Iron Software's base currency is set to USD.
Currency conversion rules and rates are set by our payment partner, FastSpring.
- If the product has a price defined in the currency used by the consumer's country, that price appears on the Storefront.
- If the product has no price defined in the consumer's currency, currency conversion occurs automatically, and the consumer sees and pays the converted price.
- If the currency to convert to (the consumer's currency) is one of the major currencies (AUD, CAD, DKK, EUR, GBP, HKD, JPY, SEK, SGD, USD, ZAR), the system receives the Oanda Exchange Rate, and then marks it 3.5% higher to adjust for currency fluctuations. Then, it converts the price defined in the base currency to the consumer’s currency using the mark-up rate.
- If the currency you are converting to is not a major one, the system marks up the Oanda Exchange Rate 5.5% higher in order to determine the conversion rate.
For more information, please see: https://fastspring.com/docs/currencies-conversions-and-taxes/
If you prefer to use a different payment processor (MyCommerce), to attempt payment in USD from any location, simply reach out to Iron Software support and request an alternative payment link.