MULTI AND DYNAMIC CURRENCY - Payment Processing News

MULTI AND DYNAMIC CURRENCY

Currency Conversion

Multi Currency Conversion (MCC):

  • In addition to 100+ supported currencies and all transactions autosettle at 6pm (eastern) daily.
  • Customer is unaware of the converted currency, also customer may not opt-out at the point of sale.
  • Conversion occurs between the point of sale and settlement.
  • E-commerce only and no merchant rebate.
  • Price listed in customer’s currency conversion also Supported by Internet Secure or direct certification.

Dynamic Currency Conversion (DCC):                                        

  • Customer is aware of the Conversion Currency, also customer may opt-out at the point of sale.
  • Conversion occurs at the point of sale and five supported currencies less than MCC.
  • Merchants may choose settlement method and time in addition to merchant rebate up to 100bp.
  • Price listed in merchant’s currency conversion.
  • For Retail, Restaurant, MOTO and E-commerce.
  • Supported by terminals, via Warp and Virtual Merchant.

For more information give us a call at 888-996-2273 or visit our website: www.nationaltransaction.com 

September 9th, 2016 by