What is Fx adjustment?

Created by Dada Khalandar khalandar S, Modified on Fri, 28 Mar at 4:10 PM by Dada Khalandar khalandar S

Even though the customer is debited in real-time on the day of the transaction, the actual settlement process can take up to 10 days. Thus, a small amount of charge can be incurred due to the difference in foreign exchange rates of the 10 days.

Here's a closer look:

TO - The day you make a transaction, we debit your account by prevalent FX rate for the day. T2 - Typically, the merchant sends settlement within prevalent FX rate for the day.

If there's any difference between TO and T2 Fx rates, it's either: › Debited from you (if T2 rates are more) › Credited to you (if T2 rates are less)

This will clearly be marked as “Fx Adjustment” in the transaction section of the app.