What is it?
When international customers are shopping online in
a currency they are not familiar with, they are often
unaware of what the final transaction amount will be.
This situation may increase chargeback risks for merchants.
How does it work?
The High-Risk Merchant Account + Gateway has a solution
that will overcome the currency barrier and prevents
chargeback risks by making customers feel as if they
are shopping in their own country and in their own currency.
Facilitating geo-location technologies, Multi-Currency
Conversion can automatically deliver country-specific
currencies or redirect to country-specific websites.
Multi-Currency Conversion enables merchants to gain
additional profits by identifying a credit card's country
of origin and offering the customer a choice between
their home currency or the merchant's local currency.
The Multi-Currency Conversion solution immediately accesses
current exchange rates and calculates prices in the
requested currency. The buyer then selects the transaction
currency of choice and final settlement will occur in
the merchant's home currency.
How does Multi-Currency Conversion compare to dynamic
Dynamic Currency Conversion occurs in a point of sale
transaction where the card, the consumer and the merchant
are present. Multi-Currency Conversion is in the Card
Not Present environment.
Currently only available with
the High-Risk Merchant Account and Gateway