What is FEXCO Multi-Currency Pricing?

FEXCO Multi-Currency Pricing (MCP) allows merchants to price goods and services in a number of foreign currencies whilst still receiving settlement in their chosen currency (ies). This allows the consumer to better understand the price of goods and gives them the choice of which currency to pay in. Typical applications for MCP are found across eCommerce environments with more recent developments in Cardholder Present environments through the use of interactive screens.

Multi-Currency Pricing enables merchants the option to offer its products and services in multiple currencies whilst being guaranteed settlement in their chosen base currency. The merchant is not exposed to any foreign exchange risks.

How does MCP work?

This is a sample MCP transaction flow where Payment Gateway/PSP integrates to FEXCO for rates provision. FEXCO also integrate to Online Booking Engines, acquirers and direct to merchants’ servers for rates provision.

  • 1Customer

    eCustomer accesses website and selects preferred currency from drop-down list.

  • 2Payment Gateway/PSP

    Payment Gateway/PSP collects rates from FEXCO once or multiple times a day. Alternatively, Payment Gateway/PSP can request rates per browsing session.

  • 3Website update

    Website updated to display all prices in currency selected by cardholder.

  • 4Customer

    Customer selects goods/services in preferred currency and submits payment in MCP currency.

  • 5Payment Gateway/PSP

    Payment Gateway/ PSP submits MCP transaction to acquirer for authorisation.

  • 6Acquirer

    Multi-currency authorisation for MCP transaction.

  • 7Website update

    MCP transaction completed and customer receives invoice/receipt in MCP currency.

Multi-Currency Pricing Treasury Process

Sample Treasury Process

Euro base merchant completes a MCP transaction for goods priced in USD.

  1. Visa/MasterCard Card Schemes settle EUR acquirer MCP transaction in USD.
  2. FEXCO Receives USD and returns to the Acquirer the guaranteed original pricing amount in EUR, plus guaranteed MCP commission.
  3. Acquirer settles Merchant original EUR Pricing Amount (less Merchant Service Fee (MSF)).

Merchant Vertical Markets

Our MCP solution is available across the following verticals:

MCP Benefits for Merchants and Cardholders

Merchant Benefits

  • New Revenue Stream

    Generate MCP revenue from existing international card transactions.

  • Grow International Customer Base

    Give international customers the convenience of shopping in a currency that they are familiar with.

  • Convert International Browsers into international Shoppers

    Customers’ confidence and comfort in the value of goods and services on offer increases when they can shop in their home currency.

  • mPOS Merchants

    VIP Customers can experience MCP on roaming or mobile POS devices during in-room check-in or personal shopping in high-end retailer’s.

  • Revenue Maximisation

    Captitalise on the total opportunity by offering MCP on more currencies. FEXCO distributes rates for nearly 1,000 currency pairs.

Cardholder Benefits

  • Choice & Comfort

    Cardholders benefit from knowing exactly how much they are spending in their preferred currency.

  • Competitive Transactions

    Cardholders enjoy a competitive foreign exchange rate.

  • Transparent Transactions

    Experience instant conversion to a familiar currency.

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FEXCO Merchant Services Details

Registered address: FEXCO Centre, Iveragh Road, Killorglin, Co. Kerry, Ireland

Call us on:

Ireland: 1800 402123
UK: 0800 838 441
International: +353 66 9761 258

Merchant Services Social Media Links: