Local Currency Feature for Merchants

Introducing the new Local Currency Code feature. Merchants will now be able to set their Local Currency price and the USD ($) price for new and existing products. The Local Currency is based on the Local Currency Code that can be found under Account → Settings → Currency Settings.

The Local Currency Code is predetermined based on where the merchant does business. For now we are supporting: CNY (¥) and USD ($) as the available local currency codes. The Local Currency Code can not be disputed or altered at this time.  

• If the local currency code is set to CNY (¥), the localized prices can only be less than or equal to 6.886 times the USD ($) price.
  
  
• If the local currency code is set to USD ($), all existing product prices are already recorded in USD ($), so no further action is needed by merchants to update the local product prices.

In the coming months, the localized set product prices may be used to calculate merchant payments.

To learn more on how to set localized prices for your new and existing products, check out the links:

Manual:

• How Do I Add A Product Manually?
• How do I edit products I've already uploaded to Wish?
• Default Shipping Price FAQ
• How do I edit product shipping prices for different countries?
• FBW Shipping Price Tool

CSV:

• CSV Sizes and Colors for New Products
• How do I update International Shipping Prices via CSV?

API:

• /product/add
• /product/update
• /product/update-shipping
• /product/update-multi-shipping
• /variant/add
• /variant/update

FAQs:

1. What does the ‘local currency’ mean to merchants?
   
   Starting December 10, 2018, merchants now have the ability to set their local currency for their existing and new product listings based off the Local Currency code found under Account → Settings → Currency Settings. 
   
   In the coming months, the localized set product prices may be used to calculate merchant payments.
   
   
2. Where do merchants view their preset Local Currency code? 
   
   The Local Currency code can be found under Account → Settings → Currency Settings on Merchant Dashboard. Or go to this link here.
   
   
3. What are the Local Currencies currently supported?
   
   For now we are supporting: CNY (¥) and USD ($) as the available local currency codes.
   
   If the local currency code is set to CNY (¥), the localized prices can only be less than or equal to 6.886 times the USD price.
   
   If the local currency code is set to USD ($), all existing product prices are already recorded in USD, so no further action is needed to update the local product prices.
   
4. What are the limitations to updating the local currency price?
   
   If the local currency code is set to CNY (¥), the localized prices can only be less than or equal to 6.886 times the USD ($) price. 
   
   
5. Can I edit my local currency on Wish?
   
   The local currency is determined by where you do business as a merchant. This cannot be edited or disputed. 
   
   
6. Will I be paid in my local currency?
   
   As of December 2018, your store will continue to receive payments in USD, until further notice is given otherwise. In the coming months, the localized set product prices may be used to calculate merchant payments.
   
   
7. Are all local country currencies supported?
   
   At this time, only USD ($) and CNY (¥) are supported. We will notify merchants when other local currencies are supported.
   
   
8. Will the rate, 6.886 between USD ($) and localized currency CNY (¥) ever change?
   
   This number is subject to change at a later date. 
   
   
9. What if my local currency is set to USD? 
   
   No additional product price changes are needed to be made because the price was previously set to USD.