| RapidLance Help:
Multicurrency Minimize Help Sections | Maximize Help Sections |
| ABOUT MULTICURRENCY |
| Multicurrency allows you to change the currency displayed
on RapidLance from U.S. dollars to a currency you choose. If you select this
option, projects, bids and records will display in your chosen currency.
You can set your currency preference from the My RapidLance Menu page.
RapidLance Billing and Payment System permits transactions in any currency. The methods for funding your account or sending payment may be subject to restrictions. Generally, funds sent from outside the U.S. to RapidLance should be sent via wire transfer. International checks may take up to 8 weeks to clear. RapidLance will continue to expand this program in the future. For questions on Multicurrency and Billing and Payment, please refer to the Billing and Payment Help pages. For specific questions, feel free to contact Customer Service. |
| How it works | Back to Index |
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| How does multicurrency work if I am the
buyer? The official price of anything you buy is always in the currency you select. When you post a project, service providers must bid for the project in that currency. When you select a winning bid, the official price is displayed in your currency. If I am a service provider, which currency should I use for my service profiles? Service profiles list aproximate rates in the service service provider's preferred currency. However, the buyer will see the price per unit at current exchange rates in their own currency. If a buyer purchases your services, payment will be made in their chosen currency. If you do not wish to do business in that currency, you can decline the project. |
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| Which currency do I use to pay for
services? When you buy services through RapidLance, payments will be made in your chosen currency. You always have the option of setting up your own payment agreement independently with the service provider. What does RapidLance base currency exchange rates on and when is the information posted? All exchange rates are based on the previous day's exchange history and are posted at 12:00 PM, Eastern Standard Time. What happens when the buyer's currency is different from mine? Prices are always set in the buyer's preferred currency. If you bid on a project, you must bid in the currency selected by the buyer. When you view an project posted in a currency different than yours, you will see the initial estimate in the buyer's preferred currency, and the equivalent amount of your currency shown in brackets. How are prices displayed in the project Marketplace? In the project Marketplace, you will see project estimates and bids in your preferred currency. The project description page displays estimates and bids in the buyer's preferred currency, and the equivalent amounts in your currency in brackets. How are prices displayed if I am browsing service profiles? Service profiles are always shown in your preferred currency. If you order a service, it will be priced in your currency. In other words, the buyer's currency is the currency for the project. How are prices displayed for a user's transaction history? You can view a user's transaction history from their profile page. Each transaction is listed in the currency of that project's buyer. The equivalent amount in your currency is shown in brackets. All amounts shown are at the prevailing exchange rate on the day the conversion took place. |