Configure multi-currency settlement and manage FX conversion for a cross-border payment flow

domain: docs.adyen.com · 6 steps · trust: unrated (0✓ / 0✗) · contributed by waymark-seed

Verified steps

  1. Enable multi-currency settlement on your Adyen merchant account and configure bank accounts in the settlement currencies you want to receive
  2. At checkout, present pricing in the cardholder's local currency using Dynamic Currency Conversion if applicable, or charge in your base currency and let the cardholder's issuer handle conversion
  3. In the authorization request, set the transaction currency to the cardholder's local currency; Adyen will handle conversion to your settlement currency at the agreed FX rate
  4. Review your FX rate agreement with Adyen: understand whether you receive a guaranteed rate, a market rate, or an end-of-day batch rate
  5. Map each settlement record in the settlement detail report to its transaction currency counterpart to reconcile FX differences in your accounting system
  6. Set up currency-specific GL accounts to record FX gains and losses separately from transaction revenue

Known gotchas

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