Create More Transparent Pricing

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Course content (28 lessons)

Price transparency is important for building trust with international buyers and helping businesses of all sizes grow. With Custom FX, an upcoming feature, you will have greater control over your product prices. Custom FX lets you market goods without worrying about changing their prices as currencies fluctuate, giving buyers a better shopping experience.

Available later this year to all business owners from countries where Shopify Payments is enabled.

Like people spend a lot of time worrying about their pricing structure and being pretty meticulous about it. So how do they manage that like fix prices change all the time. Do they have to manage it by themselves. Yeah So you can have two options that you can either go with the automatic automatic FX exchange rate, which means that depending on the current exchange rate we’re going to change the price of your product so that it’s the right price based on the rate.
And that works great for small to mid-sized businesses where you’re seeing some international sales, but maybe not a massive influx of them. But for our bigger merchants or those that have a really high amount of products being sold internationally, we’re also going to be launching, later this year, the ability to run a custom FX exchange or FX conversions.
So basically means that you can define the conversion rates for your products. And then adjust them as-is. That’s going to help you stabilize your product prices so that when people come to your store they see that same fixed price within the different currencies. Yeah. Because I know one thing that we talk about a lot, and I know that we account for it in the automatic pricing, but buyers in certain countries you know we’re maybe in North America.
We’re used to seeing something priced as you know $3.99, but that’s not the case everywhere in the world. And so this way, it gives them a bit more control over what it’s going to actually look like. Because that, that actually means you know conversions that actually means what a buyer, what a consumer will see.

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<h1>Build an online store for your business with your new skills.</h1><p>Shopify has everything you need to start selling, all in one place.</p>

Create More Transparent Pricing

Course content (28 lessons)

Introduction

01 |Money

02 |Fast, Simplified Ways to Sell Online

03 |Make Major Moves in Marketing and Sales

04 |Expanding Your Options Through Back Office

05 |Ship Your Orders Faster for Less

06 |Boosting Performance for Your Store

Build an online store for your business with your new skills.