prices in US$ or EURO

Profile picture of the author Pagode by Pagode Posted: 02/11/2009
Hi, being very new to the business I am wondering if I should list prices on my website in US$ or EURO.
I am starting a membership site that focuses on an international public. The site will be completely in English. All sites I have seen have their prices in US$. For me being from Europe this would mean that my income is influenced by the exchange rates. On the other had I am afraid that when I would use EURO prices a lot of potential customers will not sign up.

What are your thoughts about this.

Thanks
Paul
#euro #prices #us$

  • Profile picture of the author Rose Rushton
    Rose Rushton
    We are from Australia but we use US dollars as most people seem comfortable with it. We have had a few Australian Santa Letter clients knowing we are an Australian site, get a bit peeved with the US dollars, but we always give them the alternative of sending us a cheque. That way, they feel as though they have a choice!

    Depending on the rate of exchange, we can sometimes make a few dollars more. Always a nice thing!

    If it is going to be international, you might be better with US dollars
  • Profile picture of the author dmarze
    dmarze
    I don't know in which niche you are, but I get most customers from US. So, all my prices are us US$.
  • Profile picture of the author Kevin Riley
    Kevin Riley
    If you're selling globally, I'd def go $US, as it is the most widely recognized unit. I'm getting killed on the exchange rate when I bring my $US over to here (used to get 130 yen to the dollar, now it's 89), but if I change to a different unit I'll be losing a lot more in sales.
  • Profile picture of the author Jamie Iaconis
    Jamie Iaconis
    Originally Posted by Kevin Riley View Post
    If you're selling globally, I'd def go , as it is the most widely recognized unit. I'm getting killed on the exchange rate when I bring my over to here (used to get 130 yen to the dollar, now it's 89), but if I change to a different unit I'll be losing a lot more in sales.
    Shitty deal Kevin...

    In Canada we get $20 for every hundy right now...

    Although it was at par there for a while.

    I loved it when it was an extra $40 on the hundred, way back!
  • Profile picture of the author John Taylor
    John Taylor
    If you use 2Checkout, your customers will
    have the ability to choose the currency.

    The US Dollar is certainly becoming the
    standard online currency of choice.

    However, giving people the option to use
    their local currency will almost certainly
    increase your sales conversion rate.

    John
  • Profile picture of the author Martin Avis
    Martin Avis
    If you sell though ClickBank, you set the price in US$ but when a customer clicks through to the order form, ClickBank show the price in their local currency.

    I quite like that they now do this - and despite initial worries that it may harm conversions, it doesn't appear to (for me, at least.)

    However, it would be quite good (perhaps - worth testing anyway) to show the price in local currency on the sales page as well. Does anyone know of a script that can geo-locate the visitor and perform a conversion on the fly?

    Martin
  • Profile picture of the author Mint-Tree
    Mint-Tree
    The answer is simple: do niche/market research.

    Basically, check out your competion sites and see what market/audience/currency they are using and go with your well researched currency .
  • Profile picture of the author John Taylor
    John Taylor
    Martin,

    Originally Posted by Martin.Avis View Post
    Does anyone know of a script that can geo-locate the visitor and perform a conversion on the fly?
    Here's a useful blog post that explains how it can
    be done:
    Geotargeting with PHP : A complete guide

    John
  • Profile picture of the author Ivancho
    Ivancho
    Pople who buy online prefer the price to be in USD, at least me and few of my friends

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