Online shopping isn’t without its headaches – but perhaps none more so than when it comes to paying in foreign currencies. While most websites will display an approximate price in local currency, the final payment sum is often revealed only after the purchase is completed. To help address this issue, Amazon has introduced a built-in currency conversion service which is available to customers who make purchases in any of the currencies eligible for the service.
The feature offers a simple solution to the problem of currency conversions by automatically applying a rate at checkout. This is a welcome change for buyers who would otherwise have to deal with ambiguous exchange rates and hidden fees. However, it’s important to understand how the feature works before deciding whether or not to use it.
How to change currency on amazon
The Amazon Currency Converter is available to customers who purchase products in any of the currencies supported by the feature, including euros, Australian dollars, Japanese yen, and Swiss francs. Customers can select their preferred currency from the dropdown menu at checkout or by navigating to their profile and selecting the option to “change your default currency”.
The Amazon Currency Converter features competitive exchange rates to ensure that sellers receive payments in the highest possible amount. The service also eliminates the need for sellers to set up bank accounts in different territories and forecast exchange rates, which can be time-consuming and expensive. However, it’s important to keep in mind that the ACCS fee structure is volume-based, meaning that fees can compound quickly for sellers who sell in multiple currencies and markets.