How to Use WooPayments for Multi-Currency Settlement

WooPayments' multi-currency featureAbility to display product prices to customers in multiple currencies. It also allows the customer to view the price of a product from theChoose their favorite currency from the list defined by the website, and then purchase their goods in that currency.

This issue should "Community readers"Request out a tutorial. It describes how to configure theMulti-currency settings, use of multiple currenciesplace and answer some frequently asked questions.

It's the same before we get started. You have to install the plugins if you use them:

Go to the WordPress dashboard and navigate toPlugins → Add New PluginThe

look for sth.WooPaymentsand clickInstallation. This plugin hasChanged name to WooPayments, but people still keep calling it WooCommerce Payments. after installing it on WordPress, it still shows up as WooCommerce PaymentsThe

Enable multi-currency

If the multi-currency feature is not enabled, enable it first:

1. Go to the WordPress Information Center in the"Payment" > "Settings".
2. Scroll down to the bottom and click"Advanced Settings"The
3. decide upon a candidateEnabling multiple currenciesFrame.
4. Click on the bottom of theSave changes.

Configure multi-currency

Once WooPayments multi-currency is enabled, its settings tab will be added to theWooCommerce > SettingsPage.

Initially."Enabled currencies"The list only shows the default store currency for the site.

Enabled currencies

click (using a mouse or other pointing device)Add/Delete Currencybutton displays a list of supported currencies.

From this list, you can select all currencies that allow customers to view prices. After selecting any other currencies to add to the store, click theUpdate Selectedto save the list. Afterward."Enabled Currency"The list will reflect these changes.

Currencies can also be selected by unchecking them and clicking "Update Selected".to remove the currency.

Store Settings

Below the list of enabled currencies will be some options related to how the client's currency is switched.

Automatic currency switching

Check the box."Automatically switch customers to local currency"box that will attempt to geo-target the customer when they visit the site , regardless of theWooCommerce > Settings > GeneralDown."Default Client Location"How to set. Pricing will automatically change to the customer's country's currency if it is enabled in that country.

Attention:Geolocation is not 100% accurate and may not be correct if the customer is using a VPN etc.

Add Currency Converter

If the official Storefront theme is activated, you will see the second option:Adding a Currency Converter to a Storefront Theme. Enabling this setting will place a small currency converter widget in the breadcrumb section of Storefront or in any child theme of Storefront.

Managing Currency

This can be done by clicking on the item you want toManagement Settingsnext to the currency of theManage Links to Manage"Enabled currencies"A single currency in the list.

exchange rates

By default, exchange rates are retrieved daily from the WooPayments server. The time of the last update is shown in the"Automatic acquisition of exchange rates"Under Options.

Attention:Rates are not accurate to the minute and may differ slightly from historical rates viewed on third-party services.

It is possible to switch to a manually defined exchange rate, which will always be used.

rounding up of prices

Round the price to the nearest dollarSet to "None"Any value other than this will round the conversion price of the product to the nearest selected amount. Setting it to"No"There will be no rounding of prices at all.

For example, if the price of a product is converted to5.13and the price rounding is set to0.50, then the converted price will be rounded upward to5.50. If price rounding is set to1.00, then the converted price will be rounded upward as6.00And so on.

For decimal currencies (e.g. USD and EUR), price rounding is set by default. For zero decimal currencies (e.g. JPY), the price rounding defaults to 1.00set to100The

Charm set a price

Charm pricing (also known as psychological pricing) can selectively reduce the price of a converted product by a specific amount, i.e.0.01maybe0.05. For example, if the price of the converted product is2.00, then charisma pricing can be used to reduce it to1.99maybe1.95The

By default, Charm pricing is set tonot haveThe

Preview of converted prices

It is possible to use "previews" section to see how the price in the default currency will be converted to the client's currency for which the settings are currently being edited. It will use the exchange rate and formatting rules set above.

Currency conversion

If want customers to be able to select their currency from the front-end of the site without using a theme that supports this feature by default, then a currency converter block or widget is required.

Block

To add a Currency Converter block, edit any post, page or (more commonly) widget area. Insert the block anywhere that best suits the theme. This can be a widget area such as a sidebar, header or footer.

Insert the currency converter block.

Once the block is added, customers can use it to quickly switch currencies on their account.

widgets

To add the Currency Converter widget, go to theAppearance > WidgetsAnd look for "Currency converter" widget and add it to the best place in the theme.

In Widget Settings, select whether you want the widget to display currency symbols and logos next to the currency name.

Client Default Currency

Finally, the customer can view the account details in My Account > Account Details.page to choose their favorite currency.

Select as the default currency for the client.

Refunds and currency

If a currency exchange payment is to be refunded, the amount deducted from the balance will be in accordance with theConversion back to current rateCustomer's currency. Due to changes in exchange rates over time, the amount deducted may be more or less than the original payment.

The basic principle is that regardless of exchange rate fluctuations between the time of the transaction and the time of the refund, the customer always receives the exact amount and currency of their payment.

For example, ifDeposit CurrencyIn euros, when the exchange rate is 0.88 euros to the dollar and an order of 60 dollars is received, the amount converted is 52.80 euros (excluding fees). If the exchange rate at the time of the refund was 0.86 euros to the dollar, the amount deducted from the balance would only be 51.60 euros.

analyze

hostinganalyzeAll data in the menu will be converted to the default currency of the store.

If you want to see a list of orders placed in a specific currency, you can find it in the"Analyze">"Order"Find the list under. Use the filters at the top to select the currency of interest.

Officials have also added to the order list "Client Currency" column, but you may need to enable it first by clicking the three-dot menu in the upper right corner of the order list.