Configuring Pricing Settings

1        On the Price Sheet Management page, open the Settings tab.

2        From the Site Currency pull-down list, select the currency standard to use for the site. 

You cannot change the site currency if credit card merchant accounts are enabled on your site. (You can temporarily disable the merchant account, change the currency, then reenable the merchant account, if needed.)

You can change the default currency used for displaying prices on the storefront to any of the currencies supported on the site. Also, all data sent to other systems (e.g., output devices, MIS, ESC, etc.) will refer to the site currency when applicable.
1. Click the currency link in the footer of any page on the site.


Although you can change the currency that is displayed on the storefront, any purchases you make on the site are still charged in the site's currency.
2. In the Currency field, select the currency you want to display on the storefront. The conversion rate (relative to the default currency for the site) is updated based on the currency you selected.

3        If you want your buyers to see their orders in currencies other than the site-level currency and you wish to manually maintain exchange rate data for the other currencies, check the Enable currency conversion box.

Enabling currency conversion will cause the Alternate Currencies tab to be displayed. To configure alternate currencies see Configuring Alternate Currencies.

4        In most cases you will not need to use this field because the MarketDirect StoreFront database already knows how many decimal places your site currency requires. If you have a currency denomination(s) that your country does not use, you can supply a smallest currency unit that you want your buyers to see.

●        For example: The MarketDirect StoreFront database knows that Australian dollars use 2 digits after the decimal point; however, the Australians do not use the smallest unit (.01) as a coin. Their smallest coin is 0.05. In this case, an Australian site can check the Override default currency rounding off feature box and then enter 0.05 as the smallest unit in the Site Currency Rounding Off value field.

●        Another example: In the U.S., the lowest denomination of the U.S. dollar is one cent ($1/100 or $.01), whereas in Switzerland, the lowest denomination of the Swiss franc is five rappen/five centimes (.05 CHF or S.fr.). To accommodate buyers making purchases with Swiss franc currency, you would set the rounding value to .05 since the currency does not have a .01 denomination.

Warning: The Override default currency rounding off feature box should not be checked for the overwhelming majority of currencies (e.g., U.S. Dollar, the Euro, the Japanese Yen).

The Site Currency Rounding Off value field should not be used to have MarketDirect StoreFront display more decimal digits than it normally would. If you want to display more decimal digits, please contact support.

5        If you are using the Sales Tax taxation model:

●        Perform Tax Calculations: Check if you want taxes to be shown in the shopping cart or clear the box to prevent taxes from displaying in the shopping cart.

●        Perform Shipping Calculations: Check if you want shipping charges to be calculated or clear the box to omit them.

●        Charge Taxes for Shipping: Check if you want tax charges to apply to shipping as well as the product order total.

Charge taxes for shipping will be active only if Perform Tax Calculations and Perform Shipping Calculations options are both checked.

●        Charge Taxes for Handling: Check if you want tax charges to apply to handling as well as the product order total.

OR

If you are using VAT taxation model:

●        Perform VAT Calculations: Check if you want VAT amounts to be shown in the shopping cart or clear the box to prevent VAT amounts from displaying in the shopping cart.

●        Perform Shipping Calculation: Check if you want shipping charges to be calculated or clear the box to omit them.

●        Charge VAT For Shipping: Specify the VAT definition to use for shipping charges.

Applies only if both VAT and shipping calculations are performed.

●        Charge VAT for Handling: Specify the VAT definition to use for handling charges.

●        Charge VAT for Postage on Direct Mail jobs: Specify the VAT definition to use for direct mail jobs.

●        Charge VAT for Mailing List on Direct Mail jobs: Specify the VAT definition to use for mailing lists on direct mail jobs.

●        Charge VAT for Digital Downloads: Specify the VAT definition to use for digital download products.

6        Select Show Unit Prices if you want unit prices to be shown to buyers on the storefront during the ordering process.

You can override this setting at the company level on the Manage Company page.

7        Click Save.

In some cases, MarketDirect StoreFront is not able to calculate the actual tax and shipping charges for an order. Thus, the order prices in the shopping cart are estimated rather than actual. Configuring an estimated pricing policy will help you manage how this "subject to change" information is communicated to buyers in the shopping cart to prevent unexpected discrepancies between the estimated price quoted in the shopping cart and the actual price charged to the buyer's account when enough data is available to render actual amounts. You can communicate estimated pricing for the following types of charges:

●        Shipping

●        Handling

●        Tax

●        Subtotal

You can set your estimated pricing policy at the site level (the policy settings will apply to all orders placed through all Print Shops and companies on your site), at the Print Shop level (settings will apply to all orders placed through a particular Print Shop), or at the company level (settings will apply to all orders placed through a particular company). This section covers how to set an estimated pricing policy at the site level.

●        For information on setting an estimated pricing policy for a Print Shop, see Estimated Pricing Policy - Print Shop Level.

●        For information on setting an estimated pricing policy for a company, see Estimated Pricing Policy - Company Level.

If you do not want to communicate that prices for any of the order elements (shipping, handling, tax, subtotal) are estimated rather than actual, you do not need to do anything. By default, MarketDirect StoreFront does not communicate to buyers that amounts are estimated rather than actual. If you want to override this default and communicate that prices in the shopping cart are estimated rather than actual follow the steps below.

Note that the estimated values are labeled "Estimated" and prefixed with an asterisk that directs buyers to a message stating that the final charges will be calculated when the order is completed: "Your order contains estimated amounts; final charges will be calculated upon completion of your order. If paying by Credit Card, the initial authorization may not reflect the final total. You will only be charged for the final amount." The buffer applied to the subtotal will have the label "Subtotal Adjustment." Please note that the message and labels are customizable using MarketDirect StoreFront's Language Management string customization tools (for more information see the topic Language Management - Customize Strings).

Note that the estimated pricing policy settings place at the time an order is placed will be retained even if the estimated pricing policy settings are changed after the order is placed (i.e., the buffered amounts will be retained for a specific order as they were calculated at order placement). 

1        Go to Administration > Pricing.

2        On the Price Sheet Management page, open the Settings tab.

3        In the Estimated Pricing Policy section, check the Estimate box for each order element whose price you want to designate as estimated.

●        Shipping: This is the shipping charge for delivering the order.

●       Handling: This the handling charge you assess for the order (picking, packing, packing materials).

●       Tax: This is the tax assessed on the order.

●        Subtotal: The price of the order before shipping, handling, and tax charges are added.

.

4        After you select an element, the Buffer Type pull-down list becomes active. Specify the buffer type:

The buffer is the amount added in the shopping cart to allow for some discrepancy between the quoted price and the actual price. You can set a buffer as a fixed amount or a percentage. If you apply a percentage, for anything, that amount is calculated before any other buffers are applied. For instance, the percentage is applied to the calculated total amount (not the estimated price). For example, if Shipping has a fixed amount buffer of $5, Handling has a % amount buffer of 10. The order is for $100 of product with a $10 shipping amount and a $2 handling amount. After the buffers are applied, Subtotal = $100, Shipping = $15, and Handling = $13 (as in (2 + (($100 + 10) * .1)) = (2 + (110 * .1)) = (2 + 11) = 13).

●       None: Select this option to have the calculated amount for the element considered as estimated (and communicated to buyers via a message).

For sites integrated with an MIS: If you want to use the estimated pricing feature, make sure that your MIS supports receiving buffer values. If it does not, you can use estimated pricing (e.g., to designate a bucket such as shipping, handling, etc.) as estimated, not actual, but leave the Buffer Type option set to None so you cannot enter an amount. The message will still be displayed in checkout in this case, but no additional buffer amounts will be added to the order.

●       Amount: Select this option to have the estimated price of the element increased by a fixed amount that you specify in the Amount field as a "buffer."

●       For example, if you select the Amount Buffer Type and specify an Amount of 5.00, a fixed amount of $5.00 (or 5 units in the selected currency) will be added to the estimated order total in the shopping cart.

●        Percentage: Select this option to have the estimated price of the element increased by a percentage that you specify in the Amount field as a "buffer."

●        For example, if you select the Percentage Buffer Type and specify an Amount of 5, a percentage amount of 5% will be added to the estimated order total.

5        After you select an Amount or Percentage buffer type, specify an amount in the Amount field as a numeric (decimal) value such as 5, 5.0, or 5.5.

6        Choose whether to charge taxes for Direct Mail jobs and Digital Download products:

●        Charge Taxes for Postage on Direct Mail jobs: Select the appropriate tax authority from the pull-down list to apply.

●        Charge Taxes for Mailing List on Direct Mail jobs: Select the appropriate tax authority from the pull-down list to apply.

●        Charge Taxes for Digital Downloads: Select the appropriate tax authority from the pull-down list to apply.

7        Select a rounding mode from the Midpoint Rounding Mode pull-down list:

This will apply only to orders placed subsequent to the introduction of this field in MarketDirect StoreFront v. 7.4U1 and not to orders placed previously.

●       Toward nearest number away from zero: This option will cause a number halfway between two others to be rounded to the nearest number away from zero (this rounds "up"). For example: This option would cause the value 2.025 to be rounded to 2.03.

●       Toward nearest even number: This option will cause a number halfway between two other to be rounded to the nearest even number (this could round "up" or "down"). For example: This would cause the value 2.025 to be rounded to 2.02 but the value 2.035 to be rounded to 2.04).

8        Click Save.

 

Alternate currencies include all MarketDirect StoreFront-supported currencies other than the standard site currency that you want to support for buyer purchases on your site.

Configure alternate currencies

1        Go to Administration > Pricing.

2        On the Price Sheet Management page, open the Alternate Currencies tab.

3        In the Active column of the alternate currencies grid, select the currencies you want to support for buyer purchases. These will be currencies that a buyer may select to see on the web site and that you, the administrator, agree to regularly maintain by updating the currency conversion rate.

4        In the Currency Conversion column, type a conversion rate for the selected currency with reference to the standard site currency.

For example, if your standard site currency is U.S. dollars ($) and you are configuring the alternate currency Swiss francs (SFR), then you would enter the current conversion rate as a percentage against the base rate.

Currency conversion in MarketDirect StoreFront is not a real-time operation and must be configured manually on this tab. The purpose of this manual currency conversion was to allow administrators to change the rates when necessary or desired (as per the end of a period or month) as opposed to serving as a real-time currency exchange rate calculator that would change constantly. Note also that all sales are calculated in the base rate, which is important for credit card transactions.

5        In the Currency Rounding Off column, type the rounding value to apply to the selected currency.

●        For example: The MarketDirect StoreFront database knows that Australian dollars use 2 digits after the decimal point; however, the Australians do not use the smallest unit (.01) as a coin. Their smallest coin is 0.05. In this case, an Australian site can check the Override default currency rounding off feature box and then enter 0.05 as the smallest unit in the Site Currency Rounding Off value field.

●        Another example: In the U.S., the lowest denomination of the U.S. dollar is one cent ($1/100 or $.01), whereas in Switzerland, the lowest denomination of the Swiss franc is five rappen/five centimes (.05 CHF or S.fr.). To accommodate buyers making purchases with Swiss franc currency, you would set the rounding value to .05 since the currency does not have a .01 denomination.

Warning: The Override default currency rounding off feature box should not be checked for the overwhelming majority of currencies (e.g., U.S. dollar, the Euro, the Japanese Yen).

The Site Currency Rounding Off value field should not be used to have MarketDirect StoreFront display more decimal digits than it normally would. If you want to display more decimal digits, please contact support.

6        Click Save.

Once you have activated the alternate currencies on this tab, you can specify which currencies to support for each company and department.

For information on specifying supported alternate currencies at the company level, see Companies.

For information on specifying supported alternate currencies at the department level, see Departments.