Dynamic Currency Conversion
International customers see their total in their home currency
You get fewer chargebacks and also receive a portion of the foreign exchange conversion fee.
What is Dynamic Currency Conversion?
Dynamic Currency Conversion converts dollar amount to the visitor’s home currency at the point of purchase, so they see their total in their own currency.
People from all over the world flock to the U.S. for vacations, business trips, and educational and medical services. Many U.S. merchants in tourist locations serve international customers such as sightseeing tour operators, golf and ski resorts, shopping, dining, and entertainment venues. As you can imagine, most consumers are more comfortable making purchases in their home currencies. Yet typically, credit card payments are made in U.S. dollars and converted later to the buyer’s home currency with the card holder paying a conversion fee to the card issuer. The visitor doesn't learn how much they paid in their own currency until they get their statement. Now, there’s a smart alternative: Dynamic Currency Conversion (DCC) from NOVA®, the processor with the #1 rated payment network for availability and reliability.
Improve Your Bottom Line While Catering To Your International Clientele
Benefits you can bank on:
- Seamless Process: Still one merchant account statement, one point of contact for all payment processing services.
- Complete Solution: The only end-to-end, closed-loop network offering in the U.S. From direct treasury exchange rates and transaction processing to back-end reconciliation, settlement, funding, and support.
- Unmatched Industry Experience: Leading provider of DCC in Europe, supporting more than 12,000 merchants.
- Fewer Chargebacks: Customer’s credit card is billed in exactly the amount that appears on their receipt. There are no surprises.
How DCC works
With NOVA’s DCC service, international Visa® and MasterCard® credit card purchases are converted instantly at the point of sale (POS) to the cardholder’s home currency at a very competitive exchange rate-eliminating unpleasant surprises for consumers when their credit card bill arrives. NOVA will rebate a share of the conversion fee to you, generating additional revenue for your business. The more international business you do, the more you improve your bottom line. Best of all, with DCC there are no activation fees, monthly fees, or monthly minimums. Getting started is easy.
See how DCC pays you back
DCC Specialty Retail Merchant
- Bankcard Volume $375k
- Convertible (DCC) Volume $101k
- Payment Processing Bill $11,150
- DCC Merchant Rebate $755
Sample DCC - Helicopter Tour Operator
- Bankcard Volume $591k
- Convertible (DCC) Volume $408k
- Payment Processing Bill $12,537
- DCC Merchant Rebate $3,062
