Can my local currency be converted to foreign currencies?
Transactpay does not handle currency conversion for international payments. The customer's bank is responsible for converting their currency and settling us the exact amount and currency you set. This means that we can guarantee you will receive the exact amount you charged minus our transaction fees.
For instance, if you are expecting NGN50 from a customer in Spain, their bank will deduct the equivalent of NGN 50 from their account and settle that exact amount. We will deduct our fees for international payments and settle the rest.