Multi-currency settlement for Connect platforms and marketplaces

Offer your connected accounts the ability to accept, settle and pay out funds in multiple currencies.

Available in:

Multi-currency settlement allows your connected accounts to maintain balances and make payouts in currencies other than their primary currency. Connected accounts can hold and payout funds in up to 18 supported currencies needed to pay suppliers, process refunds, and so on, without having to convert funds.

Enable multi-currency settlement

Enable multi-currency settlement for your connected accounts in the Connect payouts settings page of the Dashboard. Your account must be in a supported region to access these settings.

After you enable multi-currency settlement, your users can access all currencies that are supported in their region.

Note

Connected accounts must be in the same region as your platform to use multi-currency settlement. For example, both you and your connected account could be in Australia, or, if you’re in Europe, your connected account could be in any European country.

If you no longer want your connected accounts to use multi-currency settlement:

Disable it with the same settings in the Dashboard to prevent connected accounts from beginning to use it. This doesn’t disable it for connected accounts that are already using multi-currency settlement.
Remove any multi-currency external accounts using the Delete external bank accounts API to disable multi-currency settlement for connected accounts already using it.

Add external accounts

After you enable multi-currency settlement, your connected accounts can start using it by adding a new settlement currency external account.

Your connected account can add an external account anywhere they can update their payout methods, including Dashboard and Onboarding interfaces. See Connect account types to learn which interfaces are available for your connected account. For instance, if your connected account has access to the Express Dashboard, you can send them a Login Link to update their payout methods.

After your connected account has an external account in a non-primary currency, charges presented in that currency accrue towards that currency’s balance. Your connected accounts can pay out their multi-currency balances in the same way as a primary currency balance. However, some supported currencies are subject to a payout minimum and fee, as described in the following section.

To learn more about processing charges in multiple currencies with Connect, see Working with multiple currencies.

Pricing

When funds settle to your connected account in a currency other than the primary currency of your Stripe account country, Stripe applies processing fees in that currency.

Stripe charges a 1% (or minimum) payout fee for multi-currency settlement depending on the combination of currency and bank account country. In your Dashboard and reporting, this fee might appear as an alternative currency payout fee. See our full list of fees.

For connected accounts where your platform pays Stripe fees, Stripe deducts your connected accounts’ multi-currency settlement fees from your platform balance in the non-primary currency. For example, if your connected account pays out funds in USD, we charge the fee to your platform balance in USD when possible. If your platform account doesn’t support the currency, Stripe converts the fee to your default currency and deducts it from your primary currency’s balance. See conversion on Stripe fees for more details.

If your connected account pays their own fees, Stripe deducts the multi-currency settlement fee from the connected account’s balance instead. See Fee behaviour on connected accounts for more info.

Request early access

Use the following form to request updates on preview features as we expand multi-currency settlement features and regional support.