Currencies
To help you grow your customer base and business internationally, Nexway Monetize provides a multi-currency feature that allows you to accept payment in several currencies. This benefits both you and your shoppers as it satisfies their preference to pay in their local currency, which reduces shopping cart abandonment and improves the conversion rate. It also prevents you from maintaining several instances of a product, one for each currency in which it is available.
Default payment currencies
Below are the default currencies available in Nexway Monetize for pricing, payment, and billing converning the country of the shopper.
Region | Currency | Payment type | Payment method | Countries |
Worldwide
|
US Dollar (USD) | Cards | Visa, Mastercard | >140 countries |
Europe
|
Euro (EUR) | Cards | Amex, Visa, Mastercard, Maestro, Visa Electron | Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Montenegro, Netherlands, Portugal, Slovakia, Slovenia, Spain, Vatican, Monaco, san Marin, Andorra, Lichtenstein, Malta |
Bancontact | Belgium | |||
carte bleue, carte bancaire, check | France | |||
JCB | Finland, Italy, Spain | |||
PostePay | Italy | |||
Debit | SEPA | Belgium, Cyprus, France, Greece, Ireland, Italy, Luxembourg, Slovakia, Spain, Monaco, san Marin, Lichtenstein, Malta | ||
Online banking | Sofort | Germany, Spain, Belgium | ||
Ideal | Netherlands | |||
bank transfer | Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Montenegro , Portugal, Slovakia, Slovenia, Spain, Vatican, Monaco, San Marin, Andorra, Lichtenstein, Malta | |||
Mistercash | Belgium | |||
Klarna PayNow | Austria, Germany | |||
EPS | Austria | |||
Multibanco | Portugal | |||
Mobile pay | Finland | |||
trustly | Finland, Latvia, Lithuania, Estonia | |||
Giropay | Germany | |||
Invoice | Invoice | Germany | ||
British Pound (GBP) | Cards | Amex, Visa, Mastercard, Maestro, Visa Electron, Solo | Great Britain | |
Online banking | Bank Transfer | |||
Bulgarian Lev (BGN) | Cards | Amex, Mastercard, Visa | Bulgaria | |
Czech Koruna (CZK) | Cards | Amex, Visa, mastercard | Czech republic | |
Danish krone (DKK) | Cards | Amex, Mastercard, Visa, dankort | Denmark | |
Online banking | Mobile pay | |||
Hungarian Forint (HUF) | Cards | Amex, Visa, mastercard | Hungary | |
Icelandic Krona (ISK) | Cards | Visa, mastercard | Iceland | |
Moldovan Leu (MDL) | Cards | Mastercard, Visa | Moldova | |
Norwegian Kroner (NOK) | Cards | Amex, Mastercard, Visa | Norway | |
Online banking | Vipps | |||
Polish Zloty (PLN) | Cards | Mastercard, Visa | Poland | |
Online banking | Dotpay, Blik | |||
Romanian Leu (RDL) | Cards | Amex, Mastercard, Visa | Romonia | |
Russian Rouble (RUB) | Cards | Amex, Mastercard, Visa, Mir | Russia | |
Online banking | Qiwi wallet, Bank transfer | |||
Serbian Dinar (RSD) | Cards | Amex, Visa, Mastercard | Serbia | |
Swedish krona (SEK) | Cards | Amex, Mastercard, Visa | Sweden | |
Online banking | trustly | |||
Swiss Franc (CHF) | Cards | Amex, Mastercard, Visa, Visa Electron | Switzerland, Lichtenstein | |
invoice | payment by invoice | |||
Online banking | bank transfer, Sofort | |||
Middle east & Africa
|
Algerian Dinar (DZD) | Cards | Mastercard, Visa | Algeria |
CFA Franc (XAF) | Cards | Mastercard, Visa | Cameroon, Chad, Gabon, Central African republic, Equatorial Guinea, republic of Congo | |
CFA Franc (XOF) | Cards | Mastercard, Visa | Sénégal, Ivory Coast, Burkina Faso, benin, Mali, Niger, Guinea Bissau | |
Egyptian Pound (EGP) | Cards | Mastercard, Visa, Amex | Egypt | |
Israel New Shekel (ILS) | Cards | Visa, Amex, Mastercard | Israël | |
Kenyan Shilling (KES) | Cards | Amex, Mastercard, Visa, | Kenya | |
Online banking | Mpesa | |||
Moroccan Dirham (MAD) | Cards | Morocco | ||
Cash | Wafacash | |||
Namibia Dollar (NAD) | Cards | Mastercard, Visa, Amex | Namibia | |
Nigerian Naira (NGN) | Cards | Amex, Mastercard, Visa | Nigeria | |
Qatari Rial (QAR) | Cards | Amex, Mastercard, Visa | Qatar | |
Saudi Riyal (SAR) | Cards | Amex, Mastercard, Visa | Saudi Arabia | |
South African Rand (ZAR) | Cards | Amex, Mastercard, Visa | South Africa | |
Tunisian Dinar (TND) | Cards | Visa, Amex, Mastercard | Tunisia | |
Turkish Lira (TRY) | Cards | Amex, Mastercard, Visa, Maestro, Troy | Turkey | |
UAE Dirham (AED) | Cards | Amex, Mastercard, Visa | United Arab Emirates | |
North America
|
Canadian Dollar (CAD) | Cards | Amex, Mastercard, Visa | Canada |
US Dollar (USD) | Cards | Amex, Mastercard, Visa, Visa Electron, Maestro, Discover | USA | |
Online banking | bank transfer | |||
Latam
|
Argentine peso (ARS) | Cards | Visa, Mastercard, Amex, Diners, Naranja, Cabal, Shopping, Argencard, cencosud | Argentina |
Cash | Cobro express, Rapipago, Pagofacil | |||
Brazilian Real (BRL) | Cards | Amex, Mastercard, Visa, Diners, Elo, Hipercard | Brazil | |
Online banking | Pix, Boleto | |||
Cash | Boleto | |||
Chilean Peso (CLP) | Cards | Amex, Mastercard, Visa | Chile | |
Cash | Multicaja | |||
Online banking | RedCompra | |||
Colombian Peso (COP) | Cards | Amex, Diners, Mastercard, Visa, Codensa | Colombia | |
Cash | Baloto, Efecty | |||
Online banking | PSE | |||
Mexican Peso (MXN) | Cards | Amex, Mastercard, Visa | Mexico | |
Cash | Oxxo, 7/11 | |||
Peruvian Nuevo Sol (PEN) | Cards | Amex, Diners, Mastercard, Visa | Peru | |
Cash | Pago efectivo | |||
APAC
|
Australian Dollar (AUD) | Cards | Amex, Mastercard, Visa | Australia |
Chinese Yuan renmimbi (CNY) | Cards | Amex, Mastercard, Visa | China | |
Hong Kong Dollar (HKD) | Cards | Mastercard, Union Pay, Visa, Amex | Hong Kong | |
Online banking | Wechat pay | |||
Indonesian Rupiah (IDR) | Cards | Mastercard, Visa, Amex | Indonesia | |
Wallet | Doku | |||
Indian Rupee (INR) | Cards | Amex, Diners, Maestro, Mastercard, Rupay, Visa | India | |
Online banking | Net Banking | |||
Japanese Yen (JPY) | Cards | Amex, JCB, Mastercard, Visa | Japan | |
Cash | Pay easy, Konbini, 7/11 | |||
South-Korean Won (KRW) | Cards | Amex, Mastercard, Visa, Union Pay | South Korea | |
Online banking | KCP Korean cards | |||
Wallet | Payco | |||
Malaysian Ringgit (MYR) | Cards | Mastercard, Visa, Amex | Malaysia | |
Cash | 7-Eleven | |||
Online banking | Molpay online banking | |||
New Zealand Dollar (NZD) | Cards | Amex, Mastercard, Visa, Visa Electron | New Zeland | |
Philippine Peso (PHP) | Cards | Mastercard, Visa, Amex | Philippines | |
Singapore Dollar (SGD) | Cards | Mastercard, Visa | Singapore | |
Thai Baht (THB) | Cards | Mastercard, Visa, Amex, JCB | Thailand | |
cash | tesco lotus | |||
Taiwan Dollar (TWD) | Cards | Amex, JCB, Mastercard, Visa, Maestro, union Pay | Taiwan | |
Vietnamese Dong (VND) | Cards | Amex, Mastercard, Visa, JCB | Vietnam | |
Wallet | Momo Wallet | |||
Cash | Momo ATM |
Note
The currency in which prices are set is the currency in which payment will be processed.
Configuration and use cases
Example
You want to sell products in the European Union (EU) in euros (EUR), in the United States in USD and everywhere else in USD.
Via Nexway Center
• Set a price in USD with the “default” option for the country. The price in USD will automatically be displayed for shoppers in the US.
• Set USD as the default currency; the price will be displayed in USD for all shoppers in countries other than the US and the EU.
Via API
To implement the example via API use the following properties:
• “priceByCountryByCurrency”: to define the prices for the different zones of the sale in specific currencies. Here you indicate the following information in this specific order:
• The country where the product is to be sold at this price. Use the ISO country codes, e.g “FR” for “France”. If you want to set the price for the countries whose default currency is the one you specified, use “default” for this value. For example, if you set “EUR” as your currency, then “default” for your country, the price will be displayed in the shopper’s cart for countries in the European Union.
• The price of the product. In the example below, the price is set at 10 euros in the European Union and USD 12 in the United States of America. You can add as many prices and countries as you wish.
• If tax is included in the displayed price.
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