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What is billing currency?

bill - ing  cur - ren - cy
noun

Billing currency refers to the specific currency utilized for conducting transactions. The implementation of multi-currency payment processing allows businesses to establish prices in various currencies and issue invoices to clients using their preferred local currency.

This practice ensures pricing consistency, particularly in cases of monthly billing and helps prevent customer complaints arising from unfavorable exchange rates or unfamiliarity with foreign currency charges. To achieve success in this area, it is crucial to collaborate with a service provider capable of handling multi-currency payments and to carefully select payment methods suitable for supporting billing currencies in target markets.