Set currencies and custom pricing units

You can create custom pricing units and use different currencies when building a rate card in Metronome. Doing so ensures that billing aligns with the unique needs of your products and services, no matter where your customers are located.

Pricing using custom units can decouple pricing from currency fluctuations and provide a standardized unit of value that's understandable across all markets. This approach simplifies pricing logic for customers to understand how their usage translates into cost.

Supported currencies

Use different currencies to provide a localized billing experience for your global customers. Metering on local currency eliminates confusion around conversation rates and provides a customer-centric billing approach for international customers. Metronome supports these currencies:

USD	AUD	BRL	CAD
CHF	CZK	EUR	GBP
INR	MXN	NGN	NOK
PLN	SEK	TRY	ZAR

Use custom pricing units

To use custom pricing units:

1. Create a custom pricing unit in the Metronome app.

   a. Go to Offering → Pricing units → Custom pricing units → and click Add.

   b. Name your new pricing unit as you want it to appear on Metronome invoices.

2. Create a rate card and set the rate card’s fiat currency. Each rate card is associated with one fiat currency.

   a. Add rates to the rate card in either the chosen fiat currency or custom pricing units.

   b. If the rate is a custom pricing unit, define a conversion rate from the underlying fiat currency.

   note

   Once the rate is saved in one pricing unit for a given product, you cannot change the pricing unit for that rate afterwards.

   

   b. Click Save.

Example: Use custom pricing units and currencies in commits or credits

Credits and prepaid commits, on a contract or at the customer level, can have access schedules in custom pricing units and select currencies. For example, you can have a prepaid commit, paid for in CHF, that gives access to 100 Cloud Compute Tokens.

Example: Invoice with custom pricing units and currencies

Usage of a product with custom pricing unit rates burns down credits and prepaid commits with access schedules in that custom pricing unit. For example, 100 Cloud Compute Tokens was burned down by the AI Model Training usage.

If there are no applicable credits or prepaid commits with access schedules in that custom pricing unit, a conversion line item is added to calculate the cost in the specified fiat currency set on the rate card.

For Acme’s invoice, after burning down all prepaid commits, the remaining total of 350 Cloud Compute tokens is converted to the fiat currency and is the total due.