![\"Leoty\"](\"https:\/\/adoric.com\/best-shopify-apps\/wp-content\/uploads\/2022\/06\/Leoty.png\")
<\/p>\nSelling in multiple currencies on Shopify has numerous benefits.\u00a0<\/p>\n
Firstly, it makes it easy to personalize your shoppers’ buying experience. Buyers love it when they have the option of making payments using their native currencies.\u00a0<\/p>\n
Another reason why enabling Shopify multicurrency makes sense is that it can help reduce cart abandonment on your website. Considering the high exchange rate of the US dollar in many countries, shoppers tend to abandon their cart at checkout when they only have the option of paying in USD.\u00a0<\/p>\n
Lucky for you, enabling multicurrency at checkout on Shopify is not difficult. It\u2019s so easy that you can set it up in minutes.\u00a0<\/p>\n
In this post, you will learn the benefits of enabling multicurrency for your eCommerce business. Best of all, we will show you how to set it up without hassles.\u00a0<\/p>\n
Let\u2019s dive in!<\/p>\n
When you sell in multicurrency, you give shoppers the option of paying for products in the currency that best suits them. Take Ernest Leoty, for instance. It gives customers the option of paying in several currencies.\u00a0<\/p>\n
These include Australian Dollars (AUD), Canadian Dollars (AUD), Hong Kong Dollars (HKD), and many more.\u00a0<\/p>\n
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Of course, you don\u2019t have to limit yourself to these currencies; you can add dozens more.\u00a0<\/p>\n
Leoty isn\u2019t the only store selling in multiple currencies; many other Shopify stores are doing the same. If you haven\u2019t implemented a multi-currency on your store yet, it\u2019s about time you did.<\/p>\n
To make selling in multi-currency a lot more effective, you might have to use a geo-locator app. This app is capable of detecting the country your buyers are based. When it does, it automatically gives the buyer the option of paying in the native currency of that country.<\/p>\n
Selling in different currencies makes no sense if you only sell to your local market. In such an instance, accepting payment in only your local currency can suffice.\u00a0<\/p>\n
However, if you want to expand to the global market and sell to customers across the globe, accepting payments in multiple currencies should be part of your marketing strategies.\u00a0<\/p>\n
Here are some other reasons to enable the multicurrency option on your eCommerce website:<\/p>\n
Expanding your business beyond your national borders comes with numerous challenges. Firstly, you have to worry about translating your website into multiple languages, especially if you are looking to sell to countries that don\u2019t speak English.<\/p>\n
Another challenge to worry about – though often overlooked by many entrepreneurs – is currency issues. Selling to customers in a fixed currency – usually the USD – can cause many problems, notably increased cart abandonment.\u00a0<\/p>\n
Allowing customers to pay in their home country’s currency will make it easy for you to penetrate the international market.\u00a0<\/p>\n
![\"Forex](\"https:\/\/adoric.com\/best-shopify-apps\/wp-content\/uploads\/2022\/06\/Forex.jpg\")
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Foreign currency exchange can be highly volatile. It can harm your business and stunt growth if not managed properly.\u00a0<\/p>\n
Again, this is where having a multi-currency setup comes in handy. But how exactly?<\/p>\n
Let\u2019s say you sell to customers in Europe from the US, and then the Dollar drops against the Euro. You won\u2019t feel the impact that much if you accept payment in Euro.\u00a0<\/p>\n
Allowing your customers to pay in their local currency will help save them currency conversion fees.\u00a0<\/p>\n
The upside to this is that they will be grateful to you. And you know what that means? More loyalty and repeat purchases. Isn\u2019t that what every business wants?\u00a0<\/p>\n
Accepting payment in your customers\u2019 local currency can be a major differentiator. It can help keep you ahead of your competitors, especially those that don\u2019t have multi-currency set up yet.\u00a0<\/p>\n
To set up multi-currency payment for your online store, log in to your admin dashboard and navigate to Settings >> Payments.<\/i><\/b><\/p>\n
![\"Shopify](\"https:\/\/adoric.com\/best-shopify-apps\/wp-content\/uploads\/2022\/06\/Shopify-multicurrency.png\")
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Next, click the Manage <\/i><\/b>link as shown below.<\/p>\n
![\"Shopify](\"https:\/\/adoric.com\/best-shopify-apps\/wp-content\/uploads\/2022\/06\/Shopify-multicurrency-1.png\")
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Upon click, you\u2019d see the Countries\/regions <\/i><\/b>section. Click Add Country\/region.\u00a0<\/i><\/b><\/p>\n
Finally, select the country currency you want to add to your store and save. You can add as many currencies as you want. Then click Save<\/i><\/b>.\u00a0<\/p>\nAdd a Currency Switcher\u00a0<\/h3>\n
Once you\u2019ve enabled the multi-currency option on your website, the next thing you will want to do is to add a currency switcher app. Doing so will make it possible for your customers to select a currency of their choice.\u00a0<\/p>\n
Unfortunately, most Shopify themes don\u2019t come with a currency switcher feature. You need to use a switcher app or hire a Shopify partner<\/a> to add it to your website. The former is easily the best option.\u00a0<\/p>\n Lucky for you, Shopify has a dedicated app that can automatically switch to your customers\u2019 native currency based on their location: the Geolocation app. This app has a major issue, though: it has limited customization options.\u00a0<\/p>\n As such, you might have to turn to other apps. Let\u2019s see some other currency switcher apps you can use.\u00a0<\/p>\n Here are alternative currency switcher apps you can use if you have decided against using Shopify\u2019s Geolocation app.\u00a0<\/p>\nBest Currency Switcher Apps for Shopify\u00a0<\/h3>\n
MLV Auto Currency Switcher\u00a0<\/h4>\n
![\"Shopify](\"https:\/\/adoric.com\/best-shopify-apps\/wp-content\/uploads\/2022\/06\/Currency-switcher.png\")
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![\"multicurrency](\"https:\/\/adoric.com\/best-shopify-apps\/wp-content\/uploads\/2022\/06\/multicurrency-switcher.png\")
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