This article outlines the store currency policies and exchange rate guidelines for BazaarNexus merchants. It explains how the default store currency is managed, the impact of currency depreciation, and the rules governing cart and order currency behavior. Additionally, it highlights the conditions for strict and non-strict currency modes and the automatic handling of currency conversions for multi-currency product listings.

1. Cart Currency Enforcement
  • All orders (cart transactions) will default to the store's primary currency, regardless of the currency in which individual product prices are listed.
  • If an item is added to the cart in a currency different from the store's default currency, its price will be automatically converted to the cart currency using the exchange rates set by the platform.
2. Price Conversions
  • Prices displayed on the store-front (e.g., product listings) may vary based on the customer's currency preference or location. However, all transactions in the cart will be processed in the store's primary currency.
3. Currency Rate Policy
  • Exchange rates used for currency conversions are determined by the system and are subject to periodic updates. Merchants and customers can view the applicable rates and supported currencies in the Currency Rate Policy and Supported Currency List.
  • Currency conversions are approximate and may include minor rounding adjustments for calculation purposes.
4. Transaction Accuracy
  • Merchants are responsible for ensuring product prices in their store are set in their default currency. The platform takes no responsibility for discrepancies arising from currency conversions or exchange rate fluctuations.
5. Legal and Policy Compliance
  • By proceeding with any transaction, both merchants and customers confirm their acceptance of the platform's exchange rate policies and agree to adhere to the Terms of Service.
6. Adjustments and Updates
  • Exchange rates may be updated periodically to reflect market conditions. Merchants and customers must ensure they are aware of any changes that could impact pricing or conversions.

By proceeding, you acknowledge that you have read, understood, and agreed to the above terms governing currency exchange rates and conversions within the store.