What happens when balances from multiple currencies are paid out?

Master the Stripe Fundamentals Exam with engaging flashcards and multiple choice questions. Each quiz question includes detailed explanations to enhance your understanding. Prepare effectively and ace your exam!

Multiple Choice

What happens when balances from multiple currencies are paid out?

Explanation:
When you have balances in multiple currencies, Stripe treats each currency separately for payouts. It sends the funds in that currency directly to the connected account, so you don’t have to convert everything to a single base currency just to payout. This means you avoid exchange fees on those payouts because the money stays in its original currency rather than being swapped during the payout flow. Payouts occur per currency as funds are available, rather than waiting to consolidate everything into one currency.

When you have balances in multiple currencies, Stripe treats each currency separately for payouts. It sends the funds in that currency directly to the connected account, so you don’t have to convert everything to a single base currency just to payout. This means you avoid exchange fees on those payouts because the money stays in its original currency rather than being swapped during the payout flow. Payouts occur per currency as funds are available, rather than waiting to consolidate everything into one currency.

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