S
S

Sadboysales

Account Executive

Opinionated
Member
Fire Starter
+3

Commision Currency Question

So I closed a $150k USD deal at the end of the year last year and have a 10% commision rate, so I get 15k USD in commision.


The issue is, i'm employed in Europe and I am paid in Euros. The exchange rate from USD to Euro has also dropped 2% since I closed this deal.


Should I be getting paid the current conversion rate today or from the date I closed the deal? Am i being an asshole if I ask for the exchange rate in December?

💰 Compensation
🍾 Commission
15

16 comments

Sort by:
SoccerandSales
Big Shot
6
Account Executive
I would imagine that it would be the exchange rate at the time you are being paid out
Sadboysales
Opinionated
0
Account Executive
Good to know
BTQ
Politicker
3
Account Manager
I think you might be SOL. I don’t think you can retroactively ask for the currency exchange rate at a different time
jefe
Arsonist
3
🍁
It will be the time you're paid out. I've often billed in USD and been paid in CAD.

The upside (or downside) just really depends.
CuriousFox
WR Officer
2
🦊
Would the employee contract state this?
jefe
Arsonist
2
🍁
It should. Probably can depend a little on how one’s employer’s accounting is setup, but if it goes into a USD account (in my example) then you’ve earned 10% of that commission, which won’t change. But the payroll account will be in the home currency and pay will come from there. So the math would happen when you’re paid
poweredbycaffeine
WR Lieutenant
2
☕️
You’re going to be paid the value of the euro at time of payment. That’s unfortunately how it goes with delayed commission payments.
detectivegibbles
Politicker
2
Sales Director
Zero experience with this but I like to find solutions.

Can you go to leadership and ask for a "floating" % to offset the difference?
HVACexpert
Politicker
1
sales engineer
What does it say in your contract? Or is there company guidelines, handbook, etc that explains it? I would assume this is in writing somewhere. I understand the rate sucks a bit, but it could also benefit you at some point in the future when the exchange rate goes up.
UncleHoho
Good Citizen
1
Account Executive
I get paid internationally as well. This is a definite drawback. Some months it makes me want to cry
oldcloser
Arsonist
1
💀
If the company collects less due to conversion rate your 10% holds but on the lower amount, unfortunately. I'm gonna bet if the Euro went up you wouldn't see more than 10% on the ACV either. What a country
Justatitle
Big Shot
1
Account Executive
If they're agreeing to pay you in USD, I don't think they would be able to do much for you as your org isn't a speculator in world currency.
Diablo
Politicker
1
Sr. AE
Ask your revops who might be able to clarify. Our compensation is simple - sell in USD and earn in CAD !
ZVRK
Politicker
1
Enterprise Account Executive
I’ve had this happen many times, Ive always been paid with the rate on the day if payment.
Pachacuti
Politicker
1
They call me Daddy, Sales Daddy
Do you get paid on the day you close the deal or only after your company gets paid? IMO the conversion rate ought to be set on the day you'd actually get paid because it could have swung just as easily the other way.
Maximas
Tycoon
0
Senior Sales Executive
Do you a term in your contract that regulates that situation!
To me it's fair to get paid at you were expecting and the 2% should be covered by your company, so give it a shot and ask for the difference if possible.

Related posts

16

Question with Exchanging commish

Question
🐱 Off-Topic
10
8

Support question - how long to be contacted after cashing commish?

Question
🏹 War Room
8
16
Members only

Bravado comission Question

Question
🐱 Off-Topic
25
Bravado is a community of trusted sales professionals endorsed by their customers.
Apple Store logo
Products
The War Room Jobs Salary Guide Tech Sales U
Company
About Us How It Works Blog Bug Bounty
Contact
Press Careers
© 2024 Bravado Inc. All rights reserved.
Privacy Policy Legal and Privacy Center Sales Jobs
If you are hired as a contract sales rep by a Bravado customer, we may ask you to prove access to the employee email account provided to you by that customer. This data will be shared with customers to track your sales productivity; customers can use this data to confirm you meet the minimum activity requirements to pay out your ramp stipend and commission.