Settlement
Settlement currency
The currency in which an acquirer pays a merchant, potentially different from the transaction currency and requiring FX conversion.
Related terms
Settlement
The transfer of funds from the acquirer to the merchant's bank account, net of fees and reserves.
FX (foreign exchange)
Currency conversion applied to a cross-currency transaction, by the merchant, acquirer, or cardholder's bank.
Multi-currency acquiring
Accepting and settling in multiple currencies via local acquiring or MCP, avoiding cross-border and FX fees on presented-currency transactions.
Related guides.
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