As MorphMarket is an international marketplace, we’re in the process improving our support for users across the world. The first of these features involves better support for foreign currency. If you don’t buy or sell in other countries then these changes will not affect you.
Buyers will now see prices in their preferred currency making them easier to understand. The buyer’s preferred currency is set on the User Profile, and we have taken a guess for each buyer based on their region. If you don’t want this behavior, you can change this setting to “No Preference”, and it will continue to operate like before.
The converted prices are based on foreign exchange rates which are updated nightly. The exact price in the seller’s currency is shown on the ad page. Buyers who are sophisticated enough to shop internationally, pay export costs, etc, will not be surprised that sellers require payment in their own currency.
Sellers have already had a currency setting on the seller profile. This value was previously used as a default for new ads. Moving forward, this will be the singular place where a seller specifies the currency for their prices. This simplifies the user interface as we add more and more price-type fields on different pages.
If a seller changes currency in their store-wide settings, it will update all of their current ads to be in that currency. This is an easy way to obtain uniformity across the ads.
In the coming weeks we will be making additional changes, which affect how our site operates across regions, which will make it easier for users to shop internationally.