This update is important for our customers who registered before 5th of January, 2023.
At Oddience, our mission is to help professionals launch and scale their consulting practice with ease, and part of the work required to make this possible is to enable borderless payments so you can serve your clients anywhere in the world.
This has been no easy feat, a lot of work has been going on in the background, but when we launched in private beta in August, 2022, we wanted to make sure payments were possible for our early users.
We started with Paystack as our payments processor to enable easy collection of payments in Nigerian Naira (NGN).
Our recent update changes that.
At the start of 2023, we overhauled our payments infrastructure to enable easy collection of payments in multiple currencies. This instantly makes your business global!
To improve your net earnings, we opted for all services to be listed in the US Dollars ($), a stable currency.
This ensures you always receive the best monetary value for your service regardless of where your clients are situated.
This effectively also means your event prices are now based in $, but not to worry! Your customers get to pay in their local currency at the going market rate.
This assumes your primary location is the USA.
Let's look at some examples.
Say you set an event at $10, your default business page will have your event prices based in $, but your clients will see different currencies based on their location.
In a scenario where we can't identify the location of your customer, we display the default currency $.
NB: Please note the amounts change on a daily basis given dynamic currency exchange rates.
Where do my payments go?
As part of the upgrade, you now have a wallet for every currency we support.
This means whenever customers pay you, the amount in whatever currency each customer pays you in, is applied to the wallet of that currency.
Using the example above:
- Payment from your customer in London will go to your GBP wallet
- Payment from your customer in Nigeria will go to your NGN wallet
- Payment from your customer in Ghana will go to your GHS wallet
And so on..
This is one of the many exciting updates we have for this year.
If you have a feature suggestion, please send a mail to support@oddience.co
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article