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Thread: Rands Coming To Steam

  1. #11
    TechThief's Avatar
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    We are just going to have to hope for the best
    Almighty legit one.

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  2. #12

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    Not sure why ppl are negative about this?

    Unless they fk with the region pricing it should result in an immediate 2-3% saving on CC charges.

    Quote Originally Posted by Hiro View Post
    Microsoft ZA store has the best pricing conversion, of around 10-1.
    This is of interest to me...any links/details?
    #hashtag #anotherhashtag #bonushashtag

  3. #13

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    Quote Originally Posted by HavocXphere View Post
    Not sure why ppl are negative about this?

    Unless they fk with the region pricing it should result in an immediate 2-3% saving on CC charges.
    But 14% VAT

  4. #14

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    I'm optimistic.

    Origin has prices in ZAR and they're priced at about the same as retail. Most new releases go for R599, and some for R499 (Witcher 3). While on Steam most new releases are $60. So with our current exchange rate I'd actually prefer Steam to go along with whatever EA is doing.

    Worst that could happen is direct $ to R conversion plus tax. Witcher 3 would be over R800 (R11.89 to $) if that happens. And I don't see the exchange dropping to sub R10 per $ anytime soon/ever.

    Maybe we'll be lucky and get Russian prices. Then we can start a whole lot of game-keys-for-sale related websites for some quick profit

  5. #15

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    Quote Originally Posted by ave View Post
    But 14% VAT
    Would be very weird if that changes. VAT laws are law...it can't change just because currency changes....the VAT laws aren't linked to currency. So if it does change then either the old process was wrong (i.e. should have been paying all along) or the new process is wrong.
    #hashtag #anotherhashtag #bonushashtag

  6. #16

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    hmm...seems I might have been overpaying VAT by 15%.
    #hashtag #anotherhashtag #bonushashtag

  7. #17

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    Quote Originally Posted by HavocXphere View Post
    Would be very weird if that changes. VAT laws are law...it can't change just because currency changes....the VAT laws aren't linked to currency. So if it does change then either the old process was wrong (i.e. should have been paying all along) or the new process is wrong.
    Well the government has implemented / been threatening to implement a digital TAX, which we haven't had in the past, so what people are worried about it that by steam introducing Rand into it's store, this could be the start of them complying / setting up the store to accommodate our new digital tax laws. Let's just say that ever since the law was announced, we've been waiting for it to hit us, so it may be nothing, but we're all just a little paranoid at the moment.

  8. #18
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    Quote Originally Posted by HavocXphere View Post
    Would be very weird if that changes. VAT laws are law...it can't change just because currency changes....the VAT laws aren't linked to currency. So if it does change then either the old process was wrong (i.e. should have been paying all along) or the new process is wrong.
    I think we haven't been paying VAT, but been paying what ever it is in America.

  9. #19
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    Quote Originally Posted by Grievous View Post
    I think we haven't been paying VAT, but been paying what ever it is in America.
    that's exactly it, we haven't. We've been paying what ever the current R-$ exchange rate is, to the T. With this new law the prices then will be more than what is will cost to buy retail. Suddenly you'll see an influx in retail purchases.

  10. #20
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    Quote Originally Posted by BeoTeK View Post
    that's exactly it, we haven't. We've been paying what ever the current R-$ exchange rate is, to the T. With this new law the prices then will be more than what is will cost to buy retail. Suddenly you'll see an influx in retail purchases.
    Unless as suggested Valve has a different price for the products in South Africa, like they have done with other 3rd world countries. Also how much are they currently adding? Surely that tax will be removed. We really just going to have to wait. I mostly buy my stuff on sale anyway, which is generally a lot cheaper than retail.

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