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FX comes into play whenever funds move between different currencies during a payout. Depending on your setup, FX can occur at
  • Conversion from holding (balance currency) to payout currency
  • Conversion from payout currency to destination currency
  • Both

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Holding FX

Balance currency → Payout currency This occurs when:
  • Your holding balance is in one currency (e.g. USD)
  • You initiate a payout in a different currency (e.g. EUR) Tazapay converts funds from the holding currency to the payout currency as part of the payout flow.

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Destination FX

Payout currency → Destination settlement currency This occurs when:
  • The payout is initiated in one currency
  • The destination bank or rail requires settlement in another currency
Tazapay handles the conversion transparently as part of routing and settlement.
Tazapay also supports locking exchange rates across different stages of the payout lifecycle.
Types of FX payout
  1. Locking exchange rates for the maker-checker flow
  2. Locking exchange rates for post-payout creation funding