Application Support:Multiple Currencies
From HasOffers
Enterprise and Dedicated Solution clients can now operate their affiliate network with multiple currencies. While the network does set the default currency, they can enable Multiple Currencies. Multiple currencies enable networks to set cost and revenue for an a per offer basis to use a custom currency. If a network has their default current set to US Dollars, they can set an offer to use the currency of Euros. Cost and revenue in each currency is tracked separately.
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Multiple Offer Currencies
To enable multiple currencies, select Customize Application then Application settings. Then enable Multiple Currencies.
Once enabled you can set a specific currency for an offer by viewing and offer and clicking the Edit link on the Payout panel. Then select the custom currency and save changes. The payout and revenue will then be displayed in terms of the custom currency including in the affiliate's interface.
Custom currencies can only be those that the European Central Bank provides exchange rates for. Exchange rates are required so that the HasOffers can make estimated of the activity in the default application currency so that rollup and summary reports will include activity for all currencies. View the list of Custom Currencies.
Reporting
Cost and revenue will be recorded in terms of the custom currency. If there are stats for offers in more than one currency, you can group Reports by currency. Cost, revenue and sale amount will be displayed for each currency.
The main cost, revenue and sale amount columns are calculated by converting the custom currency to the default application currency. The conversion using the exchange rate which is updated once daily from the European Central Bank.
http://www.ecb.int/stats/eurofxref/eurofxref-daily.xml
This custom currency conversion to the default currency allows statistics on the manage offer, manage affiliate pages and all reports to have a simplified account of activity in the default currency. Affiliates, advertisers and employees all have access in the interfaces to group reports by currency since affiliates are paid in the currency of the offers they promote and advertisers pay the network in the custom offer currency.
The below shows the offer TuneStar – DE which has a custom offer currency set to 4,75€ CPA and revenue value of 5,00€ RPA while default application currency is set to USD. When viewing reports and select data of Currency, reports will be grouped by currency. As you can see below 4,75€ x 5 conversions equals cost of 23,75€. 5,00€ RPA times 5 conversion equals 25,00€ revenue. These Euro Payout and Euro Revenue numbers are then converted based on the daily exchange rate to get cost of $29.28 USD and revenue of $30.82 USD.
Affiliate and Advertiser Billing
Affiliate and advertiser billing was updated to support multiple currencies. Invoices are then generated by currency. So if an affiliate has stats for a time period in three different currencies, then three invoices will be created - one for each currency. Advertiser invoicing operates the same way.
When generating an affilaite or advertiser invoice, you first have to select the currency and then corresponding statistics will be displayed for the offers that use the specified currency.
Changing Offer Currency
If an offer uses a default offer currency and its is then updated to use a custom currency, only new statistics are recorded in the custom currency for the offer. This update isn't retro-active and only applies to new activity.
Support Questions
- Can I block affiliates from an advertiser or an offer?
- Can I create a similar offer or copy?
- Can affiliates apply for an offer?
- Can an affiliate convert for multiple offers on one merchant?
- Does HasOffers support 3rd party pixels?
- How can I add a global pixel?
- How can I add an email creative?
- How can I add the cookie duration for an offer?
- How can I change the cookie duration for a specific affiliate?
- How can I change the status of an offer?
- How can I delete an offer?
- How can I fire a pixel to cookie a visitor by impression?
- How can I hide a creative from an affiliate?
- How can I import and track Commission Junction offers in my HasOffers network?
- How can I pass a custom url in the tracking link?
- How can I redirect a restricted country to another offer?
- How can I set up multiple landing pages for the same offer?
- How can I setup banners so that the tracking URLs are inserted into Flash?
- How can I test affiliate third party pixels or tracking URLs?
- How can I test my third party affiliate pixel?
- How can I track clicks and conversions for multiple landing pages?
- How can I upload a list of leads and conversions?
- How do I add a conversion cap to an existing offer?
- How do I add conversion caps for specific affiliates?
- How do I manually approve my affiliates?
- How do I pass subids onto the networks from which I pull offers from?
- How do I place JavaScript code as a third-party pixel for an affiliate?
- How do I test an offer I have loaded in my network?
- How does Enforce Geo-Targeting work?
- How many characters can a Sub Id have?
- How to add amount in conversion pixel for cost per sale?
- How to fix formatting terms and conditions?
- Is it possible to have affiliates auto approved?
- Is it possible to setup offers by CPM- Cost per Thousand Impressions?
- Is the global postback url for "all offers" compatible with secure and non secure pixels?
- What does no active session found for offer mean in my log file?
- What does “code is invalid based on type” error mean?
- What happens if I change my custom tracking domain?
- What is a Reference ID?
- What is the difference between SEO friendly links and tiny URLs?
- What is the length of the cookie lifespan through HasOffers?
- When I upgrade will my tracking links and pixels change?
- Where can I find the Google Analytics key?
- Where can I preview offer errors?
- Where do I have my advertiser place the conversion pixel?
- Why do auto approved affiliate accounts appear under Pending Affiliates?
- Why do some of my affiliates have no traffic referrals?
- Why won't the pixel fire on my side when the advertiser tests it?
- Will my tracking links stop working if I change my custom domain?
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