{"id":5595,"date":"2023-08-14T12:39:54","date_gmt":"2023-08-14T11:39:54","guid":{"rendered":"https:\/\/selar.co\/blog\/?p=5595"},"modified":"2023-08-14T12:39:56","modified_gmt":"2023-08-14T11:39:56","slug":"introducing-updated-fx-rates","status":"publish","type":"post","link":"https:\/\/selar.com\/blog\/introducing-updated-fx-rates\/","title":{"rendered":"Introducing Updated FX Rates"},"content":{"rendered":"\n

One of our standout features is the multi-currency system designed to enhance your selling experience.\u00a0<\/p>\n\n\n\n

This means you can earn in various currencies, and your product prices are automatically displayed in the customer’s local currency based on their location.<\/p>\n\n\n\n

However, with the fluctuations of the Naira (bank rates vs black market rates), creators selling in one currency and customers paying in another currency have had a significant issue – the customer does not get debited enough, so when we payout funds, the merchant\/affiliate gets less money than they should. <\/p>\n\n\n\n

Today, we happily announce that we\u2019ve fixed this now. <\/p>\n\n\n\n

We\u2019ve made an update to our FX Rates so you get the best rates and payout when your customers pay in other currencies.<\/p>\n\n\n\n

This update works in two ways; <\/p>\n\n\n\n

Firstly:\u00a0<\/strong><\/p>\n\n\n\n

You can set your product price in your local currency and have Selar automatically convert to other currencies. This is what we call the auto-conversion. With this, customers paying in a different currency will pay for your products based on Selar\u2019s converted prices.\u00a0<\/p>\n\n\n\n

Secondly<\/strong>,\u00a0<\/p>\n\n\n\n

You can set the exact amount your customers pay in different currencies. If you’d prefer to just set one currency and have Selar automatically convert to other currencies – we’ve got you!<\/p>\n\n\n\n

Here’s a step-by-step guide to follow<\/strong><\/a><\/p>\n\n\n\n

With this new update, we’d charge the customers just enough so that when you get paid, you get roughly the amount you set regardless of the prevailing rate.\u00a0<\/p>\n\n\n\n

We hope you love this update, and we sincerely apologize if our rates have been too tough in the past. We’re always working hard to ensure you get paid the most using Selar. <\/p>\n\n\n\n

Note:<\/strong> This update automatically applies to all our products, except if you have set fixed amounts for other currencies. <\/p>\n\n\n\n

Have any questions or need more help? Send us an email at hello@selar.co. We\u2019re happy to help.<\/p>\n\n\n\n

Cheers to doing more together <\/p>\n","protected":false},"excerpt":{"rendered":"

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