What determines the currency for Direct Charges?

The currency for Direct Charges is determined by the country of the Connected Account. Each Connected Account is associated with a specific country, which dictates the currencies that can be used for transactions. This means that the type of currency available for processing payments is influenced by the legal and financial frameworks established in that country, as well as the banking systems in place.

When creating a Connected Account on Stripe, the geographic location provides essential context for understanding the currency options that are compliant with local regulations. Consequently, the platform will automatically use the primary currency allowed for that particular account, aligning with their regional practices and financial institutions. Understanding this aspect is crucial for businesses that operate internationally, as it helps in planning pricing strategies and ensuring that payment processes are smooth and effective across different markets.