When a global maker runs a project, I'd like to know what currency and exchange rate standards apply to supporters

(Target: Global makers who have business registration certificates from countries other than South Korea)

To reduce the burden of double currency conversion for overseas supporters and help makers achieve stable cash flow, Wadiz applies different final billing/payment currencies and exchange rate fixing standards depending on the payment method selected by overseas supporters.

📍 Worldwide ex-Korea Maker

1. Overseas Supporter Payment and Billing Currency Standard

Depending on the payment method selected by overseas supporters, the final billing and payment currency and exchange rate fixing standard are applied differently.

• Stripe (Credit/Debit Card Scheduled Payment) ➡️ US Dollar (USD) Billing and Payment

  • (Target: Overseas supporters participating through scheduled payment outside Korea)

  • Billing Currency: The final payment currency actually charged to the card company is US Dollar (USD).

  • Exchange Rate Fixed: The final USD amount is fixed based on the exchange rate at the time of funding participation. Regardless of how the exchange rate fluctuates after the project ends on the final payment date, the supporter is charged the same fixed dollar amount confirmed at the time of participation, and the same applies when canceling or requesting a refund, so no amount mismatch issues occur.

  • ※ However, depending on the card company's own currency conversion fee and applied exchange rate, there may be minor differences between the estimated local currency amount displayed within the site and the actual billing amount.
    
    
    

• Alipay (Alipay Instant Payment) / NICE Pay (NICE Pay) ➡️ Republic of Korea Won (KRW) Payment

  • (Target: Supporters participating through instant payment (pay now) via Alipay easy payment or NICE Pay payment window)
  • Billing Currency:  The amount is fixed based on the Republic of Korea Won (KRW) and the payment proceeds. 
  • Exchange Rate Fixed: The final KRW payment amount is confirmed and fixed based on the exchange rate at the time of funding participation. Thereafter, the supporter's final withdrawal amount in local currency is determined according to the real-time exchange rate and fee policy of the payment provider's own payment network.