What is Local currency service on Alibaba.com?

To make transactions more seamless for you, Alibaba.com co-operates with independent foreign exchange organizations to support currency exchange services for more than twenty foreign currencies. If you wish to use your domestic currency to make a payment, you will be able to see the foreign currency equivalent by choosing such from the checkout page.

The applicable foreign exchange rate will be updated daily.

To provide better services, for all transactions where you wish to pay in your domestic currency and use the foreign exchange services via Alibaba.com’s independent foreign exchange organizations, Alibaba.com will set the last two decimal places of your local currency order total amount to .

90 when you make payment. As a buyer you can receive the exact amount of domestic currency you originally paid in the event that a refund occurs.