Presentment Currency

Presentment currency refers to the form of money the customer is charged in. This is the currency the customer sees on product pages and checkout forms, or on in-store signage.

Multi-currency payment processing allows shoppers to choose which currency they are most comfortable seeing. The order can be purchased using the presentment currency, avoiding the need to calculate conversion rates at the checkout.

If settlement currency differs from the presentment currency, a currency conversion will take place. Businesses can opt to be paid using the presentment currency, something called “like-for-like” settlement. In most instances, however, retails use a settlement currency – typically whatever the business receives payouts for normal day-to-you operations.