Multi-Currency Settlement & FX Rates

What is Multi-Currency Settlement?

Multi-currency settlement allows brands to:

• Accept wholesale orders in multiple currencies (USD, EUR, GBP, etc.)
• Settle payouts in your preferred currency
• Automatically convert currencies at market rates
• Track FX gains/losses in your financial reports

Available on the Scale plan.

Requirements

• Scale plan subscription.
• At least one settlement currency configured (usually your home currency).
• Retailers placing orders in foreign currencies.

Configuration

Brand Settings

1. Go to Finance → Settlement Currency in your Brand dashboard.
2. Choose your preferred settlement currency (e.g., USD):
   • This is the currency in which you want to receive payouts.
   • Your Stripe Connect account must support this currency.
3. Save. Orders in other currencies will be automatically converted at settlement.

Supported Currencies

• USD, EUR, GBP, CAD, AUD, JPY, CNY, INR, MXN, and others
• Check Settings → Supported Currencies for the full list available on Ordrly.

How FX Rates Work

Ordrly uses live market FX rates from your configured rate provider (Stripe, European Central Bank, or similar):

1. Order placement — Retailer orders in their local currency (e.g., EUR).
2. Conversion check — If different from your settlement currency, the system fetches the current FX rate.
3. Invoice — The invoice shows both the original amount (EUR) and the converted amount (USD or your settlement currency).
4. Payout — You receive the settlement currency amount.
5. Reporting — FX gain/loss is recorded for tax and accounting purposes.

Settlement Process

1. Retailer pays their invoice in their currency.
2. Ordrly converts the payment to your settlement currency.
3. Settlement SLA: Payout occurs within your configured SLA (default 24 hours).
4. You see the net amount (after platform fees) in your settlement currency in your bank account.

Reporting & Reconciliation

Your Finance Dashboard (Scale plan) shows:

• FX Summary: Total gains/losses from currency conversions in the current period.
• Multi-Currency AR: Accounts receivable broken down by currency.
• Settlement Log: Each payout with original and converted amounts, FX rate used, and spread.

You can export detailed FX reports for your accountant or tax filings.

Accounting Impact

• Revenue Recognition: Orders are recorded in your settlement currency; FX adjustments are recognized on payout.
• FX Gains/Losses: Recorded under non-operating income/expense.
• Tax Considerations: Consult your accountant about FX reporting in your jurisdiction.

Limitations & Notes

• Minimum currency threshold: Ordrly may not support extremely exotic currencies. Check Settings for supported list.
• Historical rates: FX rates are fetched at order time and conversion time; they are not retroactively updated if rates fluctuate.
• Fee structure: Platform fees (e.g., 2.5% marketplace advance fee) are calculated on the converted amount.

Support Tips

• If a retailer disputes a converted amount, show them the FX rate used (visible in the invoice).
• You can manually adjust FX rates if a retailer paid via a different channel with a different rate (ask support for override options).
• For bulk international operations, consider fixed FX hedging through your bank.