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Foreign Exchange

When providing payment services in Latin America, Liquido supports local currencies , and also foreign exchange to USD dollar, Euro, and other major global currencies.

Accept payments in local currency with real-time foreign currency exchange settlement

Merchants can initiate and process payment transaction in local currency, but Liquido can instantaneously exchange and settle the funds in currencies like US dollars or Euros, using real-time exchange rate. Merchants can withdraw their balance in US dollar or Euro.

Payin

When using the Payin API, you can achieve currency conversion during settlement by configuring the FX proposal.

drawing

Create A FX Proposal Request
{
  "amount": 100000,
  "country": "BR",
  "currency": "USD",
  "targetCurrency": "BRL"
}
Payin Request
{
    "idempotencyKey": "1ec983fa-1a37-679b-809b-067861d87ab0",
    "amount": 100000,
    "currency": "BRL",
    "country": "BR",
    ...  # other basic request fields
    "paymentProposalInfo": {
        "proposalId": "beb199db-fb9c-481b-a951-73b905d5ce43"
    },
    ...  # other basic request fields
}

Payout

When using the Payout API, you can specify the payout currency by configuring the 'currency' field. This allows for currency conversion. The currency conversion information will be displayed in the notification callback sent to the merchant.

drawing

Payout Request
{
  ...  # other basic request fields
  "amountInCents": 100,
  "currency": "USD",
  ...  # other basic request fields
}
Payout Notification
{
  ...  # other fields
  "amountInCents": 100,
  "currency": "USD",
  "paidAmount": 314,
  "paidCurrency": "BRL",
  "exchangeRate": 5.067,
  ...  # other fields
}

Local currency transactions with local currency accounting, and foreign exchange conversion at any time

When initiating transaction requests, merchants request payment processing, settlement and accounting in local currency. Afterwards at any time, merchants can submit a currency exchange request to Liquido, when the foreign exchange market is open. Liquido will exchange the local currency into US dollars or Euros using the real-time exchange rate at the time the exchange request is made, completing the merchant's currency exchange and payment operations.

Dashboard Operation

To withdraw your balance, go to the Withdrawal screen under Accounting menu, click Add to initiate a request.

After selecting country, you will see the default beneficiary account which should be agreed upon in advance. Fill in the amount and click Submit to generate a withdrawal request. We will process your withdrawal as per your request, and you will receive an notification email with a voucher after the transfer is performed. The whole process is supposed to be completed within 1 business day.

drawing

Deposit US dollars or Euros, and convert into local currency, to carry out local payment needs

For merchants without local currency funds needed for local payments, merchants can directly deposit US dollars and other foreign currencies to their Liquido account. Liquido will then convert the foreign currency funds into local currency for payouts.

Dashboard Operation

To initiate an exchange from your balance, go to the Exchange page under the Accounting menu, click Add to initiate a request.

Select a country and enter the amount you want to convert, you will then have the visibility of details including rate, receipt amount and deduction amount. The rate applied contains a markup agreed upon. Click Submit and an exchange request will be processed.

drawing

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