# Understand your multi-currency settlement fees

[Multi-currency settlement](https://docs.stripe.com/payouts/multi-currency-settlement) lets you accept, settle, and pay out funds in currencies other than the primary currency of your region. Stripe charges a multi-currency settlement fee (listed as `multi_currency_settlement` in the All Fees Report) when a payment settles into your balance in a currency that isn't your primary currency.
## When Stripe charges the fee
Stripe charges the fee when funds settle in a non-primary currency, not when you create a payout. The fee is a percentage of the total charge amount in that currency. See current [multi-currency settlement pricing](https://docs.stripe.com/payouts/multi-currency-settlement).
Stripe doesn't charge a multi-currency settlement fee:
- On payments in your primary currency
- On payments that Stripe converts to your primary currency. These payments have a currency conversion fee (listed as "Stripe FX fee" in the All Fees Report) instead.
## October 2026 updates
In October 2026, Stripe changed when multi-currency settlement fees are charged:
- **Previously:** Stripe charged the fee when funds were paid out from your Stripe balance.
- **Now:** Stripe charges the fee when an eligible payment in a non-primary currency settles into your Stripe balance.
This changes when Stripe charges the fee, but it doesn't change your agreed rate. Refer to the communications sent in July 2026 for full details.
Multi-currency settlement fees also no longer have a minimum fee. Minimum payout amounts still apply to each currency. You can't pay out funds in a currency until the balance meets that currency's minimum payout amount.
### Users with Alternative Currency Payouts contracts
Multi-currency settlement was previously called Alternative Currency Payouts (ACP). If you have an ACP contract, your original contract remains valid and your agreed rates continue to apply.
You might see more individual fee entries in your reports. Stripe now records the fee against each eligible payment when it settles, rather than combining the activity into a payout-related fee. This doesn't mean that Stripe has charged the fee twice.
## Find the fee in the Dashboard
You can view multi-currency settlement fees in the Dashboard under **Reports** > **All fees**. The activity report fee name changes to `multi_currency_settlement`, replacing the legacy ACP fee name (`alternative_currency_payouts`). Finance teams should update reconciliation rules that depend on the old `alternative_currency_payouts` fee identifier.
## Fees for Connect platforms and connected accounts
If you're a Connect platform, who pays the fee depends on who pays Stripe fees for each connected account:
- If your platform pays Stripe fees, Stripe deducts the fee from your platform balance.
- If the connected account pays its own Stripe fees, Stripe deducts the fee from the connected account's balance.
The fee follows the account where the funds settle. A payment that settles on a connected account in a currency other than that account's primary currency incurs the fee, even if the funds move to your platform later. A payment that settles in a connected account's primary currency doesn't incur the fee.
If you charge connected accounts for multi-currency settlement, use one method only: pass the cost through, or include it in your application fees. Using both can impose fees on your connected accounts twice for the same charge. Learn more about [multi-currency settlement for Connect platforms](https://docs.stripe.com/connect/multi-currency-settlement).
## Rates and minimum payout amounts
Rates and minimum payout amounts depend on your country and the settlement currency. If you have negotiated pricing, your applicable agreed rate generally continues until renewal or an agreed contract change. See current rates and minimum payout amounts in the [multi-currency settlement documentation](https://docs.stripe.com/payouts/multi-currency-settlement).