#pkatta-payments-currency
manic coyote
rain vapor
pkatta-payments-currency
You mostly need to handle this logic yourself really
either you let the customer pay $500 and their bank will make the conversion. Or you present to them in € but then you have to calculate what you want that price to be in euros
late fog
Let's say I figure out the amount in Euros. after getting the payment in Euros, Stripe would then convert to my settlement currency of USD. That conversion could be different. How/where does Stripe get that conversion rate from?
rain vapor
we get it from our own partners, there's mostly no way to guarantee any of this
that's why most businesses do custom pricing per currency, they don't just do a real time conversion
late fog
is there any documentation/guides on how to hande this?
rain vapor
no specific documentation no. That's more a business decision
like if you look at Apple and their IAP for example they have their own conversion rate across currencies to sustain changes in currencies/exchange rates based on world events
that's really something you would decide on your own
late fog
Let's say I take the route of the presenting "$500". I am going to state the obvious, but want to confirm...so please bear with me.
When customer enters their credit card, does stripe tell the credit card that we need USD 500? The international credit will give us $500, turn around and bill their customer in their native currency. This is the surest way to ensure we will get $500....correct?
rain vapor
if you ask for $500 we ask the bank for $500 and that's what we get. And the bank then decides what to take in € and whether to charge an extra fee, etc.
so yes you are guaranteed to get $500 in that case, but then the customer is paying bank fees usually and might not want to pay.
that part is more up to you though
late fog
Thanks @rain vapor
late fog
for now, yes