Thanks
Mark

Thanks for the compliment, but at first I didn’t know it was about AUTOMATIC conversion!

Well, here’s some more news for you on the subject, fresh from the press, so to speak from an article Ewen Chia wrote on his blog this very morning:

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Monday, November 03, 2008
ClickBank’s Automatic Currency Conversion
Ok guys, I just got this from my friend Adrian Ling and think it’s important enough to let you know…

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A couple of days ago, ClickBank implemented automatic currency conversion on the checkout page.

For example, if your product costs USD$47 and someone in New Zealand clicked on the purchase button, the price he sees on the checkout page is NZD $90.38 dollars.

Although USD$47 and NZD$90.38 are the “same” – it may “look” more expensive to the potential customer, i.e. or some marketers put it, it defeats the tried and tested “psychological pricing point” where numbers such as $27, $47, $67 converts best.

This was raised at the Clickbank Success Forum.

Thankfully, ClickBank has responded and you have a choice. If you’d like to disable this automatic conversion, you can contact them via ClickBank Publisher Contact Form and request that this automatic conversion feature be disabled in your account.

If you choose to disable the currency conversion, you can still offer products in different currencies by manually setting them in your ClickBank account.

In this case, you simply set up a unique product for each currency you wish to accept. For example, if you want to offer the same e-book in USD and GBP, you can set up two separate products in the “My Products” section of your account.

Product #1 – default currency = USD,Product #2 – default currency = GBP

Then provide 2 payment links on your sales page. If customers click on payment link #1, they will see the price specified in USD.

If they click a payment link for product 2, they will see the GBP price. In both cases, the consumer will not have the ability to choose a different currency for payment.
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To Your Success!

Ewen

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Hope it helps.

Yours,

Daniël

@ Daniël – Definately some interesting point you bring up, and I would agree with the majority if not all of them! I’m taking a guess now, but I recon ClickBank might show us a couple of case studies after say a month of the new additions. (Show us what’s good and what’s possibly not so good!) You never know, and it is only a guess!

@ William – This kind of change is going to throw a few people, if they too haven’t spotted the announcement. Some poeple will spot the fact it’s been changed to their local currency, and maybe carry on. It’ll be inteesting to watch what some people do, and how/if it affects anything!

Thanks
Mark

I was so been so busy to notice the change or even catch the announcement but as I was testing my get more buyers affiliate link yesterday I noticed the currency had been converted.

I have to admit it threw me off for a while until I figured out what was going on.

We have to wait and see how their rates of conversions stack up in comparison to doing it through paypal for instance.

Regards

William

With the current discussion about keeping the USD as a world currency, I quite well understand why Clickbank has made this move.

However, knowing most of the prospects for IM are still to be found in the USA, I don’t think (in my case) it’s a wise thing to change my prices into Euros all of a sudden, although It would be nice though

In an earlier discussion on the MoreMonthly forum (I’m sure Mark has a link for it) about PayPal, we discussed whether it would be possible to have PayPal pay out dollars to a dollar account on a foreign bank. That way the owner of the account and not PayPal would able to tranfser it to an account with your local currency whenever you decided yourself. And thus decide about the exchange fees and rates yourself.

Same thing goes for Clickbank in my opinion. I’d rather decide myself if and when to exchange my dollars into Euros and not have them keep the exchange fees!

With the current discussion about the world economy, experts are already talking about having a worldwide currency for international trading instead of the unstable USD.

So if and when THAT happens, it would solve all our prolems wouldn’t it?

The only ones I think who won’t be happy with such news are all the ForEx people

Yours,

Daniël