What determines the currency for Separate Charges and Transfers?

The determination of the currency for Separate Charges and Transfers is primarily influenced by the country of the Connected Account. Each connected account set up on a payment platform like Stripe is associated with a specific country, and the currency options available for that account are generally tied to that country's supported currencies.

When transferring funds or charging customers, the platform must ensure that the transaction aligns with the local regulations and practices, which is based on the location associated with the connected account. Since the currency selection is intended to simplify transaction processing for users in that locale, the country's regulations, banking infrastructure, and the currencies commonly used there play a crucial role in defining what currency can be utilized.

In contrast, while the customer's location may influence certain aspects like pricing or tax calculations, it does not directly determine the currency for transfers. Similarly, the country of the platform account is relevant for overall operations and fee structures but not for individual connected accounts' currency choices. Lastly, the currency of previous transactions isn't a determining factor for future transactions; each connected account operates within its own currency parameters. Thus, focusing on the specifics of the connected account's country is key to understanding how currency is determined in this context.