FAQ - Currency Conversion
- What is currency conversion?
- Can I buy or sell in my local currency?
- How much does it cost to use currency conversion?
- How is my country determined?
- My local currency is wrong. How do I change the country setting?
- What is the currency estimator?
- Can I pay in my local currency?
- How are currency estimates calculated?
What is currency conversion?
Currency conversion lets international buyers browse the site and view item listings in their local currency. It gives buyers a better understanding of an item's value in their country, helping them determine a fair offer price for the item.
Prices are estimated values, updated based on daily exchange rates. However, all negotiations and transactions are completed in U.S. Dollars.
Can I buy or sell in my local currency?
Although prices are displayed in your local currency, all negotiations and transactions are completed in U.S. Dollars to avoid any currency miscalculations.
Being able to view prices in your local currency lets you understand the value of the item(s) better to be able to make or accept reasonable offers.
How much does it cost to use currency conversion?
No, currency conversion is a free feature to enhance the buying experience on iOffer.
When you visit the site, prices will be automatically converted to your local currency. Remember that these prices are estimated values based on daily exchange rates.
How is my country determined?
iOffer tries its best to predict your location, automatically converting all prices for your convenience. If your location is incorrect, please update your country setting.
My local currency is wrong. How do I change the country setting?
If your country is set incorrectly, click on the country name on the top right side of the page to change it. Select your country from the drop-down menu or type in your country name to update the local currency.
What is the currency estimator?
When making an offer on an item, the currency estimator converts an estimated equivalent of your offer price in U.S. dollars to your local currency to help you determine a fair offer.
Can I pay in my local currency?
No. All negotiations and transactions must be completed in U.S. Dollars.
Using one standard currency ensures the accuracy and understanding of a deal by both the buyer and the seller, preventing disparities between daily exchange rates.
How are currency estimates calculated?
At the beginning of each day, all prices will be updated according to the standard international exchange rate for that particular day.
