Settlement Currency
Currency received after processing
Settlement currency determines FX exposure and accounting treatment. Mismatch between revenue currency and cost base increases volatility risk. Treasury alignment is necessary.
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Routing
How payments and conversions are directed internally
API
Technical interface enabling system integration
Partial Payments
Customer pays less or more than invoiced amount
Custodial vs Non Custodial Processing
Whether processor takes possession of funds
On Ramp Off Ramp
Conversion between fiat and digital assets
Spread vs Commission
Difference between explicit fee and embedded spread