patters-magento2 | Stripe Developers | Page 1

uncut ridge Dec 1, 2021, 8:55 PM

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hello, Stripe does auto-currency conversion, to whatever the "default currency" is in your Stripe acct.

So both USD and CAD payments settle as USD payments in your account

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you could set up 2 Stripe accounts, one in US and one in CA for separate settlement

static quest Dec 1, 2021, 8:58 PM

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Thx for the rply Hmunoz! Hmm, that hasn't been my experience to-date (4 years) needing separate accounts. But that may be true for Magento integration...

uncut ridge Dec 1, 2021, 9:25 PM

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why wouldn't you need separate Stripe accounts?
didn't you yourself mention earlier?

see/acknowledge USD versus CAD and send the currency to my correct account?

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like you can only settle balances in one currency afaik

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per acct

static quest Dec 1, 2021, 9:41 PM

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My current integration (non-Magento) handles the currency automatically. If someone pays in USD it routes to my USD acct. If someone pays in CAD, routes to CAD. I was hoping the Magento would be same...

uncut ridge Dec 1, 2021, 9:55 PM

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don't you have 2 Stripe accounts for that?

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sorry if I'm being nitpicky

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but when you say

If someone pays in USD it routes to my USD acct. If someone pays in CAD, routes to CAD.
that is two accounts no?

static quest Dec 1, 2021, 10:10 PM

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it's one stripe account. 2 bank accounts (obvs)

bitter glacier Dec 1, 2021, 10:17 PM

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Hello! So I think the confusion here is what "account" means. It's not uncommon for merchants to have multiple Stripe accounts in multiple countries, but it sounds like you have a single Stripe account with two bank accounts, one for USD and one for CAD. In that case payments in USD will automatically settle in your USD bank account and CAD payments will automatically settle in your CAD bank account.

static quest Dec 1, 2021, 10:41 PM

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Exactly what Rubeus said ^^ yay! Now here's another kicker. There will be 2 separate Magento 2 websites. One will be ALL in CAD, the second ALL in USD. Do I need 2 different Stripe accounts or can one account / plug in handle it all?

bitter glacier Dec 1, 2021, 10:44 PM

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It should work as long as Magento itself does not prevent it. I don't know much about how Magento works, but Stripe itself won't have an issue.

static quest Dec 1, 2021, 10:57 PM

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You rock, thx all for the help...

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