The amount deducted from your merchant balance depends on the current rate and this amount might be more or less than the original payment. Exchange rates fluctuate with the market, so the rate used during the payment often differs from the rate used when a dispute or refund occurs. If a currency-converted payment is disputed or refunded, the amount you received is converted back to the presentment currency at the current exchange rate. Note that the estimation page shows the baseline exchange rate and excludes the Stripe fees for currency conversion which is incremental to this rate. You can also see the actual exchange rate applied in a transaction through the API or in your Dashboard. You can check the current rate for currency conversions on Stripe using our estimation page. If we do so, we’ll provide additional notice to you.
Rarely, Stripe may take other actions to mitigate risk. Stripe does so to mitigate exchange rate risk to you and to Stripe. For example, this can happen if a new exchange rate is mandated by a government or if there is a large discrepancy in rates between our service providers. In certain circumstances, Stripe might apply the rate at which we source the currency owed to you. Currency conversion on Stripe is subject to fees as detailed on our pricing page. Mid-market rate is the average between the buy and the sell price of a currency. When Stripe provides currency conversion services for transactions, Stripe generally applies the mid-market rate based on pricing data sourced from third-party service providers.
#Currency converter pound to pkr how to#
Learn more about how to present local currencies.
Checkout and Payment Links automatically convert this price to an international customer’s local currency based on their location.
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