#Vikram A.
umbral otter
deft radish
Hi there,
For example, we are seeing the balance shown in DKK on the Stripe dashboard but the available balance for payout is also shown in DKK
this is normal the same currency on both side.
but needs to be converted to USD, and the available balance in the api's
What do you mean by this ? do you have a configured bank account that accepts USD ?
prime sapphire
yes that's the case we have a bank account that accepts USD
deft radish
When creating the connected account did you specify USD as a default currency for that Account ?
https://stripe.com/docs/api/accounts/create#create_account-default_currency
prime sapphire
checking
i think this is where we were lacking
is there a way a connected account person can change it in settings
deft radish
You can update this using API:
https://stripe.com/docs/api/accounts/update#update_account-default_currency
prime sapphire
is it possible via dashboard ??
cursive plaza
I don't believe so
prime sapphire
can we set the default currency to USD irrespective of the account holder country, would in this scenario the stripe would be able to transfer the amount and if it does, then the amount that is transacted does it have some currency rate exchange associated with it
cursive plaza
Sorry, I'm lost. What's the underlying issue you're trying to prevent here?
prime sapphire
the whole set up is in usd and we want to show them the balance in USD as well as the payout in USD currency irrespective of the connected account holder's country
cursive plaza
Well that's not always possible. Account countries can only payout in certain currencies: https://stripe.com/docs/payouts#supported-accounts-and-settlement-currencies
The payout currency is determined by the currency of the external bank account when your connected account(s) add those details