Axis subscriptions allows you to sell in multiple currencies. You can create as many currencies as you like.
You can either set the exchange value of the currency manually or allow Axis subscriptions to fetch in real-time from the Google Financial API. (In currency and tax configuration, you should set the Auto update currency to YES)
Creating a new currency
Click the New button to start the currency creation process.
- Currency Title
Title is very important and it should be given in a proper way. E.g., US Dollars.
- Currency Code
The currency code must be selected from the list given. A new code of users choice cannot be added to the list. E.g. USD
- Currency Symbol
This is a single figure which is used globally for referring the currency. For e.g., the United States Dollar is denoted by the symbol $. This symbol is used by many countries for their currencies, though, this represents US Dollars by default.
- Symbol Position
The symbol is placed on anyone side of the currency name, according to the standards of the country that currency belongs to. For e.g., the $ is always prefixed (before currency name) like this: $ 500.00 and some currencies may also be suffixed (after currency name), tentatively like this: 500.00 $.
- Decimal Places
This indicates the number of decimal places after the '.' in the currency value. Usually, decimal places are 2.
- Decimal Separator
By default, a period or dot(.), serves the purpose of a decimal separator across the globe. Some countries may also use comma(,) as separator.
- Thousands Separator
A comma is the thousands separator worldwide. This separator is also referred for payment process.
This option is used to set the default currency. If the value is set be 1.000000 for a particular currency, it will serve as the default currency. All other currencies will be in relation with this. For e.g., if US $ is been set the value 1, it will be the default currency and the corresponding value will be 0.81 for Euro. In this way Axisubs will calculate the prices for products based on currency transitions.
This option sets the status of publication of the currency. If it is set to be Published, then it will be available for payment process. Otherwise, it will not be available for payments.
The image above indicates how to add or edit a currency.