DYNAMIC AND MULTI CURRENCY COMPARISON - Payment Processing News

DYNAMIC AND MULTI CURRENCY COMPARISON

Currency Conversion

Dynamic Currency Conversion

  • Five supported currencies
  • Retail, Restaurant, MOTO, E-commerce
  • Price listed in merchant’s currency
  • Customer is aware of currency conversion
  • Customer may opt-out at the point of sale
  • Conversion occurs at the point of sale
  • Merchants may choose settlement method & time
  • Supported by terminals, viaWarp and Virtual Merchant
  • Merchant rebate up to 100bp

Multi-Currency Conversion

  • 100+ supported currencies
  • E-commerce only
  • Price listed in customer’s currency
  • Customer is not aware of currency conversion
  • Customer may not opt-out at the point of sale
  • Conversion occurs between the point of sale and settlement
  • All transactions auto settle at 6pm (eastern) daily
  • Supported by Internet Secure or direct certification
  • No merchant rebate
April 15th, 2016 by