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Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
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Mood: Full Time Residents
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why would this hurt the tourist business???
just accept dollars and deposit them
if you deposit over $1200 then you pay a fee of 3%
it's the cost of doing business
kinda like taking credit cards 3%
costco and home depot was a good deal
as they gave you bank rates of exchange
but no more
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Eli
Super Nomad
Posts: 1471
Registered: 8-26-2003
Location: L.B. Baja Sur
Member Is Offline
Mood: Some times Observing, sometimes Oblivious.
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Bob & Susan, I can't even begin to tell You how happy I am for you that the 3% fee would not affect you economically, wow, that is awesome, you
must be doing great!
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ckiefer
Nomad
Posts: 258
Registered: 12-12-2007
Location: LaJolla
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Some days Costco gave an even better rate of exchange than the bank across the street. If my memory is still intact, I believe that the rate of
exchange when using my credit card was reasonable as well.
Some of us just enjoy the sport of finding the best deals. My father and I were always in competition with who could find the best deals at the gas
pump.....but then I moved to California and all bets were off! He always wins now! 
Any word on the t.p.? 
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
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| Quote: | Originally posted by Eli
Bob & Susan, I can't even begin to tell You how happy I am for you that the 3% fee would not affect you economically, wow, that is awesome, you
must be doing great! |
Two points:
First, as Judy mentioned, if the dollar, or any other currency loses sufficient exchange value, foreign businesses will be less accepting. Second, I
would assume that in a capitalist, free enterprise situation, a business that encounters higher costs, will merely pass those costs on to the
customer. Consider credit cards. In the states, they are almost universally accepted without a surcharge (ARCO stations would be an exception). There
was a time when one couldn't use a credit card at many merchants, big and small. Now you can. It's no secret that the cost of the transactions are
built into higher overall prices. That said, do they not charge a fee at places like Walmart and Costco in Mexico if you use your card?
A friend of mine was at the Mega store in San Jose earlier this year. He was buying drugs at the farmacia. When he handed them his credit card, they
promptly escorted him over the a customer service desk, which was the only place in the store that could transact credit. And, there was a service
charge added.
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ckiefer
Nomad
Posts: 258
Registered: 12-12-2007
Location: LaJolla
Member Is Offline
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Bajahowood,
Was at that same famacia on a short trip in July buying meds, used my discover card at the counter. No trip to the customer service desk. Wonder
what's going on? 
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
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Haven't a clue. Just passing on what I was told.
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oxxo
Banned
Posts: 2347
Registered: 5-17-2006
Location: Wherever I am, I'm there
Member Is Offline
Mood: If I was feeling any better, I'd be twins!
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Okay, two points.
Two weeks ago I was in line at San Lucas Costco behind a gringo who owns a fishing charter business on the East Cape. He bought over US$300 in
groceries and wanted to pay in dollars. Costco clerk said, "no lo puedo." The gringo was insistent. Finally they had to ring up four different
checks of under US$100 each and he paid for each check with dollar amounts of less than US$100 separately. I watched and waited 15 minutes while the
whole scenario evolved right before my eyes. I could have moved to a different line, but this slice of drama was just too much fun to watch! Sure,
you can spend more than US$100 at Costco, you just have to know how to play the game.
Point two. Costco in San Lucas restocks on Thursdays. I went there today and they were out of what I needed. I'll be back on Friday. Coconut husks
are a pain in the butt! 
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
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Was wondering if the decision was made by the clerk, or if management became involved. Just think that if the store had a policy, the clerk could risk
being fired.
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oxxo
Banned
Posts: 2347
Registered: 5-17-2006
Location: Wherever I am, I'm there
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Mood: If I was feeling any better, I'd be twins!
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| Quote: | Originally posted by Bajahowodd
Was wondering if the decision was made by the clerk, or if management became involved. |
I know the manager at Costco - Alberto. He was not involved, but a floor manager came over and approved it.
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bajajudy
Elite Nomad
Posts: 6886
Registered: 10-4-2004
Location: San Jose del Cabo,BCS
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| Quote: | Originally posted by oxxo
Point two. Costco in San Lucas restocks on Thursdays. I went there today and they were out of what I needed. I'll be back on Friday. Coconut husks
are a pain in the butt! |
We went to Walmart and found TP that came with a cute little can to keep the extra rolls in. We asked the cashier if they would accept over $100 in
cash and she said yes.
BTW. There will be a Walmart in San Jose soon. Next to Caboley and across from the bus station,
[Edited on 11-15-2010 by bajajudy]
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Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
Member Is Offline
Mood: Full Time Residents
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walmart is marketing the new toilet paper
WITHOUT a cardboard roll inside
what else will the future bring?
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Eli
Super Nomad
Posts: 1471
Registered: 8-26-2003
Location: L.B. Baja Sur
Member Is Offline
Mood: Some times Observing, sometimes Oblivious.
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That would be just perfect for me Judy. I could take the bus in to see my friends, go shopping at the art supply store down the street, wrap her up at
Walmart and hop back on the bus home, coooooooooool!
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bajajudy
Elite Nomad
Posts: 6886
Registered: 10-4-2004
Location: San Jose del Cabo,BCS
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| Quote: | Originally posted by Bob and Susan
walmart is marketing the new toilet paper
WITHOUT a cardboard roll inside
what else will the future bring? |
Did I miss something?
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Pescador
Ultra Nomad
Posts: 3587
Registered: 10-17-2002
Location: Baja California Sur
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| Quote: | Originally posted by rts551
If you are making the dollars in Mexico from a legitimate business...Why not deposit them in the bank and then spend pesos. |
Because you can only deposit $15,000 pesos per month without being charged a tax which makes your money worth a lot less.
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Eli
Super Nomad
Posts: 1471
Registered: 8-26-2003
Location: L.B. Baja Sur
Member Is Offline
Mood: Some times Observing, sometimes Oblivious.
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Another consideration regarding the tax issue on the dollar, yep, it will be passed on to the client. In our area some of the restaurant's menu's are
priced in Dollars. I think that the 3% tax would be considered in their pricing, increasing the cost for all of us whiter we use pesos or dollars. I
know, No big deal, just don't eat at the restaurant. Which means less revenue for the restaurant, less jobs for locals working at that restaurant. It
does affect local economy.
For me and my gallery, well, what the heck, in a week, I am very lucky I have never pulled in more than a few hundred dollars or equivalent in pesos
anyway, if I did choose to deposit my income it wouldn't affect me, I just don't like to go to the bank and minimize my transactions accordingly. So,
no biggie on a personal level, I just feel for the people that it does affect. they are having a hard enough time of it as it is.
Sara
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Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
Member Is Offline
Mood: Full Time Residents
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we have been "spoiled" along time...
using american dollars in mexico was a great advantage
but...
it may be over
you have to remember the mexican economy
IS NOT entirely based on the tourist dollar
the dollar does contribute...don't get me wrong
there are HUGE manufacturing plants
oil production
large farms
trucking
subways
tall buildings
universities
etc in mexico
i still haven't found an easy way to move dollars
to pesos but i'm working on it
bank transfers are expensive and slow
small businesses will take dollars for along time
the big businesses won't
you have to sell ALOT of hamburgers
to make AND deposit 15,000 pesos in a month
in the bank and be charged the 3%
tourists should plan on converting dollars to pesos
before they travel
it's very easy at the border
remember canadians cannot
spend "the loonie" in mexico
what do they do?
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Santiago
Ultra Nomad
Posts: 3531
Registered: 8-27-2003
Member Is Offline
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| Quote: | Originally posted by Pescador
| Quote: | Originally posted by rts551
If you are making the dollars in Mexico from a legitimate business...Why not deposit them in the bank and then spend pesos. |
Because you can only deposit $15,000 pesos per month without being charged a tax which makes your money worth a lot less. |
Pescy: didn't you mean $15,000 dllrs? Mexican governments can't possibly be charging a tax to deposit pesos, no matter what the amount. Right?
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Santiago
Ultra Nomad
Posts: 3531
Registered: 8-27-2003
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Uh-ho, now I see Bob said $15,000 pesos too. Let me get this right: You have a small business that generates the equivalent of $1225 dollars per
month (that's only $56/day if you're open 6 days a week) in the local currency and the government charges a tax for monthly deposits on any amount
above that?
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oxxo
Banned
Posts: 2347
Registered: 5-17-2006
Location: Wherever I am, I'm there
Member Is Offline
Mood: If I was feeling any better, I'd be twins!
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| Quote: | Originally posted by Santiago
Uh-ho, now I see Bob said $15,000 pesos too. Let me get this right: You have a small business that generates the equivalent of $1225 dollars per
month (that's only $56/day if you're open 6 days a week) in the local currency and the government charges a tax for monthly deposits on any amount
above that? |
My understanding is that the tax only applies if you are depositing the equivalent in US dollars. You can deposit any amount you want without a tax
if it is a peso deposit.
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bajalou
Ultra Nomad
Posts: 4459
Registered: 3-11-2004
Location: South of the broder
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I thought I read that the tax can be used as a credit against your Mexico income tax. ??
No Bad Days
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