Payment and Tender Creation
If the payment currency is different from the account's invoice currency, the amount is converted into the account's invoice currency during payment and tender creation. The currency conversion is done when you have an algorithm of the C1_CURALGPY or C1_EXCRTPY algorithm type attached on the Currency Conversion For Payments algorithm spot of the respective division. Otherwise, the currency conversion will not happen. If the required exchange rate is not available during currency conversion, the payment and tenders will not be created.
The currency conversion feature is available when the payment currency (i.e. tender currency) is different from the payor account's invoice currency and not when the payor account's invoice currency is different from the payee account's invoice currency.
The currency conversion feature for payments is currently not supported from the Payment Portal screen and while uploading payment data from an external source.
Related Topics
| For more information on... | See... |
|---|---|
| C1_CURALGPY algorithm type | C1_CURALGPY |
| C1_EXCRTPY algorithm type | C1_EXCRTPY |