Settlement ROE(Rate of Exchange)
The base currency of iPasspay merchant account is CNY(RMB) because our acquirers are Chinese banks,however most of our merchants want to accept payout in USD,EUR,GBP,AUD,CAD,JPY and so on,that's why we're talking here why we need a settlement ROE and where it is from.
Our settlement ROE(Rate of Exhcange) refers to the BOC Cash Selling Rate.Please check the details Here.Or you can directly access the following URL:
Please note that the final ROE we're taking will be increased by 1.5% to 2.5% due to forex control laws by China goverment.
BOC: Bank of China