What is the currency determined for separate charges and transfers using on behalf of?

What is the currency determined for separate charges and transfers using on behalf of?

• A. Country of the connected account
• B. Country of the platform account
• C. Country of the customer
• D. Country of the processor

Answer: (A)

When you charge using on behalf of a connected account, the currency for the charge and the subsequent transfer is determined by the connected account’s country. In this flow, the connected account is the recipient and its local currency sets the basis for how funds are settled and reported. So, even if the platform or the customer uses a different currency, the authoritative currency for these charges and transfers is the connected account’s currency. If you need billing in another currency, Stripe can handle conversion, but the baseline currency comes from the connected account’s country.

When you charge using on behalf of a connected account, the currency for the charge and the subsequent transfer is determined by the connected account’s country. In this flow, the connected account is the recipient and its local currency sets the basis for how funds are settled and reported. So, even if the platform or the customer uses a different currency, the authoritative currency for these charges and transfers is the connected account’s currency. If you need billing in another currency, Stripe can handle conversion, but the baseline currency comes from the connected account’s country.