{"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":"5f3ea97821c96c04e08b2e58","category":{"sync":{"isSync":false,"url":""},"pages":[],"title":"Quickstart","slug":"welcome","order":0,"from_sync":false,"reference":false,"_id":"5f3ea97821c96c04e08b2e4c","version":"5f3ea97821c96c04e08b2ea6","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":"3.35 Release","is_stable":true,"is_beta":false,"is_hidden":false,"is_deprecated":false,"categories":["5f3ea97821c96c04e08b2e4c","5f3ea97821c96c04e08b2e4d","5f3ea97821c96c04e08b2e4e","5f3ea97821c96c04e08b2e4f","5f3ea97821c96c04e08b2e50","5f3ea97821c96c04e08b2e51","5beb278ac442ab0213f00990","5f3ea97821c96c04e08b2e52","5c3f542c12c4ac004bc51718","5f3ea97821c96c04e08b2e53","5df806ccecebde0059f17225","5dfa8a8f340c2b007418eb8a","5f3ea97821c96c04e08b2e54","5e597199fd2b0200117c2c1c"],"_id":"5f3ea97821c96c04e08b2ea6","project":"57336fd5a6a9c40e00e13a0b","__v":0,"forked_from":"5ed00a7701fdb400214da2b6","createdAt":"2018-04-23T14:36:48.535Z","releaseDate":"2018-04-23T14:36:48.535Z"},"createdAt":"2017-03-02T20:12:59.974Z","githubsync":"","__v":0}

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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.

  1. 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.
  2. 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.