Adjust Currency Settlement For Free

In Forex (FX) trading, the settlement currency (also referred to as payment currency) is the second currency listed in the currency pair description (example: EUR. USD). The transaction currency multiplied by the exchange rate will indicate the settlement currency amount for the transaction.

Payments automatically convert to your default settlement currency. Stripe uses the exchange rate at the time of the charge to protect your earnings from rate fluctuations between the payment and your anticipated payouts. In certain countries, Stripe might support settlement in additional currencies.

Payout Currency means the currency that the customer designates, from among the currencies prescribed by the Bank, as that to be used for the payment to the receiver or for the crediting of amounts to the Receiver's Bank Account for the relevant Money Transfer Transaction.

Stripe supports processing payments in 135+ currencies, allowing you to charge customers in their native currency while receiving funds in yours. This is especially helpful if you have a global presence, as charging in a customer's native currency can increase sales.

Settlement currency is the currency a vendor selects to be paid out in and the currency in which funds are sent to the vendor's bank account. You can have one settlement currency or multiple, depending on the functionality of your payment processor and the availability of accounts.

Multi-currency Conversion (MCC) is where the merchant supports multiple currencies for good or services yet receives payment in a different currency regardless of the cardholder currency. The conversion of the currencies is completed ?backstage?.

The presentment currency is the currency that's used for charges. The settlement currency is the currency that you can receive payouts in, depending on the charge type and applicable currency conversion.

To enable alternative currency payouts, you must configure the currencies and bank accounts in your Dashboard. First, in your Payout Settings, you need to select the settlement currency you want to receive funds in using the Manage currencies button to start accumulating a balance in that currency.

In forex (fx) trading, the settlement currency (also referred to as payment currency) is the second currency listed in the currency pair description (example: EUR.USD). The transaction currency multiplied by the exchange rate will indicate the settlement currency amount for the transaction.

Cross-currency settlement risk is a type of settlement risk in which a party involved in a foreign exchange transaction sends the currency it has sold but does not receive the currency it has bought. In cross-currency settlement risk, the full amount of the currency purchased is at risk.