payments

Currency Conversion and Exchange Rates

How Gloseg handles multi-currency transactions and exchange rates. ## Multi-Currency Platform Gloseg operates across 50+ currencies, enabling seamless trade between different monetary systems. ## Exchange Rate Sources Our rates are sourced from: - ExchangeRate-API (primary) - Open Exchange Rates (backup) - Central bank rates (reference) Updated every 30 minutes for accuracy. ## When Conversion Happens ### Display Conversion: - When you browse in a different currency - Approximate/indicative rate - Updates with page refresh ### Payment Conversion: - At checkout when you pay - Rate locked for 15 minutes - Final amount shown before payment ### Seller Payout Conversion: - When seller requests payout - In their chosen payout currency - Rate at time of payout request ## Rate Spread Gloseg applies a small spread: - Display: 0.5% spread - Payment: 1% spread - Payout: 1% spread This covers: -…