Commerce Glossary

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What is Billing Currency?

bill - ing cur - ren - cy
noun
Is the currency in which a transaction takes place. Multi-currency payment processing allows merchants to not only display prices in several currencies, but also to bill clients in their local currency. This ensures price consistency, especially for recurring billing, and avoids customer complaints due to poor exchange rates or simply from not recognizing the charge in a foreign currency. A prerequisite for success in this area is working with a provider that can handle multi-currency payment processing and for the chosen payment methods to support the billing currencies in the target markets.

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