logo
Log In

Currency Options on Charii

Charii is a global platform, and we understand the importance of offering multiple currency options to creators and backers worldwide. This guide will explain the currency options available on Charii, how to choose the right currency for your campaign, and best practices for managing multi-currency projects.

Available Currencies

Charii supports a wide range of currencies to accommodate our international community. Here's an overview of the currency options:

Major Global Currencies

  1. United States Dollar (USD)
  2. Euro (EUR)
  3. British Pound Sterling (GBP)
  4. Japanese Yen (JPY)
  5. Canadian Dollar (CAD)
  6. Australian Dollar (AUD)
  7. Swiss Franc (CHF)

Popular Regional Currencies

  1. Chinese Yuan (CNY)
  2. Indian Rupee (INR)
  3. Brazilian Real (BRL)
  4. Mexican Peso (MXN)
  5. Singapore Dollar (SGD)
  6. South Korean Won (KRW)
  7. Russian Ruble (RUB)

Cryptocurrencies

  1. Bitcoin (BTC)
  2. Ethereum (ETH)
  3. USD Coin (USDC)

Note: The availability of certain currencies may depend on your location and local regulations. Always check the current list of supported currencies in your account settings.

Choosing a Currency for Your Campaign

Selecting the right currency for your campaign is crucial. Consider the following factors:

  1. Your Location: Often, it's simplest to use your local currency.

  2. Target Audience: If most of your backers are from a specific region, consider using their local currency.

  3. Project Costs: If your project expenses are primarily in a particular currency, using that currency can help you avoid exchange rate risks.

  4. Global Appeal: For projects with international appeal, major global currencies like USD or EUR might be most appropriate.

  5. Cryptocurrency Considerations: If your project is blockchain-related, offering cryptocurrency options might align well with your audience.

Setting Up Your Campaign Currency

To set your campaign currency:

  1. Log into your Charii account
  2. Navigate to your project dashboard
  3. Click on "Funding Options" or "Currency Settings"
  4. Select your preferred currency from the dropdown menu
  5. Save your changes

Note: Once your campaign is live, you cannot change the primary currency.

Multi-Currency Support

Charii offers multi-currency support to enhance the backer experience:

For Creators

  • You can set a primary currency for your campaign
  • Charii will display equivalent amounts in major currencies to help international backers

For Backers

  • Backers see reward tiers in their local currency (where supported)
  • The checkout process allows backers to pay in their preferred currency (subject to available payment methods)

Currency Conversion and Fees

Understanding currency conversion is important for both creators and backers:

  1. Exchange Rates: Charii uses real-time exchange rates for currency conversions.

  2. Conversion Fees: Be aware that some payment methods may incur additional fees for currency conversion.

  3. Displayed vs. Charged Amount: Due to fluctuating exchange rates, the final charged amount might slightly differ from the displayed amount at the time of pledge.

  4. Creator Payouts: You'll receive funds in your chosen campaign currency. Additional conversions may incur fees.

Best Practices for Managing Multi-Currency Campaigns

  1. Clear Communication: Clearly state your primary campaign currency in your project description.

  2. Use Currency Symbols: Always use currency symbols (e.g., $, €, £) to avoid confusion.

  3. Round Numbers: When possible, use round numbers for reward tiers to make conversions simpler.

  4. Buffer for Fluctuations: Consider adding a small buffer to your funding goal to account for potential currency fluctuations.

  5. Update Regularly: If your campaign runs for an extended period, regularly check and update any stated conversions in your project description.

  6. Explain International Backer Impact: Clearly communicate any additional costs (like international shipping) that may affect backers pledging in different currencies.

Cryptocurrency Considerations

If you're considering accepting cryptocurrencies:

  1. Volatility: Be aware of the potential for significant price fluctuations.

  2. Regulations: Ensure you understand the legal and tax implications in your jurisdiction.

  3. Wallet Security: Use secure wallets for storing received cryptocurrencies.

  4. Conversion Plans: Decide whether you'll hold cryptocurrencies or convert them to fiat currency immediately.

Tax Implications

Dealing with multiple currencies can have tax implications:

  1. Record Keeping: Maintain detailed records of all transactions and conversions.

  2. Local Regulations: Familiarize yourself with tax regulations regarding foreign currency transactions in your country.

  3. Professional Advice: Consider consulting with a tax professional for guidance on multi-currency campaigns.

Troubleshooting Currency Issues

Here are solutions to some common currency-related issues:

  1. Incorrect Currency Display: Ensure your browser's location settings are correct, or try using a VPN.

  2. Conversion Discrepancies: Small discrepancies are normal due to real-time rate fluctuations. For significant issues, contact support.

  3. Payment Failures: Some payment methods may not support all currencies. Advise backers to try an alternative payment method.

Getting Help with Currency Options

If you need assistance with currency-related matters:

Remember, offering appropriate currency options can significantly impact your campaign's global reach and success. By understanding and effectively managing these options, you're setting your Charii project up for international appeal. If you have any questions about currency options or need help setting them up, don't hesitate to reach out to our support team!