When you receive payment in other currencies other than your default currency, the money will be deposited to your account in your default currency (please note that your default currency is defined by your country of business domiciliation)
Breakdown of process.
This is how the process goes from the moment you receive payment to when withdrawal can be made.
Payment received in other currencies >>>> payment converted to your default currency using internal FX rate>>> transaction of 4.5% is applied >>>> money is lodged in your wallet >>>> maturity period of T-5 applies >>>> money is now available for withdrawal.
For example, if your account is domiciled in Naira and you have international gateway enabled. When a user pays for an item in USD, the money is first converted and deposited to your account in Naira (based on VoguePay’s FX rate).
After this, the 4.5% transaction charge will be deducted, the fund will now mature (T+5) before you can withdrawal it to a bank account.
NOTE: In case you DO NOT want your transaction in USD to be converted to your default currency, you need to open another VoguePay account with USD as your default currency.