Hi, am new to the site and selling, could some please tell me how to change/accept multiple currencies. I am sure it is simple but the option eludes me. Thanks in advance. Castle.
I could be wrong but if you use Paypal you can accept payments in any currency. In your store settings you can set which currency to display your prices in, but I believe these will show in the 'home' currency for the customer based on their location at the current conversion rate. So, for example, I am based in the U.K. so display in pound sterling, but someone in Australia would see those prices in Australian dollars and Paypal does all the conversion for me.
So basically I advise buyers which currency I accept in my terms and conditions and they should either pay or convert to those currencies - is that right?
> @BrickGenie said: > Also make sure to enable those currency's in your PayPal account!
I forgot to do that but PayPal asked me if I wanted to accept a payment in USD when I got my first one. That was a couple of years ago though so might have changed.
> @Hoddie said: > > @BrickGenie said: > > Also make sure to enable those currency's in your PayPal account! > > I forgot to do that but PayPal asked me if I wanted to accept a payment in USD when I got my first one. That was a couple of years ago though so might have changed.
Ah, I remember having to manually enable it many years ago but it could well be they've changed it over the years.
From paypal: How to receive payments in a foreign currency: Accept: • You accept the payment and convert it to your primary currency. The current conversion rate applies, or: • You accept the payment and open a currency balance. The payment will be added to this balance. In this case no conversion rate applies. You can use this balance to make a payment in the same currency. Deny: • You do not accept the payment and this will be reimbursed to the sender. You can ask the sender to resend a payment in the correct currency.
If I recall well, *if* the payment is done in a foreign currency and the account is not set up for it, the payment remains in 'unclaimed' status and Paypal sends a mail to warn the receiver he/she needs to take action (one of the above 3 options) before the payment is released to the account.
Comments
> Also make sure to enable those currency's in your PayPal account!
I forgot to do that but PayPal asked me if I wanted to accept a payment in USD when I got my first one. That was a couple of years ago though so might have changed.
> > @BrickGenie said:
> > Also make sure to enable those currency's in your PayPal account!
>
> I forgot to do that but PayPal asked me if I wanted to accept a payment in USD when I got my first one. That was a couple of years ago though so might have changed.
Ah, I remember having to manually enable it many years ago but it could well be they've changed it over the years.
Accept:
• You accept the payment and convert it to your primary currency. The current conversion rate applies, or:
• You accept the payment and open a currency balance. The payment will be added to this balance. In this case no conversion rate applies. You can use this balance to make a payment in the same currency.
Deny:
• You do not accept the payment and this will be reimbursed to the sender. You can ask the sender to resend a payment in the correct currency.
If I recall well, *if* the payment is done in a foreign currency and the account is not set up for it, the payment remains in 'unclaimed' status and Paypal sends a mail to warn the receiver he/she needs to take action (one of the above 3 options) before the payment is released to the account.