CNY Local Currency Feature for Merchants

Introduced in December 2018, a merchant’s Local Currency Code can be found in the Currency Settings section of the Merchant Dashboard Account > Payment Settings page. This FAQ article walks merchants through all necessary information regarding CNY Local Currency Code (to learn more about EUR Local Currency Code, please visit this FAQ article instead).

A merchant’s Local Currency Code may be set in order to reduce the economic risk of fluctuating currencies and simplify the price-setting process for merchants. Currently for Mainland China-based merchants, Wish supports these Local Currency Codes: CNY (¥) and USD ($). Merchants based outside of Europe cannot dispute or manually alter their stores’ Local Currency Code.

Before January 14, 2020 12:00AM UTC, the Local Currency Code was defined based on where the merchant does business. Starting January 14, 2020 12:00AM UTC, the definition of the Local Currency Code is updated to reflect the currency that a merchant is receiving payments in (for example, if at a given time, the merchant is receiving payments in USD, the merchant’s Local Currency Code will be set in USD).

Wish may, in its sole discretion, update the Local Currency Code of merchant stores at any time, and request that merchants provide product prices in a currency consistent with the Local Currency Code; accordingly, merchants will also receive payments in the same currency consistent with the Local Currency Code.

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