if the exchange rates goes up.
The Solution?
ForeverSpree has implemented an exchange rate close to the market rate. Your first payment for your purchase will be calculated using this exchange rate. However, we will only be charged by the credit card companies a few days after the order has been placed with the merchants. So what happens when the exchange rates goes up and down, from the day you make your payment till the day ForeverSpree is charged by the credit card companies?
We have included an extra factor in calculating your second payment – EXCHANGE RATE DIFFERENCE.
+ When the Exchange Rates DROP :
The excess that you have paid will reflected as a negative exchange rate difference. This amount will then be used to offset your Second Payment.
+ When the Exchange Rates RISE :
The additional amount will be reflected as a positive exchange rate difference. This amount will then be added to your Second Payment.
+ How will the exchange rate difference be calculated?
It will be based on the difference of the exchange rates used to calculate your first payment and the exchange rate that is actually being charged.
- Example 1 :
If your first payment is calculated based on the USD exchange rate of 1.46 for a purchase of USD50 item, you will have to pay 1.46 X 50 = SGD73
If ForeverSpree is being charged at an exchange rate of 1.42, you actual payment should have been 1.42 * 50 = SGD 71
Thus, in your second payment, a negative SGD 2 will be reflected and it will be used to offset your other Second payment charges.
- Example 2 :
If your first payment is calculated based on the USD exchange rate of 1.42 for a purchase of USD50 item, you will have to pay 1.42 X 50 = SGD71
If ForeverSpree is being charged at an exchange rate of 1.46, you actual payment should have been 1.46 * 50 = SGD 73
Thus, in your second payment, a positive SGD 2 will be reflected and it will be added together with your other Second payment charges.
In this way, you will be paying exactly for what you are buying. Every dollar counts right?
Merchant Website :
Each Batch Capped at USD 200
Payment method :
ATM Transfer / Internet Banking Transfer
Login to ForeverSpree and Click Here to view List of Bank Accounts.
Distribution of items :
- Normal Mail
- Registered Mail (Registered Mail add $2.50 on top of normal postage)
- ForeverSpree Home Delivery (Click Here to find out more)
Exchange rate :
Refer to the Exchange Rates Post
Shipping details:
via VPOSTUSA / BorderLinx
Shipping will be divided by Cost of item
Other Charges :
- 7% GST on orders (including Shipping Fees & taxes if applicable) above SGD400.
- Handling Fee of SGD 1 per Item
Start Spreeing Now
Login to ForeverSpree and start your online shopping spree now !! =)
Not a registered user? Click Here to Register with us. It’s Free !!
Spree now and get REWARDED !! Recommend your friends to ForeverSpree and get REWARDED too !! Click Here to find out more.
Enjoy Spreeing !! =)
Merchant Website :
Each Batch Capped at USD 200
Payment method :
ATM Transfer / Internet Banking Transfer
Login to ForeverSpree and Click Here to view List of Bank Accounts.
Distribution of items :
- Normal Mail
- Registered Mail (Registered Mail add $2.50 on top of normal postage)
- ForeverSpree Home Delivery (Click Here to find out more)
Exchange rate :
Refer to the Exchange Rates Post
Shipping details:
via VPOSTUSA
Shipping will be divided by Cost of item
Other Charges :
- 7% GST on orders (including Shipping Fees & taxes if applicable) above SGD400.
- Handling Fee of SGD 1 per Item
Start Spreeing Now
Login to ForeverSpree and start your online shopping spree now !! =)
Not a registered user? Click Here to Register with us. It’s Free !!
Spree now and get REWARDED !! Recommend your friends to ForeverSpree and get REWARDED too !! Click Here to find out more.
Enjoy Spreeing !! =)
Merchant Website :
Each Batch Capped at USD 200
Payment method :
ATM Transfer / Internet Banking Transfer
Login to ForeverSpree and Click Here to view List of Bank Accounts.
Distribution of items :
- Normal Mail
- Registered Mail (Registered Mail add $2.50 on top of normal postage)
- ForeverSpree Home Delivery (Click Here to find out more)
Exchange rate :
Refer to the Exchange Rates Post
Shipping details:
via VPOSTUSA
Shipping will be divided by Cost of item
Other Charges :
- 7% GST on orders (including Shipping Fees & taxes if applicable) above SGD400.
- Handling Fee of SGD 1 per Item
Start Spreeing Now
Login to ForeverSpree and start your online shopping spree now !! =)
Not a registered user? Click Here to Register with us. It’s Free !!
Spree now and get REWARDED !! Recommend your friends to ForeverSpree and get REWARDED too !! Click Here to find out more.
Enjoy Spreeing !! =)
Merchant Website :
Each Batch Capped at USD 200
Payment method :
ATM Transfer / Internet Banking Transfer
Login to ForeverSpree and Click Here to view List of Bank Accounts.
Distribution of items :
- Normal Mail
- Registered Mail (Registered Mail add $2.50 on top of normal postage)
- ForeverSpree Home Delivery (Click Here to find out more)
Exchange rate :
Refer to the Exchange Rates Post
Shipping details:
via VPOSTUSA
Shipping will be divided by Cost of item
Other Charges :
- 7% GST on orders (including Shipping Fees & taxes if applicable) above SGD400.
- Handling Fee of SGD 1 per Item
Start Spreeing Now
Login to ForeverSpree and start your online shopping spree now !! =)
Not a registered user? Click Here to Register with us. It’s Free !!
Spree now and get REWARDED !! Recommend your friends to ForeverSpree and get REWARDED too !! Click Here to find out more.
Enjoy Spreeing !! =)
Merchant Website :
Each Batch Capped at USD 200
Payment method :
ATM Transfer / Internet Banking Transfer
Login to ForeverSpree and Click Here to view List of Bank Accounts.
Distribution of items :
- Normal Mail
- Registered Mail (Registered Mail add $2.50 on top of normal postage)
- ForeverSpree Home Delivery (Click Here to find out more)
Exchange rate :
Refer to the Exchange Rates Post
Shipping details:
via VPOSTUSA / BorderLinx
Shipping will be divided by Cost of item
Other Charges :
- 7% GST on orders (including Shipping Fees & taxes if applicable) above SGD400.
- Handling Fee of SGD 1 per Item
Start Spreeing Now
Login to ForeverSpree and start your online shopping spree now !! =)
Not a registered user? Click Here to Register with us. It’s Free !!
Spree now and get REWARDED !! Recommend your friends to ForeverSpree and get REWARDED too !! Click Here to find out more.
Enjoy Spreeing !! =)
Merchant Website :
Each Batch Capped at USD 200
Payment method :
ATM Transfer / Internet Banking Transfer
Login to ForeverSpree and Click Here to view List of Bank Accounts.
Distribution of items :
- Normal Mail
- Registered Mail (Registered Mail add $2.50 on top of normal postage)
- ForeverSpree Home Delivery (Click Here to find out more)
Exchange rate :
Refer to the Exchange Rates Post
Shipping details:
via VPOSTUSA
Shipping will be divided by Cost of item
Other Charges :
- 7% GST on orders (including Shipping Fees & taxes if applicable) above SGD400.
- Handling Fee of SGD 1 per Item
Start Spreeing Now
Login to ForeverSpree and start your online shopping spree now !! =)
Not a registered user? Click Here to Register with us. It’s Free !!
Spree now and get REWARDED !! Recommend your friends to ForeverSpree and get REWARDED too !! Click Here to find out more.
Enjoy Spreeing !! =)
ForeverSpree