![]() Destination charges with on_behalf_ofĭestination charges are converted to the connected account’s default currency from the presentment currency. If transfer_data is used, the application fee is retained in USD from the initial presentment amount, without any intervening conversions. If application_fee_amount is used, the application fee is converted from USD to GBP. The funds sent to the connected account are converted to GBP. This charge flow is subject to Stripe’s regional and cross-border policies.įor example, you accept a charge for a connected account in USD. If transfer_data is used, the application fee amount remains in the platform’s default currency. If application_fee_amount is used, the application fee remains in the connected account’s currency. Destination charges without on_behalf_ofĭestination charges are converted to the platform’s default currency from the presentment currency and the funds sent to the connected account are converted again to the connected account’s default currency. The funds sent to the connected account are converted to EUR and the application fee is converted back to your platform in USD from EUR. The application fee is converted to the platform’s default currency.įor example, you accept a charge for a connected account in USD. ![]() The following examples illustrate how to work with multiple currencies in Connect: Direct chargesĭirect charges are always converted to the connected account’s default currency from the presentment currency. These currency conversions are created as manual payouts with currency set as the currency of the source balance:Īs long as there are sufficient funds in the balance for the specified currency, Stripe automatically converts the funds to the default bank account’s currency. If you don’t have bank accounts for these other currencies, Stripe provides a way to pay out balances in non-default currencies to your platform’s default bank account. If you create charges on the platform using the destination or on_behalf_of parameters, you might accumulate balances in multiple currencies. However, we recommend that you use the transfer_data parameter to transfer less of the charge amount to the connected account. Application fees for destination charges and converting balancesĪpplication fees collected using the application_fee_amount parameter aren’t converted again for destination charges your platform always receives application fees in the connected account’s settlement currency. If your platform doesn’t use application fees and retains a portion of the charges instead, those funds are paid out (and converted or not) the same way as other charges on the platform account. Stripe converts the application fee based on the platform account’s default currency Not available for the settlement currency ![]() Application fees for direct chargesĪlthough direct charges are in the connected account’s default currency, your platform receives the application fees for direct charges in your platform’s default currency. However, these numbers can fluctuate and may not reflect Stripe’s rates at the time a payment is processed. There are online resources for conversion calculation that can help you estimate current market rates. If you regularly charge in multiple currencies, you may be able to establish multiple bank accounts to have multiple settlement currencies.Ĭurrency conversions use the current exchange rates provided by our service providers, with an additional conversion fee applied by Stripe. Stripe converts the payout balance based on the Stripe account’s default currency No conversion–Stripe uses the bank account or debit card set as default_for_currency Multiple bank accounts or debit cards available for the currency See the supported presentment currencies and the supported settlement currencies.ĭepending on bank account or debit card availability, the following occurs when paying out a balance: The settlement currency is the currency that you can receive payouts in, depending on the charge type and applicable currency conversion. ![]() The presentment currency is the currency that’s used for charges. Separate charges and transfers using on_behalf_of at charge timeĪnother way to avoid currency conversions when performing separate charges and transfers is to use the on_behalf_of parameter.Ī currency conversion occurs if the presentment currency differs from the settlement currency. ![]()
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