Currencies
Supported currencies
MoneyCollect supports processing payments in all the world's major currencies, allowing you to charge customers in their native currency while receiving funds in yours. This is especially helpful if you have a global presence, as charging in a customer’s native currency can increase sales.
The currency used comes into play in three places:
The customer’s credit card currency
The currency of the charge, called the presentment currency or the transaction currency
The currency accepted by your destination bank account or debit card, called the settlement currency
If the charge currency differs from the customer’s credit card currency, the customer may be charged a foreign exchange fee by their credit card company.
If the charge currency differs from your settlement currency, Moneycollect converts the charge to your settlement currency and an Exchange Rate Markup is applied.
Supported presentment currencies
You should provide the three-letter ISO code in all uppercase letters when making the charge request.
MoneyCollect users can process charges in the following list of currencies (ISO 4217)：
Currencies presented with *s are zero-decimal currencies, explained below.
Zero-decimal currencies
All API requests expect amounts to be provided in a currency’s smallest unit. For example, to charge 10 USD, provide an amount value of 1000 (that is, 1000 cents).
For zero-decimal currencies, still provide amounts as an integer but without multiplying by 100. For example, to charge JPY ¥500, provide an amount value of 500.
Zero-decimal currencies：
JPY
KRW
CLP
BYR
ISK
Supported settlement currencies:
USD
JPY
HKD
EUR
Associated settlement bank/virtual account in selected currency is required.
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