Chargebee's Multicurrency feature provides you with the option of creating Plans in multiple currencies, thus allowing your customers to pay in their local currency.
If you are an API user, this feature requires you to pass the currency_code input parameter for some of our API methods before enabling it on your Chargebee site, failing which errors will occur. To be able to do this you need to upgrade to API version V2 if you are on our older version.
The base currency will be your default currency, and will also be used as your reporting currency. Foreign currencies that you transact in will be your Additional Currencies.
Follow the steps below to configure additional currencies in your site.
The currencies that you've added will appear under the section Additional Currencies. You will have the option to schedule a change in the exchange rate of a currency, and also update existing rates.
Note on exchange rates
Here's how Chargebee picks exchange rates:
If today is 4th August 2016,
Gateways and Multicurrency Support
Currently, Chargebee provides you with the option to configure only one account per gateway. Ensure that your gateway supports the required currencies for a single account. E.g. Stripe supports transactions in multiple currencies with just one account.
Certain gateways like Braintree, Authorize.Net, etc. require you to configure separate Merchant IDs for each of the currencies you'd like to transact in. Currently, Chargebee supports only base currency transactions for these gateways. However, we will support multiple accounts with subsequent product updates. If you have any questions in the meanwhile, please write to email@example.com
The additional currencies that you've set up will appear for selection when you create your Plans/Addons/Coupons.
If you offer the same Plan in various currencies, you need to create the Plan for each of the currencies. This can be easily achieved using the Clone Plan option.
The currency of the Subscription depends on the Plan you select while creating the Subscription.
Invoices generated for the Subscription will be in the same currency too.
You can have credits, payments, invoices, and subscriptions of multiple currencies for your Customers.
The currencies that you've set up will appear for selection when you add/deduct credits or payments.
In the case of applying credits or payments on invoices, the currency of the credits/payment being applied and that of the invoice should match.
The reports will display aggregate values in the base currency, by default. The value of transactions in all the configured currencies will be converted to the base currency value using their respective exchange rates, and will form a part of the reports' numbers.
You can also get the metrics in the currency you require by selecting the currency from the dropdown menu on the top right corner.
The option to change currencies will also be available for the following reports: