European Central Bank integration with Spacebring lets coworking spaces and flexible offices bill members and companies in the currency they actually agreed on, not just the currency your business uses internally. With European Central Bank, Spacebring auto-updates exchange rates and applies the right conversion at checkout or when an invoice is issued.
Bill each customer in the currency they prefer
- Set the currency your customer expects as an alternative currency on their profile, even if it's not your main location currency.
- For example, an operator in the Philippines can sign a contract with a UK-based company and bill that client in Pound Sterling, while everyone else stays on the location's usual currency.
- Turn on auto-update rate and choose European Central Bank as the provider, so Spacebring keeps that customer's rate current.
Convert between any two supported currencies
- Unlike a single country's central bank, European Central Bank rates aren't limited to converting a single currency into your main one.
- Spacebring converts through EUR behind the scenes, so a Korean won invoice billed in US dollars, for example, is first converted from won to euro, then from euro to dollars.
- That makes European Central Bank a good fit for coworking businesses billing members and companies across many different currencies, not just one local pair.
Protect pricing from local currency swings
- European Central Bank rates can also be used the way a local central bank's rates are: to index your pricing against a stable reference currency.
- For example, an operator in Poland can keep pricing in EUR and let Spacebring live-convert the payable amount to Polish złoty for selected tenants.
- Either way, each invoice keeps a clear record of the exchange rate used at the moment it was issued.
