#Kinnls
unique mirage
steady flax
Could you explain what you would like to achieve?
wraith fulcrum
I have an account that receives US dollars.
We now want to collect money in the European market.
I don't know if it is possible to receive multiple currencies in the same account.
Can I add a new sub-account to the original account to receive payments from Europe?
steady flax
If your account is an US account, it supports multiple presentment currencies including EUR: https://stripe.com/docs/currencies?presentment-currency=US
During settlement, it will settle the funds in USD
wraith fulcrum
My account is in Hong Kong.
So, Can I add a new sub-account to the original account to receive payments from Europe?
steady flax
When you mention sub-account, are you referring to connected account (https://stripe.com/docs/connect) or another standalone account with Stripe?
wraith fulcrum
connected account
steady flax
If your platform account is a HK and you would like to have an Europe connected account and pay out to it, this is currently not possible.
Cross border payout is only available with US platform account: https://stripe.com/docs/connect/cross-border-payouts
wraith fulcrum
I am an e-commerce merchant and my account is used to receive payments instead of pay out.
Did I misunderstand?
steady flax
Connected account is for multiple parties and split payment within them.
If your use case is not multiple parties, then you shouldn't use connected account
If you are just simple e-commerce account and would like to receive payment in different currencies, then there are two ways I can think of:
- Use same HK account and receive other presentment currencies that are supported. The funds will be settle to the country currency that your account belongs to: https://stripe.com/docs/currencies?presentment-currency=HK
- Create a new standalone Europe account and settle in the currency that the country supports if you want to split transactions from HK account
steady flax
No problem! Happy to help 😄 Have a great day to you as well!