Managing Currencies with BigCommerce
With BigCommerce you can list prices in multiple currencies and cater to a wide range of customers.
When you create your online store with BigCommerce for the first time, the currency is set based on the location. This is default currency and can be changed at any time.
Transactions are made using the default currency while additional currencies listed will be for display only.
How to Add a Currency:
If you want to add a new display currency to your store, follow these steps:
How to Change the Default Currency:
The default currency is the currency in which you list your prices and in which the transactions and receipts are being made. In order to change the default currency, you will need to add a new currency that will be the default. Create the new currency > click Action > Set as Default.
Sell in Multiple Currencies with Shopify Plus
Selling in multiple currencies allows you to accept payments in multiple currencies. Selling in multiple currencies is a great feature and it is available to Shopify Plus users only.
Your customers from Australia, UK, India or Canada can pay and receive refunds in their local currency. The prices are converted based on the exchange rate and the rounding rules set by you.
Please keep in mind that you can’t set prices in specific currencies. However, you can establish new rounding rules for each currency.
When your customers go to your Shopify store, the store chooses the currency to use based on the location of the customer (using their IP addresses). The prices convert
immediately to their local currency. If the customer’s location uses a currency that is not supported by Shopify, then the default store currency is used.
If you want, you add a currency selector to your store to help customers choose their preferred currency.
When you sell with Shopify Plus in multiple currencies, the store prices are converted automatically to your visitor/customer’s currency. You can set manual prices for items in different currencies.
The rounding rules set the price endings for all converted prices. Here is one example, you could choose to have all USD prices end in $0.99. The converted prices change based on the currency exchange market. The rounding rules, however, help keep the prices as stable as possible.
If you want to edit the rounding rules, go to Shopify Payments Settings.
You can accept or refund payments in the following currencies:
- Canadian dollar (CAD)
- Australian dollar (AUD)
- Euro (EUR)
- Hong Kong dollar (HKD)
- New Zealand dollar (NZD)
- Singapore dollar (SGP)
- United States dollar (USD)
- Japanese yen (JPY)
- British Pound (GBP)
Selling in multiple currencies allows customers to pay for your products using their preferred/local currency.
With Shopify Plus and BigCommerce Enterprise, you can grow globally by acting locally.
Giving your customers access to a multi-currency payment system is an absolute necessity. When compared Shopify Plus vs BigCommerce, Shopify Plus offers you better features and options to increase conversions by allowing customers to pay in their own currency.
Are you ready to grow your audience?