What exchange rate is used to convert foreign currency charges?

Pin Payments supports processing charges in a number of foreign currencies, allowing you to sell to customers in their local currency.

Before the proceeds of a foreign currency charge you process can be transferred to your bank account, we convert the funds into your local currency. As currency exchange rates are constantly changing, it's not possible to know what the rate you'll pay is in advance.

We convert funds with a small adjustment above the interbank rate, which is published online at a number of websites such as OFX. The adjustment we apply is displayed on our Pricing page as a Conversion fee.