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In this tutorial, David from merchant accounts dot CA discusses settlement currencies for multi currency transactions. When processing a transaction, merchants can choose to process it in their domestic currency. For example, a Canadian merchant can process transactions in Canadian dollars. If targeting US customers, transactions can be processed in US dollars. Merchant accounts CA provides a US currency merchant account for this purpose. The question arises of how the Canadian merchant will be paid when billing in US dollars, but there are solutions in place for this scenario.
