#Equilibrium
snow osprey
light raft
we don't have a public currency conversion API no
the product answer we have is to use Checkout for this. If not using Checkout, you'd need to build a custom solution based on converting your presentment currency yourself perhaps using a third party rates provider service
faint peak
got it, I just wanted to confirm this point from your end, so we convert the presentment currency before displaying it.. and we also convert it before creating payment intent, right?
light raft
yes, you need to know the amount and currency to use at the time of creating the PaymentIntent
faint peak
Also, what about the points below:
-
since you offer conversion here: https://dashboard.stripe.com/currency_conversion is it possible to point me to the 3rd party API conversion that is used by Stripe internally? if its not 3rd party (it's private ) do you have any Entreprise level API for currency conversion that you can recommend? ( I would really really appreciate that )
-
lets say USD = 0.94 Euro ( official rate from Google & 3rd Party APIs ) how can i estimate the final charge created by Stripe ( including conversion fee? )
light raft
- no, not possible for you to use what we use in the internal API, and no we do not have an official recommendation I'm afraid
- unfortunately you can not really, since you can't know our rate in advance
in the future we might have a better product offering here as it's a common feature request, but for now we built the Checkout option and that is quite new still(only launched a month or so ago), things are evolving
faint peak
is it usually the customer's responsibility to cover the conversion fees? or ours ( aka create payment intent + add fee so the customer handles the conversion.... or we just create payment intent and we don't add fee so we handle the fee in this case )
I believe we read somewhere that we can just convert the currency via 3rd party and add 1% fee ( which is the conversion fee used by Stripe )
Im not sure if its really 1% or i can have a more accurate estimation from your end
faint peak
in the future we might have a better product offering here as it's a common feat...
noted, thank you for pointing that out