Define settlement currency.

Define settlement currency.

• A. The currency used for customers to pay with
• B. The currency that Stripe settles to the bank account
• C. The currency used for refunds
• D. The base currency

Answer: (B)

Settlement currency is the currency Stripe uses when sending payouts to your bank account. It determines the actual currency that appears on your bank deposits, regardless of what currency customers paid in. Stripe handles any necessary conversion at payout so your bank receives funds in the settlement currency. For example, if your bank account is in USD and you collect payments in EUR, Stripe will convert those funds and deposit USD to your bank. The settlement currency is separate from the currencies used for customers’ payments or refunds, and from any base currency you might have set for your account.

Settlement currency is the currency Stripe uses when sending payouts to your bank account. It determines the actual currency that appears on your bank deposits, regardless of what currency customers paid in. Stripe handles any necessary conversion at payout so your bank receives funds in the settlement currency. For example, if your bank account is in USD and you collect payments in EUR, Stripe will convert those funds and deposit USD to your bank. The settlement currency is separate from the currencies used for customers’ payments or refunds, and from any base currency you might have set for your account.