HOW MULTI-CURRENCY HELPS EXPAND NEW MARKETS

HOW MULTI-CURRENCY HELPS EXPAND NEW MARKETS

HOW MULTI-CURRENCY HELPS EXPAND NEW MARKETS 1024 576 cluebuzz

Have you ever thought of expanding your business and going international?
What is one of the first things that consumers consider while shopping? The price, of course! And if the price is not listed in a currency familiar to them, it may just turn them away. Not everyone is willing to make manual calculations and convert the price into their native currency. So why not do it for them and improve the customer experience with Multi-currency apps.
When you want to create the same comfortable shopping experience for them as you do for your domestic customers.
If you want to increase sales and expand into new markets, here are the benefits of accepting multiple currencies.
Benefits :
By accepting multi-currencies you’re eliminating expensive foreign transaction fees for your customers – which may prevent them from doing business with you again.
Instead, your customers will appreciate that you’re saving them money which could entice them to return for future purchases or refer you to their friends, family, or colleagues.
Improves customer loyalty

When your customer reviews their bill, receipt, or  shopping cart  and it’s in their local currency, they know instantly how much they’re going to be charged, which prevents any confusion, questions, or surprises.
Prevents cart abandonment
According to  Statista , 13 percent of online shoppers will abandon a site when prices are presented in a foreign currency. Additionally, as previously discussed, when a customer makes a purchase in a foreign currency, their banks could impose foreign transaction fees, which penalizes them for shopping at your online store.
By not limiting your customers to just one currency, you’re preventing cart
abandonment, which is always good for your bottom line.
Free Shopify app for Manual currency convertor : https://apps.shopify.com/multi-
currency
Automate pricing :

Apart from the benefits, We can make our site even more customer friendly by making the price auto-converted based on the region.
Instead of manually converting currency exchanges look apps or payment solutions that do this for you automatically.
Here are few free Shopify apps does this for you.

Auto Currency Switcher : https://apps.shopify.com/auto-currency-switcher

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