After helping foreign customers to pay in their home currency in the automatic payment terminal, the service DCC - Currency Conversion will now also be available in a wide range of colours. online solutions of REDUNIQ.
Thus, in a transparent, informed and secure manner, businesses can become receive payments from customers all over the worldREDUNIQ also offers a wide range of services, whether in-store or online, without any barriers or complications and with the added bonus of receiving additional revenue, since REDUNIQ shares the markup with the business.
In simple terms, the "markup" is the amount paid by the cardholder when they convert currency in a DCC transaction and which replaces the amount that would be charged by the card issuer in the event of a non-DCC transaction.
This amount is intended to compensate the financial entities involved for the risks and costs associated with this conversion and its value differs according to the currency of origin.
How does DCC - Currency Conversion work?
The process by which your physical or online business receives payments in foreign currency is simple. Through the payment terminal or online payment pages, the DCC - Currency Conversion feature recognises the currency of origin of your customer's card and, if the payment is eligible for DCC, the amount is displayed in the currency of origin and in euros, as well as the exchange rate. In the end, it's up to the customer to decide which currency they prefer to pay in.
It's important to note that the solution is the same whether it's a face-to-face payment or an online payment, only the user experience changes.
Advantages of DCC - Currency Conversion for your Business
- It allows you to receive payments in foreign currency simply and securely;
- Available on the REDUNIQ terminal and online solutions;
- Additional revenue due to the financial incentive;
- Offering a value-added service to its customers;
- It does not change the card payment method.
Advantages of DCC - Currency Conversion for Tourists/Customers
- You can choose the currency in which you want to pay;
- Transparency in currency conversion;
- Certainty of the amount to be paid, allowing spending to be controlled.
Find out more about the potential of the DCC in this video:
In DCC we mean
If the invoicing in foreign currency DCC allows the client's portfolio and its means of physical payments or online paymentsREDUNIQ goes even further in bringing tourists and businesses closer together.
To ensure that communication doesn't get in the way, REDUNIQ offers your business a range of communication materials in several languages so that you can advertise the advantages of the DCC service to tourists visiting your establishment.
Your business with its doors open to the world. Do you accept?
