Managing multi-currency balances (Beta)

This feature is currently only available for Global Accounts.

Xendit automatically converts all funds from payments into the default currency of your account. The default currency across all Xendit global accounts is USD.

You can add a new currency balance from your Balance tab - use the + Open New Balance button and select your desired currency.  

After a currency balance is added, all payments with a matching presentment currency will settle into that balance going forward.

For example, if you are a Xendit user in Singapore with only a USD balance open, all payments with a different presentment currency (eg IDR, PHP) will be automatically converted and settled into that USD balance. When you add a IDR balance, any future IDR payments will automatically settle into the IDR balance without conversion.

Upon adding a balance, you can also use it for the same purposes as your existing balances:

1. Setting as default balance

2. Converting to/from other currencies

3. Initiating a payout

Some currencies will have restrictions on the range of features you can use, depending on your country of incorporation.