The presentment currency is the currency in which a transaction is presented to the customer and submitted to the card network: the currency of the price the shopper sees and of the amount sent for authorization. It is one of up to three currencies in a card payment. The second is the settlement currency, in which the merchant receives its funds, and the third is the billing currency of the cardholder's account.
Where presentment and settlement currencies differ, the merchant's provider converts the proceeds and the merchant bears that cost. Where presentment and billing currencies differ, the card issuer converts and the cardholder may pay foreign transaction fees. Merchants selling abroad choose presentment currencies to match their customers, an approach known as multi-currency pricing. With dynamic currency conversion, the customer is offered a switch of presentment currency at the point of sale.