Alternative currencies
Primary and Alternative currency payouts
For businesses with international operations who need to settle and pay out in multiple currencies, Stripe enables payouts in alternative currencies in addition to your accountʼs primary currency.
Examples:
- The primary currency for Stripe accounts in France is EUR. All other currencies fall under alternative currencies.
- The primary currency for Stripe accounts in Hong Kong is HKD. All other currencies fall under alternative currencies.
Alternative currency payouts
At Stripe, a domestic payout is when you pay out to a bank account that’s domiciled in the same country as your Stripe account. You can make domestic payouts using the primary currency for a Stripe account or with an alternative currency. For example, when you pay out in EUR from an account based in France to a France-domiciled bank account, it’s a domestic payout in the primary currency. However, if you make a payout in any other currency to a France-domiciled bank account, it’s a domestic payout but in an alternative currency.
Alternative currency payouts are generally available in select currencies in Hong Kong and Singapore, and is currently in beta in Europe.
We are also serving a limited number of businesses in Australia with USD and NZD payouts. If you’d like to request an invitation to participate, please contact us.
If your account is based in a different country that’s not currently eligible for alternative currency payouts, you can contact us for more information.
Setting up your bank account for alternative currency payouts
To enable alternative currency payouts, configure the payout bank account in your Dashboard. When you add a bank account with a currency, it enables that currency as a settlement currency. Removing the bank account disables settlement in that currency. Additionally, you can enable or disable currency settlement on the currency settlement page in your Dashboard. This feature is currently only available for direct users. If you’re a platform user and want to enable your connected accounts to pay out in currencies non-local to their country, contact us.