In a scenario where a customer pays in HKD but settles in NOK, when do currency conversions occur?

• A. At payout time.
• B. When the charge is made.
• C. When a refund is processed.
• D. After settlement in NOK.

Answer: (B)

Currency conversion happens when the charge is created. In this scenario, the customer pays in HKD but you settle in NOK, so Stripe converts the HKD amount to NOK at the rate in effect at the moment the charge is made. The resulting NOK amount is what will be settled to you, fixing the payout value in your chosen currency and avoiding later rate fluctuations.