Just got a message... All products will have the local currency as default soon. I trust Clickbanks testing and hopefully conversions wont decline. What do you think?
It's good that they are showing both the default currency and the local currency now, hopefully it only changes things for the better.
Some months back when i told them i want it removed they started to talk garbage on how much the feature actually improve conversions and have NO negative psychological effect (As if they know anything about psychology) bla bla.... Now they decided to show the base currency all the time, should this be taken as if it had a negative effect after all? And is it possible that this is the reason why sales went down when they put the currencies and then sales went up when they put the base currency back on? (I know its difficult to tell since lot have happened during the same period but its possible that it contributed to an extend as well) Well anyways, guess why they want to try to turn such feature back on at all costs? When the currency is not US they charge a much higher rate per sale to make good for any possible currency rate fluctuation....which makes lot of sence....or so I heard Thers always something fishy when someone try to do something at all costs ehhh...
Other way around.... they are turning multi currency ON for all products.. Meaning if I go to an order page it will be in AUD, not USD There tests show that the local currency converts higher (slightly) even with the poor $ conversion rates.
Yes, Thats what i meant. As you know they decided to have the USD all the time as well near the selected currency.... So lets say if you are from europe and go to a checkout page, the selected currency will be EUR, but near it there will be USD as well at all times(The New Addition)....
If there was no significant difference in conversion rates either way, then why aren't they going with the default currency shown alongside the local currency that did show a slight improvement. Does Clickbank make more money by marking up the exchange rates? In my opinion, it's the mark up on the exchange rate that will scare off buyers even though is likely what makes this change so attractive to Clickbank. Swerd, have your conversion rates been affected either way?