Retailers are continuously challenged to identify new & novel ways of attracting international shoppers and improve their customer service offering. Dynamic Currency Conversion (DCC) can help by providing upfront foreign exchange conversion for their international shoppers.
DCC offers your international shoppers the choice to pay for their purchases in their home currency, instead of the domestic currency of where they are making their purchase. DCC allows your international shoppers to view the final sale amount of their purchase in a familiar currency.
Merchants offering Fexco’s DCC service through POS devices, integrated devices or online solutions drive real value and significantly enhance the international cardholder experience.
DCC in retail environments has proven to be an enormous success. Not only does it drive real value for the merchant but significantly enhances the cardholder experience.
Fexco’s DCC retail solution is offered successfully across a broad spectrum of retailers ranging from High End High value merchants through to Fast Moving Consumer Goods (FMCG).
Benefits to Retailers and Shoppers
Benefits to Retailers
DCC generates an additional revenue stream from existing international transactions.
Zero FX Risk
There is no foreign exchange risk for the Retailer – this is fully managed and absorbed by Fexco.
Guaranteed Commission Share
Fexco’s Fully Managed Treasury Solution guarantees the Retailer their agreed commission.
Real Time Reporting
Full suite of reconciliation reports to support daily settlements — no delay in understanding settlement amounts due from card schemes.
Access to Fexco’s online reporting system allowing detailed analysis of DCC operations.
Benefits to Shoppers
Experience instant conversion to a familiar currency.
Cardholders are given the choice to pay in their home currency with full disclosure of exchange rate and margin.
Cardholders enjoy a competitive foreign exchange rate.
No Additional Cost
DCC is not an additional cost or fee; it simply replaces the normal currency conversion process applied by the card schemes and issuers.
Fexco Dynamic Currency Conversion Details
Registered address: Fexco Centre, Iveragh Road, Killorglin, Co. Kerry, Ireland