Changes in Non-USD Accounting

Fotomoto has been offering it’s services to both US-based and international members.  International members using non-USD currencies may have noticed that we added a small feature in the “Orders > Details” and “Orders > Accounting”. All sales and earnings can be viewed in two currencies - selected non-US currency and USD.  This was to prepare for a change that is coming to our accounting system.

Our members can offer their products in 5 different currencies: USD, GBP, EUR, CND, and AUD.  As a US-based company, we can only keep our balance in USD.  While we are going to continue offering these currencies to our members and their customers, we will have to keep everyone’s balance in USD.  Starting July 18th we will convert all users’ balance to USD (based on the exchange rate of the day that the transaction happened).  There will be no change for our US-based member.  Non-US members will see all balances in USD as well as their transaction currency.  We will continue sending you checks and PayPal payments in USD, but if you are using PayPal, you can simple receive your payments in your own currency (even if it’s not one of these 5 currencies).

If you have a non-USD balance and would like to receive your balance in your currency via PayPal, make sure to submit your Payment Request ( found in the Dashboard, Orders > Accounting page) before July 18th.