Ultimately, a customer is always refunded the exact amount they paid and in the currency they paid in, regardless of the rate and cost to the Stripe user.įor example, if your settlement currency is EUR and you process a 60 USD payment at a rate of 0.88 EUR per 1 USD, the converted amount is 52.80 EUR (excluding the Stripe fee). The returned amount can be less-or more-than what the payment provided. This fluctuates on a daily basis, so the rate used when a charge is converted often differs from the rate used when a dispute or refund occurs. If a currency-converted payment is disputed or refunded, the amount you received is converted back to the presentment currency at the current rate. Otherwise, you can only avoid currency conversions by charging in your default currency, although that could have a negative impact on your sales. If you regularly charge in multiple currencies, you may be able to define multiple bank accounts to support multiple settlement currencies and avoid conversions. If the currency is enabled at the time the charge is made, no conversion occurs. When you add or remove a bank account for that currency, settlement in that currency is enabled or disabled accordingly.These can be enabled or disabled on the settlement currencies page. In some countries, additional currencies may be enabled for settlement.If there is no bank account available for that currency, Stripe automatically converts those funds to your default settlement currency.
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If there are multiple bank accounts available for a given currency, Stripe uses the one set as default_for_currency.Avoiding currency conversionsĬurrency conversions occur at the time the charge is made. Note that the estimation page excludes Stripe fees that may apply to certain types of conversions (as set out on our pricing page). You can estimate currency conversions using our estimation page and see the actual exchange rate used for a conversion through the API or in your Dashboard. You can see more details about pricing for currency conversion on our pricing page. When converting currencies on a payment or transfer, Stripe applies the daily mid-market rate provided by our service providers and takes an additional fee. The actual exchange rate you pay ordinarily includes markups from financial institutions. Calculating foreign exchange ratesĮxchange rates displayed online are typically mid-market rates: the average between the buy and sell price of the currency.
#Fx currency converter manual
If you choose to create a manual payout in a currency without an associated bank account, a conversion occurs when currency is set to 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. When the presentment currency differs from any of your enabled settlement currencies-the currencies accepted by any of your bank accounts or debit cards-or you have disabled the currency in the payout settings of your dashboard, Stripe automatically converts the payment to your default settlement currency before transferring the funds.
When those balances are paid out to an associated bank account (or debit card), Stripe automatically sends funds to the associated account for each currency, thereby avoiding exchange fees.
When a Stripe account receives payments in multiple currencies, Stripe accumulates separate balances for each currency. You specify the presentment currency when creating a PaymentIntent or a charge. Doing so can improve sales and help customers avoid conversion costs. Stripe supports processing charges in 135+ currencies allowing you to present prices in a customer’s native currency. Connect platforms have additional considerations with respect to currency conversions.
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