Merchants or acquirers can unlock the power of FX. Our APIs enable real-time currency conversion at the point of sale for card present and card not present transactions. Cardholders receive transparent FX rates, merchants enhance the cardholder experience while settling in the currency of their choice, and acquirers provide their merchants with tools enhancing the cardholder experience.

With FX you will be able to integrate Dynamic Currency Conversion (DCC). A credit card processing solution that allows both card present and card not present merchants to offer international customers the choice to pay in either their own currency or the merchant’s base currency.

Benefits

Acquirers

• New revenue stream with margin commission per transaction sales volume. The average margin in the market ranges between 4% and 6% depending on the vertical sector.
• The bank may provide exchange rates only in the hard currencies or in all the currencies it wants to offer.
• Retain and secure merchants for long term.

Merchants

• Earn additional income on foreign issued credit card transactions.
• No additional cost to setup or monthly fees.
• Improve customer satisfaction and customer loyalty.
• All transactions will be funded to the merchant in their local currency in same timeframe as domestic.

Customers

• Customers will know what they are paying up front at the time of the purchase, instead of waiting to see the total cost in their home currency on a bank statement.
• It is optional, merchant require the customer consent to perform de DCC transaction.
• Customers can compare prices for different products and services in their home currency.
• 92% of customers prefer to make purchases in their own currency.
• 33% of customers abandon the cart if pricing is not in a home currency.