What is a settlement currency?

u003cpu003eThis is the single most consequential configuration choice in a crypto payments setup, and it is usually made once by whoever did the integration and never revisited.u003c/pu003eu003cpu003eSet it to a fiat currency and every incoming payment converts. Your revenue behaves like any other revenue, your accounts balance without a note, and you carry no price exposure. Set it to a crypto asset and you keep what arrives, with whatever that implies.u003c/pu003eu003cpu003eYou can also hold several balances and move between them from the dashboard, so the choice is not permanent. What it is not, at CoinGate, is a per-order decision.u003c/pu003eu003cpu003eOne non-obvious consequence. If your settlement currency matches the currency the shopper paid in, no exchange runs and a do-not-convert fee applies instead. Setting a receive currency is therefore not automatically the cheaper option, which is worth checking against your own asset mix rather than assuming.u003c/pu003e