Currency Settings
This tutorial demonstrates how to fix pricing in more than one currency, and to select a specific currency as the conversion base for pricing in other currencies.
Step-by-Step Tutorial
Pricing & Currencies
The currency options are set in the Pricing section of the Contract settings page.
The price is set by default to US Dollars.
(1) Set a US Dollar price for the contract.
(2) Then click the More Currencies link.
More Currencies - Default Settings
The More Currencies screen contains some helpful text information at the top.
The default price for the contract is shown in US Dollars, and this acts as the 'Base Currency' for this contract unless manually revised. All other prices are dynamically converted and quoted from the Base Currency.
There is an option to 'round up' the resulting price figure that is computed dynamically at the time of purchase should you so require. The default behavior is not to round up.
Main Options
There are two main setting options:
(1) Force Currency: this forces a set price for each selected currency, while leaving the price conversion as dynamic for all other currencies.
(2) To set a new Base Currency and have all other currency prices based on that figure.
Let's review these in turn.
Add a New Currency
Here Euros is added, and a manual value of 95 is inserted. Round up is set to the nearest 0.05.
Press Submit to save.
i. Set as "Force Currency"
Next, Euro is selected as a Force Currency. This means that US Dollars are still the Base Currency, but customers purchasing in Euros will pay a fixed (forced) price of 95 Euros, instead of a Euro price being dynamically calculated from the Base Currency at the time of payment.
Press Submit to save.
ii. Set as "Base Currency"
If your pricing model is based on Euros you may prefer to set the Euro price as your Base Currency and select an appropriate 'round up.'
In this example all other currencies (including US Dollars) will be dynamically calculated from the base price of 95 Euros, except orders in UK Pounds, which has been selected as a Force Currency.
Press Submit to save.
Use of BuyNow Parameters
Currencies can also be set through use of BuyNow parameter strings.
This enables you to set the base currency and/or the displayed currency.
To set the base currency just add the BuyNow parameter &bCur=XXXX where the Xs are replaced by the selected currency,
for instance as shown above: &bCur=EUR
To show a specific currency instead of relying on the automatic optimization add the parameter: ¤cy=EUR
