Dynamic Currency Conversion allows your international customers the option of paying in their home currency while increasing the profit margin of merchants.
Customers get the option of paying in their home currency (which they are usually more familiar with).
Flags of the local currency country and home currency country are also displayed!
The home currency amount that customers see is the same amount that appears in their credit card statement.
Merchants get a chance to offer greater choice to their customers.
Merchants benefit from sharing in the revenue of Dynamic Currency Conversion transactions.
How does it work?
Each time an international card is used at a POS terminal, the amount is automatically converted to the home currency of the cardholder (including a mark-up).
This home currency amount is displayed alongside the original local currency amount on the POS terminal screen.
The customer can now choose the currency he/she wants to pay in to complete the transaction.
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