What is the term used to describe the currency in which a customer pays for goods?

The term "presentment currency" refers to the currency in which a customer makes a payment for goods or services. It's the currency that is initially used during the transaction and is essential for determining the amount charged to the customer. Presentment currency is crucial for accurate pricing and for ensuring customers are billed in the currency they expect when they are purchasing.

Identifying the correct presentment currency is particularly important in international transactions, where customers may be using a different currency than the merchant's settlement currency. Accurate conversion and understanding of the presentment currency can help prevent issues related to pricing discrepancies and customer satisfaction regarding billing.

The other terms, while related to financial transactions, refer to different aspects. Settlement currency relates to the currency used for the final settlement of funds after a transaction has occurred. Reconciliation currency is often involved in the process of comparing and verifying financial records. Transaction currency usually refers to the currency used during any transaction but is often less specific than presentment currency in that context.