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How They Can Help You Improve Online Currency Conversions
A website’s currency functionality is one of the most critical aspects of monetary systems worldwide. Banks and other financial institutions use websites like WordPress to convert money into and from their local currencies. This ensures that they always have the right amounts of each currency. Plus, it allows them to send money abroad and to international customers. A website’s currency conversion functionality is often the only way for a business to conduct international transactions successfully.
The easiest way to customize your currency settings on WordPress is with a plugin. There are many options for currency plugins that can help you adjust your WordPress settings to convert currencies better.
Plugins are essential for adding functionality to customize your currency conversions on WordPress. But how do currency Plugins work, and how can you find the right plugin for your specific use case? Read on to find out.
What is a currency plugin, and how does it work?
A currency plugin is a software that helps your store accept payments in multiple currencies. It allows customers to pay in their preferred currency while they still receive the payment in their own currency. A currency plugin typically works by connecting to a payment processor (such as PayPal or Stripe) and then automatically converting the payment’s currency into the currency of your choice.
There are many currency plugins available, but they all work similarly. Once installed on your store, the plugin will automatically detect the customer’s country and show prices in the customer’s local currency. The customer can then checkout and pay in their preferred currency. The plugin will then convert the payment into your currency and deposit it into your account.
There are many benefits to using a currency plugin. It can help you reach a global market, as customers are likelier to purchase from a store that accepts their currency. The plugin can also save you money on currency conversion fees, as it will handle the conversion.
How to choose the best currency plugin for your business?
When it comes to choosing a currency plugin for your website, there are a few things you need to keep in mind. This guide will give you tips on choosing the best currency plugin. The WordPress plugin market is very competitive, so you must be picky when choosing a plugin.
Up-to-date data
One of the most critical aspects that you need to look for in a currency plugin is how up-to-date it is. Many plugins become outdated quickly, so if your website uses many different currencies, this could cause problems. The last thing you want is a plugin that only supports outdated currency data. This can create all sorts of issues on your blog or website, and people will not be able to see the right price for products on your site. Do some research and ensure that any plugins you use are very recent, often updated, and have a stable and modern currency API running in the background.
Multiple payment options
Another aspect you should consider when choosing a currency plugin is whether it can support multiple payment options, such as PayPal and eCheck. If your website sells actual products or services, then having the ability to accept PayPal payments will significantly increase your sales.
Feature fit
You need to decide what features you need. Do you need a plugin that can automatically update exchange rates? Do you need support for multiple currencies? Do you need a plugin that can be used with WooCommerce? Make a list of the required features, then research the available plugins.
Consider costs
Also, consider the cost. Free currency plugins are available but may not have all the necessary features. Paid plugins typically range from $30 to $100, depending on the features they offer. Choose a plugin that has the features you need and fits within your budget.
Usability
Finally, consider usability. Choose a currency plugin that is easy for customers to use. If they find using your plugin difficult, they may be less likely to purchase from you.
4 of the Best Currency Plugins to Consider For Your Website
WOOCS
(Source: https://wordpress.org/plugins/woocommerce-currency-switcher/ )
WooCommerce currency switcher plugin for woocommerce, or short WOOCS, enables your customers to switch prices according to set currency rates in real-time. It additionally allows your visitors to pay in the selected currency. With the help of this plugin, you can add currency to your online store.
With over 70,000+ active installations on WordPress, it is one of the most popular currency plugins that offers a wide range of features. The free version allows for two different currencies, which is great if you are a US company operating in Canada.
If you operate globally and need more than one currency pair, the premium version of WOOCS starts at $34. It offers extensive documentation and can be implemented within minutes.
WPCS
(Souce: https://wordpress.org/plugins/currency-switcher/ )
Another excellent tool for currency conversions is the WordPress Currency Switcher Professional or short WPCS. This plugin allows your visitors to switch prices as well. Much like the previous plugin, this one also operates in real-time. You, therefore, don’t have to worry about outdated currency data. Its superb usability makes it the ideal plugin for your international e-commerce business.
The tool prides itself on being compatible with any marketing program. WPCS offers excellent documentation, FAQs, and premium support if unsure. A helpful feature is changing the currency according to the visitor’s language. The free version allows you to change two different currencies. If that’s not enough, the premium plan starts at $23.
WBW Currency Switcher
(Source: https://wordpress.org/plugins/woo-currency/)
The Woobewoo Currency Switcher is a free currency converter plugin that allows your users to easily switch the currency of your product prices. This tool is not limited to the currency you can add for other online plugins.
While free, this plugin offers a significant number of features. You can decide whether you want your currency to switch automatically or manually. It is compatible with any WordPress theme, can be customized, and is mobile-friendly.
If that is still not enough for you, premium plans, starting at $99, offer an even wider range of features.
CBX Currency Converter
(Source:https://wordpress.org/plugins/cbcurrencyconverter/ )
The CBX Currency Converter by Codeboxr supports over 117 currencies worldwide and displays up to 10 currency rates simultaneously. It can be used to convert and display currencies via Widget and shortcode.
The intuitive layout allows you to find your way around the tool quickly. The team is always open to suggestions if you miss a currency.
If that’s not enough, the pro version allows you to integrate into your e-commerce site whether the product is in stock and can even handle Bitcoin conversions for only $39. You can also try the product for free.
Conclusion: Consider these six features when choosing your new website’s currency conversion plugin.
When choosing your new website’s currency conversion plugin, consider these features: functionality, ease of use, price, up-to-dateness, and your needs. There are a variety of currency plugins available for WordPress; this is just an introduction to a few of them. Each has its features and benefits. When looking for plugins, constantly research any new currency plugins before downloading anything so you know you’re getting quality code. By taking the time to research your options, you can find the best currency plugins for WordPress.
