Localization needs
Cross-border merchants often add local payment methods and display prices in local currencies.
Compliance
Sanctions screening, tax reporting, and licensing rules vary by corridor.
Sources
FAQ
Not always, but FX commonly appears when checkout and settlement currencies differ.
Related terms
Explore related definitions
Foreign Exchange Spread
Foreign exchange spread is the markup between the market reference rate and the rate applied to a merchant or payer during currency conversion, often combined with explicit FX fees in cross-border payments.
Payment Orchestration
Payment orchestration is the practice of routing each transaction through the optimal acquirer, method, or gateway path based on rules such as cost, authorization rate, geography, and redundancy requirements.
Address Verification Service (AVS)
Address Verification Service (AVS) compares the billing address submitted at checkout with the address on file at the card issuer to flag mismatches that may indicate fraud.
PCI DSS
PCI DSS is the Payment Card Industry Data Security Standard—a set of security controls merchants and service providers must follow when storing, processing, or transmitting cardholder data.
Card Verification Value (CVV)
Card Verification Value (CVV) is the three- or four-digit security code printed on a payment card, used to verify that the customer likely possesses the physical or virtual card during checkout.
Chargeback
A chargeback is a forced reversal of a card transaction initiated by the cardholder through their issuer, usually citing fraud, non-delivery, or billing disputes, and debited from the merchant through the acquirer.
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Cross-border payment infrastructure
Collect and settle across currencies with compliance-ready pay-in and payout rails.
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