Record Overseas Transactions Along with CC charges

Record Overseas Transactions Along with CC charges

Hi All,

We receive payments via stripe in multiple currencies and stripe takes around 2.5% fees. The amount is settled in INR into our local bank.

What should be the currency of the income account used for Stripe payments?

Here is a sample flow that we are considering at?
  1. Create stripe income account in INR (base currency)
  2. create all customer invoices in their local currencies (USD, GBP, EUR etc).
  3. Record customer payment in Stripe INR income account
  4. Add expense entry by removing the Stripe fees in INR.
  5. Add transfer entry from Stripe to Local Bank INR
Is the above approach correct or there is more to it?