Using Multiple Currencies in Magento Ecommerce Store: An Overview
If you are into ecommerce business, then you must be aware that Magento is an ecommerce platform that is extensible and flexible with multi-currency and multi lingual support capabilities.
The internet has in fact made our world a much smaller place where merchants can explore wider markets with shoppers from all over the globe accessing the website and purchasing products.
However, if you have plans to have an international outreach, then you need to add the multi-currency feature in your Magento websites so that customers from all over the globe can transact in different currencies.
What is Multi-Currency Support from the Business Perspective?
Localized checkout experience is important for a successful global Magento store and shoppers can easily complete the sale only if they can use the option to pay in their own preferred currency.
So, the choice of your e-commerce development platform matters a lot because many of them don’t have the features to support multicurrency.
Magento ecommerce platform is a great option because it offers an array of features that include the multi-currency support to extend the reach of your existing store.
The Different Currency Options that Magento Offers:
Native Magento Currency Options can be Expressed by Three Different Possibilities:
The first option is to have a base price that is set on every product. This can be done by using a single currency and it means that everyone will check the base price and this is set when you are setting the price of a specific product at the default level.
The second option that Magento ecommerce offers to the users is its native currency conversion operating at run time on a per store basis.
It is here that the customers can view the prices of the products in different currencies.
This allows the customers to get a rough idea about the amount that the website will charge after conversion.
This multi-currency option suits those merchants having a majority of sales in one country and a simple option for some other locations like India, UK, Canada, Australia and etc.
The third option is where the Magento store owners can set a different currency at a website level from the default level.
This makes it possible for the site owners to easily include options like setting prices that look good to charging the customer’s credit card in their native currency.
This option, though labor intensive and time consuming has great potential benefits.
The Benefits of Opting for Multi-Currency on Your Magento Ecommerce Store:
Reduced Cart Abandonments: Multi-currency reduces the abandonment of carts and refunds to a great extent and shoppers also enjoy the lack of effort needed to calculate conversions of currencies in their native currency.
Consistency in Displaying Prices: Another benefit that the customers enjoy is the consistency that is maintained in pricing display.
They are more comfortable and confident about purchasing from a Magento store that displays the prices in currencies they are used to.
Increased Customer Loyalty: Selling the products in the shopper’s own currency also shows the intention to serve the customers better.
And this drives trust and loyalty and also reduces the burden of extra fees that they have to pay for currency conversion.
Also Read: Essential Guide to Customer Segmentation for Your Magento Ecommerce Store
With this reduced cost and user friendly services, the chances of more loyal customers increase, who become repeat buyers in future.
Drupal Security Modules That Are Worth Installing
Drupal is a feature rich CMS that is backed with some of the most phenomenal themes and modules that help the users to offer consistent security updates while keeping the chances of risks to the minimum.
As an open source CMS written in PHP, Drupal development powers around 2.5 % websites and on a regular basis adds more security features to this popular CMS.
But yet the question often arises about the credibility of open source technologies?
However, hackers always find some or other vulnerabilities in Drupal and so users should keep the site extra secure with some of the best security modules that are available for Drupal.
Though the community is very quick to update any security concern, but this does not reduce the possibilities that the customization made by any third party modules or themes will not open the CMS to more vulnerabilities.
Here in this blog, we have listed some of the best Drupal security modules that you may choose to use. Have a look!
Login Security:
This is a great Drupal module that helps you to secure the login forms. With more than 100,942 downloads and compatible versions of Drupal 8 and below, a website manager can easily ensure access control by adding access control highlights to the login frames. The site administrator can restrict access by IP address, or any invalid logins before blocking the accounts. The module also notifies over emails if the login form is under any attack with brute force methods that include username, password guessing attempts.
Password Policy:
This is a security module that imposes guidelines for setting an account password. This module has an approximate download of 407,000 and can be used to define the constraints for setting the account passwords.
With this Drupal module, the site administrators can define a rule that the password should have a number, one uppercase letter or a special symbol.
The Password Policy module helps to prevent the reuse of the password and it also allows you to set the password expiry time and all these things can be set either for a specific role or for all the users.
Session Limit:
This is another popular Drupal development module that allows the admins to control a number of concurrent sessions per user.
This module has about 58,500 downloads and it drives the users to logout of any additional sessions when they cross the limits of the defined number of sessions.
The session is set for every browser that the users can use to sign in.
Two Factor Authentication:
The name itself suggests that the two factor authentication allows you to enable an extra layer of security in the login of your site.
The module asks the user to mention the mobile number during the time of account creation and then sends a verification code each time the user logins.
The user receives a one-time password soon after entering the username and password. If the user successfully mentions the OTP in the second login screen, then the access is granted to the user or else it is restricted.
Most organizations have now switched to this new security module for extra protection for their Drupal website.
These are some of the security modules that can help to secure your Drupal CMS. It is important to check any third party modules before final installation.
So, consider a proper penetration testing of your site to check the kind of vulnerabilities in your site and how the module will help to prevent them.
Related Blog: How to Optimize Your Drupal 7 Website Performance
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