Currency units

Generally, when you make a request for a payment of any type you must provide the amount in minor currency units of the request currency without any decimal point or comma.

The minor unit (also called a subunit or fractional unit) is the smallest official unit of a currency that is commonly used in financial transactions. Think of it as the "small change" part of a currency. The Number of digits for minor currency units column in Currency codes shows the number of decimal places for the currencies supported by Monetix.

For example, for US dollar:

• Major unit: The main name of the currency—Dollar.
• Minor unit: The small part that makes up the major unit—Cent.

The value in the Number of digits for minor currency units column is 2.

So, if the request amount is 100.00 USD it should be specified as 100×10²=10000 (that is, 10000 cents).

And if the currency does not have any minor currency units, then you are required to provide the amount in the major currency units. For example, the amount of 100 JPY is specified as 100×10⁰=100.