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E-commerce vocabulary · Cross-Border Sales

Settlement currency

Meaning in e-commerce, with examples

nounAdvanced term

In e-commerce, settlement currency means: The currency in which a merchant receives funds when a payment is settled.

In Turkish: satıcıya aktarılan ödeme para birimi

How it is used

Compare settlement currency with presentment currency when reconciling international orders; conversion may separate the two amounts.

Example sentences

  1. The provider converted the euro charge into our lira settlement currency.

    The customer and merchant sides of one payment can use different currencies.

  2. We grouped transactions by settlement currency before comparing the bank deposits.

    Reconciliation needs comparable currencies rather than mixed monetary totals.

Common collocations

  • settlement currency account
  • choose a settlement currency
  • settlement currency conversion
  • multi-currencyDescribes a store or system that shows prices and accepts payments in several currencies, so customers can shop in their own money.
  • payment gatewayA service that securely sends a customer's card or other payment details from the online store to the banks and returns whether the payment is approved.

More terms: Cross-Border Sales

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