Multi-currency client billing is here
Posted by David Greiner on June 21, 2007 4:10 PM
When we launched the new US dollar billing system in February, the resounding feedback was "cool" closely followed by "where is my currency". We were listening and today I'm wrapped to announce the support for 3 new currencies, with a fourth on the way next week. As of today, you can now charge your clients in US dollars, Great Britain pounds, Euros and Canadian dollars. Ironically, Australian dollar support has been delayed and won't be live until next week.
To keep things as simple as possible and avoid lots of messy price conversions, we've set new base prices for each currency, which are as follows:
| Currency | Delivery Fee | Cost/Recipient |
|---|---|---|
| US dollars | $5.00 | 1 cent |
| Great Britain pounds | £3.00 | 0.6 pence |
| Euro | €5.00 | 1 cent |
| Canadian dollars | $7.00 | 1.5 cents |
| Australian dollars | $7.00 | 1.5 cents |
These are the basic minimum prices your clients will need to pay depending on the currency you set for them. We tried to keep everything as consistent as possible with the US dollar rates, and to avoid constant price tweaking went for figures based on a few years of fluctuations for each currency.
Just like US dollars, you can choose to mark any of these prices up, and we'll send you the difference you earn at the end of each month. To change the currency you're using for each client, head into their account, click the Client Settings tab and then edit their Billing settings.
Based on the feedback we've been getting so far, these 5 currencies should cover most of you guys. Of course, if the demand is there, we've built things so we can easily accommodate other currencies if need be. Australian dollar support shouldn't be more than a few days away, and we'll make an announcement here as soon as it's good to go. Finally, a big shout goes to Freshviewer Ken Nguyen, who was the brains behind this update from start to finish.

3 total comments:
Actually, due to the vast time difference between Australia and Europe or US, it may actually be today or later this evening. You never know how time may be on your hands... :)
Seriously, good work guys! Too bad the Europeans now have to pay top dollar for the mails seeing how the exchange rate $/euro is not in their favor at all. Oh well...
Yeah the euro price is a little bit off putting, I'd be tempted to charge in dollars. Guess we can't have our cake and eat it. :) My preferred method now would be the credit system but will there be any possibility in the future of a credit allocation setup for individual clients? Some of our clients don't have credit cards and I don't like the idea of multiple clients sharing the same pool of credits.
Thanks for the feedback guys, we're taking eveything on board. We've been stoked to see loads of European and British customers already making the switch, but we'll continue to capture feedback and make any changes if the demand is there.