Updating Recurring Invoices in 'OTHER' currencies
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Ardi Coetzee shared this idea 4 years ago
- Payments/Billing
- 1 Comment
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When the cron job runs overnight and updates the exchange rates, we need an option to also update the recurring billing price with the new exchange rate pricing. Right now we have people paying a very wide range pf pricing based on the exchange rate when they signed up, instead if the current exchange rate.
If our price is $20USD per month, customers should be paying $20USD every month regardless of the exchange rate when they signed up."
If our price is $20USD per month, customers should be paying $20USD every month regardless of the exchange rate when they signed up."
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Thanks for taking the time to submit this feature request.
The reason for the current design is so that the price the client is quoted on the order form during signup and on order confirmation emails does not vary from month-to-month.
It is an important legal requirement in some countries that the renewal price does not vary from that promised upon signing up.
Furthermore, subscription-based payment gateways such as PayPal and 2Checkout cannot vary the amount charged, so clients may over-underpay each month if this were the case.
These are a few of the hurdles to implementation which would need to be overcome. If there is the demand then it's potentially something we can consider.