Set up exchange rates
-
On the Admin sidebar, go to Stores > Other Settings > Reward Exchange Rates.
-
In the upper-right corner, click Add New Rate.
-
In the Reward Exchange Rate Information section, do the following:
-
Set Website to the sites where the reward exchange rate applies.
-
Set Customer Group to the groups where the reward exchange rate applies.
-
Set Direction to one of the following:
Points to Currency
Currency to Points
For either Direction setting, the amount is represented in the base currency of the website.
-
-
Enter the Rate values according to the Direction setting.
Direction Rate settings Points to Currency In the first Rate field, enter the number of points. In the second Rate field, enter the monetary value of the points. Currency to Points In the first Rate field, enter the monetary value. In the second Rate field, enter the number of points that is represented by the monetary value. When converting points to currency, the number of points cannot be divided. For example, if ten points convert to $2.00, points must be redeemed in groups of ten. Therefore, 25 points would redeem for $4.00, with 5 points remaining in the customer’s balance.
It is recommended that you set up a conversion for both
Points to Currency
andCurrency to Points
. -
When complete, click Save.