{"metadata":{"image":[],"title":"","description":""},"api":{"url":"","auth":"required","results":{"codes":[]},"settings":"","params":[]},"next":{"description":"","pages":[]},"title":"FX Conversion","type":"basic","slug":"fx-conversion","excerpt":"","body":"If you plan to support multiple currencies for your shoppers, you should consider the foreign exchange (FX) rate/currency conversion impact to your business.\n\n###Currency Conversion and Payout\nFor [payout](https://support.bluesnap.com/docs/payout-method), BlueSnap takes into account all transactions and applies the following FX/currency conversion logic: \n\n * If you are paid out in the same currency as the sale, no FX/currency conversion occurs.\n * If you are paid out in multiple currencies and a sale occurs in one of those currencies, there is no FX conversion.\n * If you are not being paid in the same currency as the sale, we automatically convert those funds to your default payout currency, therefore an FX/currency conversion applies.\n\n###Understanding Your Options\nTo manage the impact of currency conversion on your business, you have two options. \n1. Perform a currency conversion from a provider of your choosing and use these rates to properly price the items you are selling on your site. \n2. Use the BlueSnap [currency converter](/v8976-Tools/docs/convert-currency) to obtain the rates we use and apply any currency impacts to the items you’re selling. \n<br />\n[block:callout]\n{\n \"type\": \"success\",\n \"title\": \"Avoid FX rate discrepancies\",\n \"body\": \"We recommend option 2 so you don’t have any discrepancies between the FX rates used for your sales and the FX rates BlueSnap used to convert the sales to your payout base currency.\"\n}\n[/block]","updates":[],"order":3,"isReference":false,"hidden":false,"sync_unique":"","link_url":"","link_external":false,"_id":"60395ab7a718f3001f2963bc","category":{"sync":{"isSync":false,"url":""},"pages":[],"title":"Quickstart","slug":"welcome","order":0,"from_sync":false,"reference":false,"_id":"60395ab7a718f3001f2963b0","version":"60395ab7a718f3001f29640f","project":"57336fd5a6a9c40e00e13a0b","createdAt":"2015-10-01T16:04:11.135Z","__v":0},"user":"560d5913af97231900938124","parentDoc":null,"project":"57336fd5a6a9c40e00e13a0b","version":{"version":"8976-Basics","version_clean":"8976.0.0-Basics","codename":"3.37 Release","is_stable":true,"is_beta":false,"is_hidden":false,"is_deprecated":false,"categories":["60395ab7a718f3001f2963b0","60395ab7a718f3001f2963b1","60395ab7a718f3001f2963b2","60395ab7a718f3001f2963b3","60395ab7a718f3001f2963b4","60395ab7a718f3001f2963b5","5beb278ac442ab0213f00990","60395ab7a718f3001f2963b6","5c3f542c12c4ac004bc51718","60395ab7a718f3001f2963b7","5df806ccecebde0059f17225","5dfa8a8f340c2b007418eb8a","60395ab7a718f3001f2963b8","5e597199fd2b0200117c2c1c"],"_id":"60395ab7a718f3001f29640f","project":"57336fd5a6a9c40e00e13a0b","__v":0,"forked_from":"6019bb1dca2af3001edad64a","createdAt":"2018-04-23T14:36:48.535Z","releaseDate":"2018-04-23T14:36:48.535Z"},"createdAt":"2017-03-02T20:12:59.974Z","githubsync":"","__v":0}
FX Conversion
If you plan to support multiple currencies for your shoppers, you should consider the foreign exchange (FX) rate/currency conversion impact to your business.
Currency Conversion and Payout
For payout, BlueSnap takes into account all transactions and applies the following FX/currency conversion logic:
- If you are paid out in the same currency as the sale, no FX/currency conversion occurs.
- If you are paid out in multiple currencies and a sale occurs in one of those currencies, there is no FX conversion.
- If you are not being paid in the same currency as the sale, we automatically convert those funds to your default payout currency, therefore an FX/currency conversion applies.
Understanding Your Options
To manage the impact of currency conversion on your business, you have two options.
- Perform a currency conversion from a provider of your choosing and use these rates to properly price the items you are selling on your site.
- Use the BlueSnap currency converter to obtain the rates we use and apply any currency impacts to the items you’re selling.
Avoid FX rate discrepancies
We recommend option 2 so you don’t have any discrepancies between the FX rates used for your sales and the FX rates BlueSnap used to convert the sales to your payout base currency.