Settlement currency

Table of Content

Starting from August 1, 2022 currency conversion principles for selling products will undergo certain changes. Earlier, conversion happened at the moment of transferring the payment to the seller’s bank account. From August 1, 2022 conversion will happen at the exchange rate for the moment of buyer’s order placement. These changes can help sellers decrease their dependency on the exchange rate of the Russian Ruble and make it easier to forecast their earnings on the platform.

Sellers can choose mutual settlement currency when going through the registration process. Changing it from an existing account will not be possible further on.

After the registration process is complete, the currency is reflected in the Contract and seller’s personal account in the Settings →Details and Contract → Agreements section.

The list of currencies available for your country is as follows:

  • Belarus — BYN / RUB;
  • Kazakhstan — KZT / RUB;
  • China — USD / RMB / RUB;
  • Turkey — USD / RUB;
  • Europe — EUR / RUB;
  • Other countries — USD / RUB.

If you already have a certain currency chosen and want to receive payments in a different currency, you need to create a new account. After it, you can choose a new desired option.

After you have created a new account, you can deactivate the previous one or keep it for further use if it is more convenient for you to receive payments in multiple currencies at once. In this case, you might need to copy your products from one account to another. You can use our guidelines to do that.

Payment exchange rate #

We convert all payments using the Ozon conversion rate, an index based on exchange rates of the Central Bank of the Russian Federation:

  • On August 15 we will pay for all orders delivered before July 31 inclusive using the exchange rate for the date of the payment. Starting from August 1 we will use the exchange rate for the date of order placement.
If you do not have enough earnings to be paid out on August 15, the total for your orders delivered before July 31 inclusive will be converted using the exchange rate for July 31, 2022 next time you receive your payment.

China #

Until July 31 Inclusive Starting from August 1
Available payment currency RMB/USD/RUB RMB/USD/RUB
Available product price currency RUB RUB
Applied exchange rate Russian Central bank rate on the payment date Conversion rate for order placement date
May I change payment currency from RMB to USD? Yes (via Tech Support) No (only for new accounts)
May I change payment currency from RMB to Rubles? Yes (via Tech Support) No (only for new accounts)
May I change payment currency from Rubles to USD or RMB? Yes (via Tech Support) Yes (via Tech Support)

Turkey #

Until July 31 Inclusive Starting from August 1
Available payment currency USD/RUB USD/RUB
Available product price currency RUB RUB
Applied exchange rate Russian Central bank rate on the payment date Conversion rate for order placement date
May I change payment currency from USD to Rubles? Yes (via Tech Support) No (only for new accounts)
May I change payment currency from Rubles to USD? Yes (via Tech Support) Yes (via Tech Support)

Other countries #

Until July 31 Inclusive Starting from August 1
Payment currency EUR/USD/RUB EUR/USD/RUB
Product Price currency RUB RUB
Exchange rate Russian Central bank rate on the payment date Conversion rate for order placement date
May I change payment currency from EUR to USD? Yes (via Tech Support) No (only for new accounts)
May I change payment currency from EUR to Rubles? Yes (via Tech Support) No (only for new accounts)
May I change payment currency from Rubles to USD or EUR? Yes (via Tech Support) Yes (via Tech Support)

Example 1

Order placement date July 31, 2022
Delivery date August 7, 2022
Exchange rate for the date of order placement
Payment date any

Example 2

Order placement date July 15, 2022
Delivery date July 31, 2022
Exchange rate for the date of payment
Payment date until August 15 inclusive

Example 3

Order placement date July 15, 2022
Delivery date July 31, 2022
Exchange rate for July, 31 2022
Payment date after August 15
How to deactivate an old account

If you have changed your settlement currency and want to use only the new account, you will need to deactivate the old one. In order to do this, you need to:

  1. Update your stocks. The total number of products available in the Logistics → Warehouses and Methods section should be equal to 0.

  2. Make sure you will deliver all orders already placed by buyers.

    Removing all product cards before all products have been delivered to buyers will lead to errors in the customs clearance process.

  3. Copy all product cards to your new account.

  4. Create a Tech Support request choosing Setting up a personal account → Seller’s account: registering, activating, setting up, deleting an account and tell us that you want to delete your old account.