--- title: "What Is Multi-Currency Billing? Definition and Examples" description: "Multi-currency billing charges each subscriber in their own currency. See how it differs from currency conversion and what it needs from a payment provider." url: "https://www.rentanott.com/glossary/multi-currency-billing" markdown_url: "https://www.rentanott.com/glossary/multi-currency-billing.md" category: "Pricing & billing" updated: "2026-10-05" --- # What is multi-currency billing? Multi-currency billing is charging customers in their local currency instead of a single currency for everyone. The price is shown, charged and receipted in that currency, and the business receives the funds either in the same currency or converted to its own. ## How multi-currency billing works Each plan has a price in every supported currency. At checkout the service picks the currency from the viewer's country, and the payment provider charges the card in that currency. The viewer's bank applies no conversion and no foreign transaction fee. ## Presentment and settlement - Presentment currency: what the customer sees and pays in - Settlement currency: what the business receives in its bank account - Like-for-like settlement: keeping funds in the currency charged, which avoids conversion but needs an account in that currency - Converted settlement: the provider converts at its rate and charges a conversion fee ## Why it matters A price in a foreign currency looks unfamiliar, changes with the exchange rate each month and may add a bank fee. All three lower conversion and raise cancellations. Local-currency charges are also approved more often by the customer's bank. The cost is exchange-rate risk: a fixed local price is worth more or less to you as the rate moves. Review local prices periodically. ## Multi-currency billing on RentAnOTT Regional payments and tax are included on every RentAnOTT plan, with plans and pricing managed per region in the CMS. Which currencies you can charge in depends on the payment provider set up at launch. [See features](https://www.rentanott.com/features). ## Related terms - [Localized pricing](https://www.rentanott.com/glossary/localized-pricing) — Localized pricing is setting a different price for the same streaming plan in each country, in the local currency and at a level that matches local incomes and competing services, instead of converting one global price at the exchange rate. - [Regional pricing](https://www.rentanott.com/glossary/regional-pricing) — Regional pricing is charging different prices for the same streaming plan in different groups of countries. Countries with similar purchasing power are placed in a band, and each band has one price. - [Payment gateway](https://www.rentanott.com/glossary/payment-gateway) — A payment gateway is the service that securely collects a customer's payment details, sends the transaction to the banks and card networks for approval, and reports the result back to the business. A streaming service uses one to sell subscriptions, rentals and purchases on the web. - [Merchant of record](https://www.rentanott.com/glossary/merchant-of-record) — The merchant of record (MoR) is the legal entity that sells a product to the customer. Its name appears on the customer's statement, and it is responsible for processing the payment, collecting and remitting sales tax, and handling refunds and disputes. - [PPP pricing](https://www.rentanott.com/glossary/ppp-pricing) — PPP (purchasing power parity) pricing is a way of setting country prices by scaling a base price according to how far money goes in each country, so that a plan feels equally affordable everywhere rather than costing the same amount in dollars. - [Transaction fee](https://www.rentanott.com/glossary/transaction-fee) — A transaction fee is an amount deducted from each individual sale, as a percentage, a fixed sum or both. On a streaming service it can be charged by the payment provider, by an app store and, on some platforms, by the platform vendor itself. - [Recurring billing](https://www.rentanott.com/glossary/recurring-billing) — Recurring billing is charging a customer's saved payment method automatically at a fixed interval, such as every month or year, until they cancel. It is the billing mechanism behind every streaming subscription. ## Further reading - [Localized pricing for streaming](https://www.rentanott.com/blogs/localized-pricing-streaming) - [Localized pricing calculator](https://www.rentanott.com/tools/localized-pricing-calculator) - [Pricing](https://www.rentanott.com/pricing) ## Frequently asked questions ### Is multi-currency billing the same as showing converted prices? No. A converted display still charges the card in your currency. Multi-currency billing actually charges in the customer's currency. ### Do I need a bank account in every currency? No. Most payment providers convert to your settlement currency for a fee. Local accounts become worthwhile once a currency carries real volume. ### How should local prices be set? Not by converting at today's rate. Choose a price that suits the market and looks natural in that currency, then leave it stable. All 163 terms: [Streaming and OTT glossary](https://www.rentanott.com/glossary). ## Book a demo Tell RentAnOTT what you are launching. The team walks through the platform and maps the path to go-live around your catalog, markets and revenue model. Book a demo: https://www.rentanott.com/contact ## More from RentAnOTT - [Home](https://www.rentanott.com/index.md) — What RentAnOTT is, what every plan includes, and how launch works - [Features](https://www.rentanott.com/features.md) — Every core feature and optional add-on - [Pricing](https://www.rentanott.com/pricing.md) — Platform tiers, apps, add-ons, usage rates and example bills in INR and USD - [Free tools](https://www.rentanott.com/tools.md) — OTT app builder and calculators for streaming revenue, bandwidth, bitrate and pricing - [Insights](https://www.rentanott.com/blogs.md) — All streaming business articles - [Glossary](https://www.rentanott.com/glossary.md) — Definitions of streaming and OTT terms - [Book a demo](https://www.rentanott.com/contact.md) — Talk to RentAnOTT about your launch Full site in one file: https://www.rentanott.com/llms-full.txt