Dynamic Currency Conversion

epay offers a Dynamic Currency Conversion (DCC) which is a convenient service that gives foreign cardholders the choice of paying for goods and services in either the merchant’s pricing currency or the cardholder’s card billing currency. DCC is offered on Visa and MasterCard transactions only and this service is provided to merchants by epay.

DCC is also available to complete ATM or Web transactions.

Generating value for cardholders and merchants:

Benefit for cardholders:

• Reliability and convenience
• Visibility of charges made in foreign countries
• The choice to transact in their billing currency
• _ The risk of fluctuating exchange rates is removed
•  Up to date, competitive exchange rates
•  No additional currency conversion fees/charges/commissions

Benefit for merchants:
The process of DCC is particularly appealing to merchants with high foreign volume:

• Enhances the core offering as a value-added service
• Offers customers more choices and convenience in payment
• Provides a viable, consistent revenue stream based on  a small percentage of the currency conversion margin that is charged to each transaction

epay DCC features

The epay DCC solution is proven, feature rich and readily deployable across all major delivery channels:

• Provides terminal (ATM and POS) driving and switching to Visa and MasterCard for authorizations in eligible currencies
• Presents cardholders with a friendly DCC “opt-in” on ATM and POS
• Allows all parties to transact in their home currency
• Shifts foreign currency conversion revenue from the issuing side to the acquiring side
• Provides rate and commission management
• Includes network operation support
• Includes DCC marketing and branding opportunities

DCC transaction flow