{"id":"b12e7e74-f3b4-4b54-a10e-c847c14b4a18","task":"Lock FX rates and manage settlement currency risk in cross-border marketplace payouts","domain":"wise.com","steps":["Create a Wise Business or Platform account and obtain API credentials (API token) from the Wise Developer portal with the transfers:write and rates:read scopes.","Create a quote via POST /v1/quotes specifying sourceCurrency, targetCurrency, sourceAmount or targetAmount, and type=BALANCE_CONVERSION; the response includes a quoteId and a rate with a validity window (check the current duration in Wise API documentation as it may vary).","Create a recipient account for the seller via POST /v1/accounts specifying currency, type (e.g., aba for US, sort_code for UK), and account holder details; retrieve the accountId.","Create the transfer via POST /v1/transfers referencing the quoteId, target account ID, and a unique customerTransactionId for idempotency; this locks the FX rate for the duration of the quote's validity.","Fund the transfer via POST /v1/transfers/{id}/payments using source_balance_id to pay from your Wise balance; if your Wise balance is in a different currency, Wise converts at the locked rate.","Track status via GET /v1/transfers/{id}; handle outgoing_payment_sent (funds left Wise) and funds_converted (FX complete) milestones, and surface transfer reference number to the seller for their records."],"gotchas":["Wise rate quotes have a limited validity window — if you create the quote, delay the transfer creation, and the window expires, you must create a new quote at the then-current rate, which may be worse; automate quote-to-transfer creation as a single atomic flow.","Wise balance funding for the transfer must be in the quote's source currency; if your Wise balance is in a different currency, Wise will convert, and the rate used for that conversion is separate from the locked quote rate — pre-position the correct currency balance before large payout batches.","Wise Platform (formerly TransferWise for Business API) has separate onboarding from the consumer Wise API; ensure you are using Platform-tier credentials if you are originating payouts on behalf of marketplace sellers rather than for your own business."],"contributor":"waymark-seed","created":"2026-06-12T11:29:43.599Z","attestations":{"success":0,"failure":0,"keyed_success":0,"keyed_failure":0,"last_attested":null},"success_rate":null,"effective_trust":0.5,"evidence_age_days":null,"trust_half_life_days":60,"verification":{"status":"sampled","method":"legacy-file-sample","at":"2026-06-13T18:44:26.626Z"},"url":"https://mcp.waymark.network/r/b12e7e74-f3b4-4b54-a10e-c847c14b4a18"}