Three currencies, and the difference matters.
Present in the customer's currency, process on a route that supports it, and settle in the currency you account in. Each step is visible at transaction level so reconciliation holds across markets.
Transaction, processing and settlement currency are not the same thing
The transaction currency is what the customer sees and agrees to pay. The processing currency is what the acquiring route actually authorises in. The settlement currency is what lands in your account. In a domestic payment all three are usually identical; in a cross-border payment they frequently are not, and every conversion between them is a line item that finance has to be able to see.
From request to reconciled
Present
The customer sees the price in their own currency, formatted the way their market expects, and agrees to that amount.
Process
The transaction is routed to an acquiring route that supports that currency, so authorization happens in the currency presented where possible.
Convert
Where processing and settlement currencies differ, conversion is applied and recorded as its own visible step.
Settle
Funds settle in your configured settlement currency, with the conversion shown as a separate line on the statement.
Report
Every transaction shows all applicable currencies and amounts, so reconciliation holds across markets.
What multi-currency covers
Multiple transaction currencies
Accept payment in the currencies your customers actually hold.
Settlement currency configuration
Configure which currencies you settle in, per account and where supported per route.
Currency conversion
Where supported, conversion between processing and settlement currency, applied and recorded explicitly.
Cross-border payments
Handling for payments where the customer, the route and your settlement account are in different markets.
Multi-market businesses
Several markets, several currencies and several settlement arrangements running in one account structure.
Currency reporting
Volume, approval rate and cost broken out by currency, which often reveals a corridor worth a domestic route.
Transaction-level currency visibility
Every transaction shows transaction, processing and settlement amounts rather than a single figure.
Reconciliation across currencies
Multi-currency settlements reconcile to transaction level with the conversion step visible.
Why teams choose it
- Better conversion at checkout. Customers complete more often when the price is in their own currency.
- Clean books. Three currencies, visible at transaction level, means reconciliation does not break at the border.
- Corridor visibility. Reporting by currency shows where volume justifies a domestic acquiring route.
How you connect
- Specify the transaction currency on payment creation.
- Settlement currency is account configuration, not per-request.
- All three currency amounts are exposed on the payment record, in exports and in the API.
What you can accept
- Cards
- Wallets
- Bank methods where the rail supports the currency
Availability depends on merchant category, jurisdiction, underwriting and the applicable payment or acquiring partner.
How it is controlled
- Conversion steps are recorded explicitly against each transaction.
- Rates applied are recorded at the time of the transaction for audit.
- Settlement accounts are operated by licensed partners under their own authorisations.
Flowa Pay provides the payment technology and orchestration layer. Acquiring, scheme settlement and regulated payment services are provided by licensed acquiring and payment partners under their own authorisations.
Common questions
Transaction currency is what the customer pays in. Processing currency is what the acquiring route authorises in. Settlement currency is what lands in your bank account. They are often identical domestically and often different cross-border.
Settlement currencies are configured per account and depend on your route and the partner. They are confirmed during onboarding.
Yes. Conversion appears as its own line on the settlement statement and at transaction level, with the rate applied recorded at the time.
Not necessarily. Multi-market businesses commonly run one account structure with several currencies and settlement arrangements.
Ready to put multi-currency to work?
Talk to our team about your corridors, your volumes and the routes that fit your business.