What this module does
- When customer carries out payment in a currency that is not supported by PayPal, this module will convert the payment amount into an amount in a currency (which is configurable) that is supported by Paypal before sending the payment data to Paypal.
- During payment processing and payment notification, this module ensures that the converted amount is equivalent to the original one for full reconciliation.
- During reconciliation, the difference due to exchange rate will be encoded into the exchange rate journal.
Example
Assume that
- The company currency is VND (Viet Nam Dong - đ), which is not a currency supported by Paypal
- Invoice INV/2019/0001 is amounted 2,000,010đ (in VND)
- The Paypal acquirer is configured with USD as the default currency for conversion in this case
- Exchange rate between VND/USD: 23,100
Payment process
- Convert VND to USD: 2,000,010 / 23,100 = 86.580519481, and will be rounded into 86.58
- Request Paypal to process payment for the $86.58
- After processing, Paypal notifies Odoo with success processing of the amount of $86.58.
- Odoo verifies this amount and generates a payment of $86.58 and posted with value of $86.58 * 23,100 = 1,999,998đ
- During reconciliation, the difference of 12đ (between 1,999,998đ and 2,000,010đ) will be encoded into the exchange rate difference. The corresponding invoice will be set to paid.
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