MyAffiliates can work with multiple currencies. When dealing with currencies, there are three main concepts to understand:
1. Customer Activity CurrencyThe Customer Activity Currency is the currency in which the customer's gaming or trading activity is provided by the client's data provider.MyAffiliates can receive customer activity in multiple currencies. The system converts this activity into the System Base Currency for commission calculations and reporting purposes.Currency conversions are handled through an FX feed, with conversion rate snapshots taken daily. MyAffiliates retrieves its currency exchange rates through CurrencyLayer.
2. System Base CurrencyThe System Base Currency is the default currency selected for the MyAffiliates system before deployment.This is the only currency in which affiliate commissions are calculated. Affiliate deals and commission rates are also configured using the system base currency.The base currency is also used for Back Office (Admin) reporting, providing the client with a consistent currency for reviewing financial and performance data.
3. Affiliate CurrencyAffiliate Program operators can enable multi-currency functionality, allowing affiliates to select a preferred currency for their account.When enabled, affiliates can:
The affiliate's chosen currency does not change how commissions are calculated. Commission calculations are always performed using the System Base Currency. The calculated amounts are then converted from the base currency into the affiliate's selected currency for reporting and where applicable, payment purposes.
Affiliates who have selected a currency other than the system base currency can view their reporting in both their selected currency and the System Base Currency.
Note: Additional currencies must be enabled on the system by MyAffiliates. If a required currency was not configured during integration or deployment, please contact MyAffiliates Support.
Currency Exchange RatesMyAffiliates retrieves currency exchange rates through an API provided by CurrencyLayer. The supported currencies and available exchange rates are determined by the currencies configured and supported through the integration.The list of currencies it supports can be found at - CurrencyLayer Available Currencies
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