# Configuring Currency Exchange Rates

In some cases, merchants may prefer to receive payments in their local currency, even when their customers are paying in a different currency. To support this, Ottu provides a convenient currency exchange service that simplifies the payment process for both merchants and customers. This feature ensures a seamless transaction experience, even when intermediary banks impose markup fees for currency conversion.

Follow these two simple steps to set up the currency exchange feature:

## **1- Add a New Currency Exchange**

Navigate to the **Currency Exchanges** section within the Currency Tab. Then, click on **Add Currency Exchange** to begin the setup process.

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## **2- Define Currencies and Set the Exchange Rate**

Enter the required parameters, including the currencies involved and the desired exchange rate. Once you've entered all necessary details.&#x20;

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Click on **Save** to apply the exchange rate.

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