Currency Conversion

[Guest]

Hi Guys, I was wondering what is the best way to manage currency conversions.

 

My Base currency is euros and rather than the price of the product changing every day I would like to have fixed pricing.

 

So if the customer selcets Europe they see the price of the product at $100 euros and their credit card gets charged $100 euros

 

And if they selected USA they would see $120 USD and get charged $120 USD

 

Today's actual exchange rate would be $120.34 USD.

 

Q1. What I want though is that the prices remain the same for individual currencies regardless of exchange rate, sometimes we'll win, sometimes we'll lose.

 

 

Q2. What I then need is that their credit card is charged $120 USD and not todays exchange rate of $120.34 USD.

 

I currently collect the details for processing offline but when I process their order using the base currency of $100 euros, they'll be chargerd according to the currency conversion that day and not the $120 USD that they purchased for on the site.

 

Can anyone advise on what payment providers would offer this kind of facility to charge customer A $120 Euros and customer B $120 USD to their credit cards?

 

Thanks,

Alistair

[Guest]

Is anyone able to give me a heads up on this?

[Guest]

payment gateways will charge based on the information you send over. So the static exchange rate osc has in the admin->localization->currencies should automatically take care of that. You adjust the secondary currencies based on the default one. Which should be 1.0000000000 When the customer changes currency the values change according to that rate you set in the currencies page. That info will be send to the gateway.