Am I right in thinking that if you go on holiday to another country, you usually exchange some cash into the local currency and pay with that?

Or do you go into a shop in say, Madrid, and ask what something costs in a Dollars?

Certainly you would not try to actually pay in Dollars, would you?

Admittedly there are some exceptions, such as the fast food outlets in Germany near U.S. airforce bases, that really do accept dollars and display the exchange rate on the tills.

But generally speaking, if you are in the U.S. you pay in dollars, in most of Europe you pay in Euro, and in the United Kingdom you pay in Pounds sterling.

So you would think that the same would be true in the on-line world as well, wouldn’t you? [Read more…]