Managing Magento Currency Settings for M2E Pro: A Step-by-Step Guide

Modified on Tue, 18 Mar at 12:43 PM

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When selling on different Marketplaces, you may need to use different currencies. This guide will walk you through the steps to correctly configure the appropriate settings for using multiple currencies


Magento and M2E Pro settings


  1. Go to Stores > Settings > Configuration > General > Currency Setup
    • Ensure that Allowed Currencies are specified under the Currency Options block in your Magento. Hold Ctrl for multi-select.
    • Check if currency rate service is available. To do so, enter the API Key and Connection Timeout in Seconds for one of three options.
    • Set Scheduled Import Settings so that currency rates are updated regularly.
      For more information, please refer to the official Magento documentation.
  2. Go to Stores > Currency > Currency Rates.
    • Select the chosen currency rate service for Import Service and click the Import button. The currency rate should be displayed in the table below.
    • For more information, please refer to the official Magento documentation.
  3. Сonversion for standard Magento Price attributes is automatic.
    If you use a custom Magento Attribute, remember to go to Stores > Settings > Configuration >M2E Pro > Interface & Magento Inventory, and enable the Convert Magento Price Attribute option under Quantity & Price.

Note

M2E Pro converts values from Magento Attributes with Price input type only. 

4. Currency conversion is applied to all prices in the Selling policy, eBay Shipping policy, and also to List prices in Product Type (Amazon)


That's it; you are set to go. From now on, your multi-currency transactions will be correctly calculated and displayed in M2E Pro.


Practical Cases


1. If the order currency isn`t enabled under Allowed Currencies or the Currency Rate is not specified, the following note will be displayed in the Magento order Notes.


Attention! The Order Prices are incorrect. Conversion was not performed as "GBP" Currency is not enabled. Default Currency "EUR" was used instead. Please enable Currency in System > Configuration > Currency Setup.


Also, you will see the following notification in Channel order in M2E Pro.


2. If the Price source is a custom Magento attribute, please ensure it has a Price input type.

Otherwise, M2E Pro doesn`t convert its values.

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