FX
With Payaut merchants are able to receive funds in the settlement currency, and payout in a preferred currency for their commission and the seller.
Depending on the settlement currencies, sellers will hold multiple funds in their virtual account.
How to request a FX payout?
Scheduler When the payout scheduler is configured, Payaut will use the SELECTED external account as the bank account currency to payout to. When the currencies that are held on the virtual account are different, Payaut will auto convert these currencies to the payout currency.
Manual payout request When creating a payout request, you need to specify the from currency (the currency in the virtual account) and the to currency (the currency you want to payout to). When the seller has multiple currencies on file, you will need to create multiple payout requests.
FX fees
Payout will charge the FX fees as per the agreement monthly to the merchant. If you wish to charge the seller for FX fees, please use balance transfers to move funds from the seller to your commission account.