We thought long and hard about how we’d setup the payment method for The Tech Tribe.
And in the end we decided to make all of our pricing in US Dollars 💲
What this means?
Even though we’re (mostly) based in Australia, a big chunk of our Tribe members are from all 4 corners of the world and we wanted to work with a currency that everyone is familiar with.
The US currency is the most globally accepted currency at the moment (until Bitcoin takes over 😉), so we decided to settle on that.
What about currency shifts?
Sure, there may be currency shifts from time to time that might make your membership cheaper some months and more expensive the next.
But the reality is that unless you are one of those unfortunate people who are living in a country with hyper-inflation – then these shifts are only going to be very minimal in the grand scheme of your business.
And to be brutally honest – if you’re worrying about these slight shifts – then you’re focusing on the wrong thing (sorry to say, but it’s our job to dish out some tough love from time to time – that’s what you pay us for right?).
Plus, if we were to offer local currencies, we’d set our prices to be considerably more than what they currently translate to now so that we protect our business from global currency shifts.
(for example, if $49 USD converted to $90 AUD, then if we were going to offer AUD as a currency, we’d set our AUD pricing at something like $125 to build in that sustainable protection for us).
Keep in mind, that for most MSPs, the value of the Tech Tribe is FAR, far more than the monthly price. We (honestly) get told regularly that we’re severely under-charging and should increase our prices drastically. But that goes against our ethos of being able to serve even the small MSPs, so we don’t.
I’m in Australia – what about GST?
And if you’re one of our fellow Aussie Tech Tribers – here’s more info on how GST is managed to make sure we keep our friends at the Australian Tax Office happy.