#mitsu_api
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- mitsu_code, 17 hours ago, 46 messages
rain ledge
I have added a lot of EUR, but I don’t see any EUR in my balance. How can I transfer EUR now?
wise elmBOT
ebon tartan
Hi @rain ledge when creating a transfer, you can only specify the currency where you have sufficient balance (i.e., jpy), and Striep will automatically convert to the settlement currency (i.e., eur) of the destination account
rain ledge
In my Taku system, buyers check out in EUR, so when the platform transfers money to the seller, it is also in EUR
My platform is in Japan (JP).
How can I transfer EUR to the seller?
ebon tartan
Unfortunately JP isn't one of the countries that support multi-currency settlement (https://docs.stripe.com/payouts/multicurrency-settlement) , so the EUR payments will be converted to JPY in your balance https://docs.stripe.com/currencies#:~:text=If the charge currency differs from your settlement currency%2C Stripe converts the charge to your settlement currency%2C
For example. https://dashboard.stripe.com/acct_1MgeedKSVjwCWErT/test/payments/pi_3SVkUNKSVjwCWErT0nPAAxXv was paid in EUR, and it's then converted to JPY and arrive in your balance.
rain ledge
So does that mean a JP platform can’t transfer EUR, and has to convert EUR to JPY first and then call the transfers.create API, right?
Is there any way to automatically convert EUR to JPY?
ebon tartan
Yes you are right, and it's automatically conveted, if you take a look at the example that I shared earlier
rain ledge
In the example you mentioned, where at checkout Stripe automatically converts to JPY, that’s correct, I understand.
So if I want to call transfers.create for 100 EUR, what formula should I use to convert it to JPY to send to the transfers.create API?
ebon tartan
Ok, you can use the FX Quote API to calculate the exact JPY amount equivalent to 100 EUR https://docs.stripe.com/payments/currencies/localize-prices/fx-quotes-api?locale=en-GB
wise elmBOT
rain ledge
When I create a Checkout Session for 99.95 USD, it succeeds, but the amount is automatically converted to JPY.
Does the money not get added to my USD balance?
How can I stop it from being automatically converted to JPY?
https://dashboard.stripe.com/acct_1MgeedKSVjwCWErT/test/payments/pi_3SVlSaKSVjwCWErT1JaPo9Sh
In the balance, how can I convert JPY to USD?
keen geode