Introduction
Are you trying to spread your online store globally? The first and most important thing is to enable multi-currency in your store. You want your online store to cater to customers from all over the world, so it is highly needed to set up multiple currencies. I’ll tell you how it works. When you allow customers from different regions to purchase from your site, currency matters the most. They will try to purchase in their native currency rather than paying with exchange rates. Adding multiple currencies helps boost so many aspects of your marketplace woocommerce site.
And of course, out of the many benefits of adding multiple currencies, one thing is sure: your business will grow. So, if you are looking to boost your online store, adding multi currency in WooCommerce store is the best solution. And here is the perfect tutorial that gives a complete round-up of adding multi-currency to the Woocommerce store.
Why to Setup Multi Currency in Woocommerce Store?
An online store with multiple currencies helps boost the number of customers on your site. Like this, there are more benefits you must go through:
1. Growing Your Business
Customers often lose interest in some e-commerce sites as the store does not have their preferred currency. Giving them multi-currency options builds a strong image, and more customers get to know about your site.
2. Build Trust Among Customers
When you allow multiple currencies on your site, eventually customers will find your brand worldwide, giving a high-rise user experience. Allowing customers to pay in their preferred currency builds trust among them, engaging them to visit your site again.
3. Reducing Cart Abandonment Rates
Adding multiple currency options also helps reduce cart abandonment rates. Most of the customers simply abandon their carts just because they do not have their native currency. And if they apply the exchange rates, there is no idea how much the product will cost at last.
How Do You Accept Multi Currency in WooCommerce Store?
- On your Woocommerce store, the prices are set to USD format by default. To enable multiple currencies on your Woocommerce store, you need to set up multiple taxes and shipping zones.
- To do this, visit the Settings section under the Woocommerce tab of the dashboard area.
- On the Settings page, hover over the Tax tab and then the Tax options.
- Under various options in front of “Calculate Tax Based on," select “Customer Shipping Address.”.
- Next, on the same page, switch to the Standard Rates section, which enables the manual setting of the tax rates of different countries. With this option, you can set different tax rates for every country the user purchases from.
- Now to set the shipping zone, head back to the Settings page and hover over the Shipping tab and then the Shipping Zones.
- You need to create a shipping zone by tapping “Add Shipping Zone." Then add the zone name and region based on the postcodes.
- Next, you need to tap on the “Add Shipping Method” to add a shipping method. You need to choose shipping rates as per your desire. For example, you can set the shipping with woocommerce rate at zero for local deliveries and keep on ranging according to the area of purchase.
Top 3 Best Plugins to Setup Multi Currency in WooCommerce Store
Getting a plugin to set up multi-currency on your WooCommerce store becomes much easier when you use plugins. And that too becomes much more efficient when you know the right factors to choose the best multi-currency plugin.
- Before choosing any multi-currency plugin, make sure that it is user-friendly and easy to figure out easy exchange rates.
- The chosen plugin must support various country currencies along with the native currency.
- Also, the plugin must support additional features like custom exchange rates, various currencies for Woocommerce, and currency selector widgets.
Here are some of the best plugins to set multi-currency on the WooCommerce store:
1. WooCommerce Multi Currency Plugin by Premmerce
This Woocommerce multi currency plugin is a top-tier solution if you are looking to set up multi-currency on your Woocommerce site. The plugin itself is a complete solution, bundled with so many features to add on. It comes with multi currency in WooCommerce, along with adjusting prices as per local prices and taxes. Not just this, it comes with advanced features like automatic currency changing as per customer location.
The plugin even lets you enable base currency at the product level. This helps in setting prices as per different locations, meets supplier requirements, and protects customers from fraud. Apart from these features, the plugin allows the creation of two identical currencies with different exchange rates. Also, it comes with a currency switcher widget that helps users switch to their desired currency for the purchase.
2. Woocommerce Multi Lingual and Multi Currency
Start selling online with this hassle-free and intuitive plugin to accept multiple currencies. This multilingual and multi-currency woocommerce plugin WordPress is completely user-friendly and performs well even if the store is large. The name itself says that, apart from enabling multiple currencies, it supports multiple languages on your site. Reaching customers from all over the world is just made possible by this plugin. It helps translate every single feature on your site. Apart from this, it enables currency switchers to format currencies, set their exchange rates, and more.
If you are building WordPress website with multi-lingual capabilities, then you must check out our previous blog on easy ways to create multilingual website WordPress.
3. YayCurrency - Woocommerce Multi-Currency Switcher
Discover the game-changing capabilities of YayCurrency, the advanced WooCommerce Multi-Currency Switcher plugin designed to revolutionize your online store. With YayCurrency, you can effortlessly transform your e-commerce platform into a global marketplace, catering to customers from diverse regions and currencies.
YayCurrency empowers you to tap into new markets and expand your customer base with ease. Whether you're targeting international audiences or simply catering to local customers with diverse currency preferences, this woocommerce plugin WordPress offers unparalleled flexibility and convenience.
What's more, YayCurrency integrates seamlessly with WooCommerce, ensuring a hassle-free setup process and smooth operation. You can customize currency display options, set exchange rates, and even automatically detect customers' locations to display the appropriate currency.
How Do I Set Up Multi Currency in Woocommerce Store?
To set up multi-currency on your Woocommerce store, we are using the Woocommerce multi-currency plugin. We have already explained how feature-rich the plugin is, so we will move directly to the process.
Step 1: Enable Multi-Currency Mode
- What you need first is to install and activate the plugin on your site. Once it is done, visit the Dashboard area of your site.
- Under Woocommerce, tap the Woocommerce Multi-lingual and Multi-currency options in the list.
- Here, you need to check the box beside “Enable and Disable Multi-currency Mode.”.
Step 2: Set up Currencies
- On the same page, you can set up currencies for your marketplace woocommerce site. It helps in setting the currencies for your site along with exchange rates for different countries.
- Simply fill up the fields to set currencies, and once done, tap the Save button.
- Also, you can check the option currency availability in all countries at the end.
Step 3: Configure Custom Prices for Different Countries.
The user-friendly plugin allows adding the exchange rates manually or automatically. But instead of setting fixed prices, they can use custom prices for each currency type. This plugin allows this feature in its settings panel, with easy currency types separated on the page. You simply need to fill in the details for setting custom prices. The biggest benefit of using custom prices is customer satisfaction. Users can easily find their native currencies on your site.
Step 4: Add a Currency Switcher
Adding a currency switcher lets customers easily switch between currencies on your site. To add a multi-currency switcher, there is a custom widget option available with the plugin. The currency switcher can be easily matched with the overall website design. Also, the plugin lets you decide the styling and placement of the currency switcher on your site.
Step 5: Setup Payment Gateways
This is the step where you need to set up secure payment gateways on your site. This will help you configure the woocommerce conditional shipping and payments options in different currencies.
- To set up payments, visit the Settings page under Woocommerce and then the Payments tab. This section helps manage the individual payment options.
- The entire page is dedicated to setting up individual payments based on the customer’s billing address, countries, and more.
- And finally, you have the multi-currency option on your site.
- Try to review it to see if it works well or not.
Conclusion
So, now you know how adding multi currency in WooCommerce store works to boost your business. The above blog is in front of you having all the right assets to build your online store. Adding multiple currencies to your store comes with a lot of benefits. You gain customers’ trust, grow business worldwide, and more. Also, your business reaches globally, with more clients connecting and purchasing from your store. If you are an online store owner and are thinking about how to expand your business, this blog is for you. Making your business have a global reach is only possible when you have a great plan to add multiple currencies. And this blog is a perfect guide to help you set up multi-currency on your store.
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