Multi Currency Guidance feature
ArtMarketDirect.com offers a simple Multi Currency Guidance feature using currency tabs along the right hand side of the screen.
The exchange rates update against the default currency of GBP Sterling every 30 minutes e.g. the euro amount may well change every thirty minutes across a day as guidance to browsers.
The disparity between Google Finance and PayPal.
The exchange rates applied use Google Finance. The ultimate price paid will be in pounds and PayPal exchange rates at the moment of purchase will apply if your own PayPal account is set by default to a different currency.
This means at the moment the purchase is made in the default currency of GBP Sterling. If your PayPal account is set by default to a different currency e.g. Euros then PayPal Exchange rates apply at the moment of the transaction and you may get more or less than the Euro amount displayed on the site.
ArtMarketDirect.com cannot guarantee that the converted rates of currencies which are not GBP are the same as displayed on the website and the transaction rate applied in real-time by PayPal.
The Multi Currency feature is only a ‘guide price’ in the currency of choice. Nothing more.
If a collector is browsing a gallery with a Multi Currency tab selected other than GBP, and then they buy a piece of artwork, it will be added to their cart in the chosen currency. If they proceed to checkout, the transaction will be undertaken by PayPal in that currency. This means if an artwork is listed at £100 but is browsed in Euros and then bought by a collector whose PayPal account is based in GBP, PayPal will apply their exchange rate.