#mikelanza
jovial dove
gloomy sage
Hmmm, as far as I know, Stripe converts the presentment currency for you, so the issuing bank would just see a charge in the native currency
Does that answer your questions?
potent patrol
Your answer still leaves me with questions. You say, "Stripe converts the presentment currency for you." When does it do this? My company has a US bank account for credit card payments. Are you saying that Stripe converts from Rupees to Dollars, in my hypothetical example, before sending the charge to the customer's credit card issuer? Or, are you saying that it sends the charge to the issuer in Rupees, collects payment in Rupees, and converts those to US Dollars after payment is posted by the credit card issuer?
The latter is preferable for me, because, in that case, an American issuer is likely to raise a red flag when it sees its customer, who resides in the US, trying to make a charge in Rupees.
solar cedar
👋 stepping in
Yep the latter
If you present in Rupees then that is what the end-customer sees and what they pay. Then in Stripe we convert to your settlement currency
potent patrol
Thanks, @solar cedar . In your experience or judgement, do you think that this will cause the VPN subterfuge strategy to fail for a significant percentage of non-Indian customers?
solar cedar
To clarify, you are wondering whether charges will fail for non-India card holders if you present in Rupee?
potent patrol
Yes
I'm presuming that some sort of fraud prevention flag will be raised if a holder of an American credit card, who's been making purchases in the US in Dollars, suddenly tries to make a purchase in Rupees.
potent patrol
Yes, I know this is not a Stripe issue per se. However, it's a big deal if we can price discriminate to various countries using your local currency feature. I was asking you to guess, given what you know about fraud prevention mechanisms at card issuers. I was guessing you have some knowledge of that.