Dynamic Currency Conversion (DCC), also known as Cardholder Preferred Currency (CPC), is a powerful financial service that gives overseas customers the ability to see exactly how much their Visa or Mastercard transaction will cost in their home currency—right at the point of sale or checkout. Unlike traditional transactions where exchange rates and fees are applied later by the customer’s bank, DCC makes all charges visible upfront, including any exchange rate fees.
How Does Dynamic Currency Conversion Work?
DCC integrates seamlessly with your existing e-commerce website or card machine. For online transactions, the e-commerce gateway automatically recognises eligible Visa and Mastercard cards, allowing international customers to pay in their preferred currency. For in-person payments, your card terminal detects qualifying foreign cards and offers the DCC option directly to your customers—either face-to-face or during card-not-present transactions (like phone orders).
This up-sell opportunity not only enhances customer experience but also creates a new revenue stream for your business.
Benefits for Your Business
- Earn Additional Revenue: Capture exchange rate commission that would otherwise go to the cardholder’s bank or card association.
- Facilitate International Sales: Make it easier for overseas customers to do business with you by letting them pay in their home currency.
- Reduce Currency Risk: Lock in exchange rates at the time of purchase, eliminating exposure to currency fluctuations.
- No FX Exposure: There’s no foreign exchange risk for your business.
- Market Expansion: Attract more international customers by offering major currency transactions.
- Boost Customer Satisfaction: Transparent pricing increases trust and can drive repeat business.
Benefits for Your Customers
- No Hidden Charges: Customers see the exact amount that will appear on their statement, reducing the risk of chargebacks and disputes.
- Enhanced Experience: Paying in their own currency is more convenient and reassuring.
- Competitive Rates: DCC applies competitive exchange rates, providing value and clarity.
Ready to See How DCC Can Work for You?
Use our free payment calculator to estimate your potential savings and new revenue from Dynamic Currency Conversion.
Want to learn more about how Nexpay helps UK and Northern Ireland businesses optimise their card payments? Check out our About Us page for our story and unique approach, or contact us to speak directly to our team.
You can also reach us at 0333 305 2270 or email [email protected] for a tailored consultation.
Nexpay Merchant Services:
Simplifying payments, maximising profits, and delivering honest advice since 2011.
