Indepay DCC solution makes shopping easier for international customers
with Dynamic Currency Conversion. Merchants with Dynamic Currency
Conversion (DCC) capability provide a value-added service to their
international customers and earn additional revenue from foreign
currency selection fees to process point-of-sale (POS) payment
transactions
Millions of
tourists and business travelers that visit foreign countries spend
money on lodging, meals, entertainment and other travel related
items. A large percentage of these tourists and business travelers
would rather pay for these goods and services in their own currency—if
they could. International travelers using credit cards have to
wait for their monthly statement to find out how much local currency
transactions in the country they visited, cost in their own currency.
This is inconvenient and often a challenge for business people
who keep track of expenses. It’s no wonder that many international
visitors would prefer to know right away what the transaction
will cost in their own currency, and retailers who can provide
that service are in a position to win more business. If Dynamic
Currency Conversion (DCC) is available in the selected foreign
currency, both merchant and customer know precisely the amount
of the sale, which means no more waiting or guessing at conversion
rates or fees.
Dynamic Currency Conversion (DCC) is a foreign
currency payment solution that recognizes foreign credit cards
at the point-of-sale (POS) and offers customers the choice of
paying in either the merchant's or the cardholder's currency,
if available. If they choose the latter, DCC calculates and converts
the payment and prints a record of the transaction in the selected
foreign currency.
Merchant Benefits
- Offer convenience through more payment options
- Increase purchasing incentive for international customers
- Improve customer service and increase consumer loyalty
Customer Benefits
- Choose to pay in a more familiar currency
- Feel more comfortable with transactions
- Understand immediately what conversion rate and fees will
be applied
- Process expense reports faster with exact transaction amounts
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