Legacy RaiseDonors supports multiple currencies depending on the gateway you are configured to use.
Settlements
If your merchant settles in $USD and a donor gives a donation using a credit card from a country outside of the USA, Legacy RaiseDonors is not involved in the settlement of the donation amount and currency conversion fees. The variables that impact how the settlement amount is calculated are controlled by the merchant, not Legacy RaiseDonors.
For example, if a donor with a credit card from France gives a $50 donation in US Dollars the following steps occur:
1. Legacy RaiseDonors will send $50 to the gateway along with the credit card number.
2. The gateway will identify that the credit card is from France and, thus, paying in Euros.
3. The final amount settled into your bank account will vary depending on the currency conversion fees, exchange rates, and the type of credit card being used.
If your organization has a need to deposit donations in a currency other than $USD, this is possible. Meaning, you want to collect $GBP - so if someone from the UK were to give a donation of $50 GBP, there would be no currency conversion fees and your bank account would receive $50 GBP.
Each gateway can support differing FIAT currencies. Below is a list of the currencies which can be deposited into your bank for each gateway.
Note, each gateway will have their own rules and regulations to setup a merchant account to accept foreign currencies. Typically they require you to have a legal presence, with a business ID and bank account in the country you are requesting to accept currencies for.
Virtuous Payments
- United States
- USD
Authorize.net
- United States & Canada
- USD, CAD
- United Kingdom & Europe
- CHF, DKK, EUR, GBP, NOK, PLN, SEK, USD
- Australia
- AUD, NZD, USD
Stripe
- Australia (AU)
- Austria (AT)
- Belgium (BE)
- Brazil (BR)
- Canada (CA)
- Denmark (DK)
- Finland (FI)
- France (FR)
- Germany (DE)
- Hong Kong (HK)
- Ireland (IE)
- Italy (IT)
- Japan (JP)
- Luxembourg (LU)
- Mexico (MX)
- Netherlands (NL)
- New Zealand (NZ)
- Norway (NO)
- Portugal (PT)
- Singapore (SG)
- Spain (ES)
- Sweden (SE)
- Switzerland (CH)
- United Kingdom (GB)
- United States (US)
Each currency above has a specific list of countries/currencies it can accept payments from. For example, the United States can accept payments from 100+ other countries/currencies that can be settled into $USD. For a full list per currency, consult Stripe's documentation here.