Does a store owner loses any money in conversion?
There is 3% conversion rate that is being charged if mCheckout app is used. Out of this 3% -> 2% conversion rate is charged by Payment gateway and 1% by MLVeda for each order.
Case1: If you have our Auto Currency Switcher app with mCheckout then the app adds this 3% markup over product price when it is shown to foreign customer. This conversion rate will be charged to the customer of your store. Hence, store owner does not lose money in conversion.
Case2: If you have Multi Country Pricing app with mCheckout app then you will have to add this 3% to different product prices and add it in the app's admin. There wouldn't be automatic 3% markup to the product prices.
Case1: If you have our Auto Currency Switcher app with mCheckout then the app adds this 3% markup over product price when it is shown to foreign customer. This conversion rate will be charged to the customer of your store. Hence, store owner does not lose money in conversion.
Case2: If you have Multi Country Pricing app with mCheckout app then you will have to add this 3% to different product prices and add it in the app's admin. There wouldn't be automatic 3% markup to the product prices.
Updated on: 05/12/2021
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