Currency

Currency presentment refer to the process of exchanging one currency for another.

Currency affects two aspects of Lipila payments:

• The customer’s payment method currency, such as their credit card or bank account, The currency of the charge, called the presentment currency.

• The currency accepted by your destination bank account or debit card, called the settlement currency

If the charge currency differs from the customer’s payment currency, their bank or card issuer might charge the customer a foreign exchange fee. The bank or card issuer might also charge the customer if the payment method and your business are in different countries, regardless of the currency used.

If the charge currency differs from your settlement currency, Lipila converts the charge to your settlement currency, with multiple options for presenting, converting, and charging customers in different currencies.

Supported Currencies

Lipila users can process charges in the following list of currencies:

• ZMW
• USD