Transatlantic money (was Re: [OT] eBay Yet More - FSE & Painted)

On Thu, May 20, 2004 at 11:21:24AM +0100, Tony Francis wrote:

>We ask for sterling cheques because we attract rather painful charges 
>this end in cashing them - I know we ended up doing one small order
from 
>the states effectively for nothing because the charges on the cheque 
>exceeded its value ! Now unfortunately we will simply return any order 
>that comes with a cheque in anything other than sterling because it's 
>not economical for us to cash it.

I know one small publisher (one-man operation) in the UK which does a
lot of business with the USA; it maintains a US$ bank account
specifically so that cheques can be paid in and the money extracted in
bulk, since there's usually a large static component to the charge as
well as a percentage-based one.

Roger