As an online store owner, expanding your customer base is crucial for growth. One way to achieve this is by selling globally, and almost 93% of online retailers accept international payments and offer international commerce. To do this, you need to set up your online store to accept multiple currencies in WooCommerce. In this guide, we will show you how to enable multi-currency options in WooCommerce and the benefits and options available to you.
WooCommerce comes with an in-built payment processing system that allows store owners to process payments through PayPal, Stripe, bank transfer, and checks. It also makes it easy to update products and manage orders. Additionally, you can upload as many products as you want to your store with product photos, categorize them, and enable ratings and feedback to generate engagement. Since WooCommerce is a WordPress plugin, your store will be SEO-optimized from the start, and it supports a wide range of plugins and extensions that allow you to extend the core functionality.
To sell products globally or in different currencies, you need to enable multi-currency options in WooCommerce. This means that you need a way to display the price the customer has to pay in their preferred currency. By displaying the product price after calculating the exchange rate, you’ll be able to enhance the shopping experience for international customers on your WooCommerce store. WooCommerce by default only allows you to offer one base currency at a time on your online store. However, WordPress and WooCommerce are extendable, so you’re not limited to the currency of the country you’re operating in.
Offering multi-currency options for all products on your WooCommerce store is a great way to enhance the shopping experience for all types of customers. International shoppers will feel at home browsing through your products and adding them to their shopping cart without having to calculate exchange rates, fees, and taxes. You can show customers the currency that’s relevant to them based on their country.
By using a multi-currency switcher, you can display currencies based on the country shoppers are located in. It’s also important to show customers the correct price formats for avoiding confusion between similar currency symbols. Additionally, by using multi-currency, you can show customers the correct exchange rate, which automatically updates prices for all WooCommerce products on your online store.
With multi-currency enabled in WooCommerce, when a customer adds a product to their cart, they will see the product’s price in their currency. Then, the exchange rate is applied, and the correct price is calculated on the fly. After that, customers can pay in their preferred currency as the converted prices are applied at checkout.
You can display payment gateways by currency or by country on your WooCommerce store. This means that you can offer payment gateways based on the currency your customers are familiar with or based on the country they’re located in. Customers are usually more familiar with their local payment processors. Offering them a local payment gateway makes it easier and more convenient for them to buy from your WooCommerce store.
Showing customers WooCommerce product prices in their currency is a great way to sell to shoppers from all across the world. It can also help reduce cart abandonment on your WooCommerce store. You can show customers prices in their currency by using WooCommerce Prices and Currencies by Country module.
If you’re using different currencies to display product prices on your store, you may want to set up exchange rates in WooCommerce. This involves deciding how exchange rates are updated and selecting the server for the exchange rate. Using the WooCommerce Currency Exchange Rates module, you can set exchange rates for all currency pairs used on your WooCommerce site.
Consider using a multi-currency switcher if you’re going to be using different currencies on your WooCommerce store. This way, customers can select their preferred currency from the single product page before adding the product to their cart. Changing the WooCommerce default price format lets you display the correct format for prices in different currencies available on your eCommerce store. If you can’t seem to find your preferred currency in the default WooCommerce settings, you need to add more currencies to your store.
In conclusion, accepting multiple currencies in WooCommerce is essential for catering to a global customer base. Shoppers from all over the globe will be able to browse through your WooCommerce products, add products to their cart, and checkout in their preferred currency. By enabling multi-currency options, you can enhance the shopping experience for all types of customers and grow your customer base.