Help Center

What's the difference between invoice/billing currency, checkout/payment currency and settlement currency?

Invoice or Billing Currency

The invoice/billing currency, aka. “Shop currency” is the currency the merchant denominates his or her products in, e.g. EUR, USD or any other supported fiat- or cryptocurrency. This is the payment currency displayed to the user on checkout pages and invoices.

Checkout Payment Currency

The checkout payment currency is the currency that your customer decides to pay with, e.g. BTC, ETH, LTC, XLM, or any asset on the Stellar Network (such as USDC).

Settlement Currency

The currency you are credited in when a payment completes. COINQVEST automatically converts inbound payments into your preferred currency, e.g. USD. You can also choose to keep the Checkout Payment Currency as the Settlement Currency without conversion.

Last Update: Apr 21, 2022

Payments
© COINQVEST LLC 2018-2022 · Terms of Service · Privacy Policy · KYC/AML Policy · Anti-Fraud Policy · Data Processing · License COINQVEST LLC (Company Number 0000970546) is a limited liability company incorporated at 54 Jedności Street, 65-018 Zielona Góra, Poland. COINQVEST LLC reports to the General Inspector of Financial Information and is authorized by the Polish Ministry of Finance to provide virtual currency exchange and custody services under Virtual Asset Service Provider number RDWW-311. Licensed and Regulated in the EU © COINQVEST LLC 2018-2022 · Terms of Service · Privacy Policy · KYC/AML Policy · Anti-Fraud Policy · Data Processing · License
Space cat likes space and he surfs on a space ship.