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How preferred currencies work for businesses?

Businesses in markets where Preferred Currency Pricing is available can set their preferred currency applying to certain international rides booked in those eligible markets. It has a 1.5% fee, compared to foreign currency transaction fees on many credit or debit cards, which can often be higher (around 2-3%).

Admins can set the organizations’ currency preference under the Billing tab of Settings, from the Admin Dashboard. The currency setting currently only applies to travel programs where rides are paid for on a pay-per-trip basis.

Please refer to your credit card’s applicable terms and conditions or contact your credit card issuer to learn more about fees that may apply to foreign transactions. Uber does not represent or guarantee that utilizing Preferred Currency Pricing will provide any cost savings over using your credit card’s currency conversion process.

What currencies can I set as preferred?

You can set your preferred currency to match your current reporting currency, and trips in eligible markets will be charged in that currency. If you do not have a reporting relationship with Uber, you can select one of the supported currencies (USD, CAD, EUR, and GBP). Setting a preferred currency is optional.

Who can change my currency setting?

Only Admins with edit access to your Uber for Business dashboard can change the preferred currency for international travel. Employees can view the international trip currency setting on their business profile, but they cannot change it.

How does it change for reporting?

A new column for currency conversion fee will be added to their CSV in the fare and tax breakdown.

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