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How to handle multiple currencies on behalf of delegates

  • 1.  How to handle multiple currencies on behalf of delegates

    Posted 23 days ago
    I am getting in a pickle as we have not been asked this before, I want to make the following statement in a proposal but want to be sure this is correct.  We are UK based.  Any help or suggestions are welcome :)

    How do we handle the currencies?

    We have a Barclays bank account for delegate fee's, no matter what currency a client pays their delegate fee's in they are converted into UK Stirling before entering our bank account either by BACS transfer, IBAN or credit card payments. The delegate is responsible for the conversion rate element, it will be whatever the rate is at the moment of registration.  We will receive all monies in UK Stirling and will pay them out in UK Stirling to the client. If we need to pay the hotel/venue in Europe with these fees then the conversion rate to Euro's or whatever currency they charge us in will be guided by Barclays at time of payment.


    #Miscellaneous

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    Eleanor Whitby
    Director
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  • 2.  RE: How to handle multiple currencies on behalf of delegates

    Posted 17 days ago
    Check out this article: https://support.cvent.com/apex/CommunityArticle?id=000002522&Lang=en_US&searchTerm=currencies. Hope it helps!

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    Melissa Thuston
    Sr. Corporate Meeting and Event Planner
    Halliburton Energy Services, Inc.
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  • 3.  RE: How to handle multiple currencies on behalf of delegates

    Posted 15 days ago
    Thank you Melissa, thats great!

    Enjoy your day ahead, Eleanor

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    Eleanor Whitby
    Director
    Red Pepper Events (prev Origin Events (Scotland) Limited)
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  • 4.  RE: How to handle multiple currencies on behalf of delegates

    Posted 16 days ago
    That sounds standard to me. Payments to the hotel will be in the hotels currency and payments to you in your currency

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    Kim Schechter
    Program and Administrative Manager
    Executive Director Inc.
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  • 5.  RE: How to handle multiple currencies on behalf of delegates

    Posted 15 days ago
    Thank you Kim, in a small business it is good to get some feedback from others.  This helps, have a great day ahead, Eleanor

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    Eleanor Whitby
    Director
    Red Pepper Events (prev Origin Events (Scotland) Limited)
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