ARE INTERNATIONAL CUSTOMERS IMPORTANT TO YOUR BUSINESS?

Enhance service to international customers to increase sales, generate repeat business and instill customer loyalty

Ustransacts’ Foreign Card Rebate Program powered by Planet Payment® Dynamic Currency Conversion (DCC), is an innovative new service that gives your international customers the choice to complete credit card purchases in their home currency at the point-of-sale (POS). Compared with the traditional approach to foreign exchange conversion, where the final charge amount is unknown and can take weeks to process, DCC provides informed and confident transactions for you and your international cardholders at the time of purchase. In addition to the service benefits of DCC you can enjoy transaction rebates as part of the UStransact Foreign Card Rebate Program.

Additional benefits include:

    • Less risk on foreign exchange conversion. Settlement is completed in U.S. dollars at guaranteed daily exchange rates
    • Reduce cardholder inquiries and chargebacks
    • Increase revenues from currency conversion commissions
    • Integrated into your existing card processing environment

TODAY’S BUSINESS IS GLOBAL BUSINESS, INCREASE SERVICE TO IMPORTANT CUSTOMERS BY OFFERING THEM A PERSONALIZED PAYMENT EXPERIENCE

With DCC, cardholders know instantly at the time of purchase what the total charge
amount will be in their own currency, eliminating all confusion regarding conversion amounts.

When given the choice, 90% of all cardholders elect to pay in their home currency.

Your customers will appreciate the superior service they receive, as well as the ability to choose their form of payment. Cardholders receive a competitive rate to traditional back-end foreign exchange (FX) rate conversion or retail hard currency monetary exchange.

Planet Payment DCC supports currencies that represent over 80% of all U.S.-Initiated foreign transactions including:

  • Australian dollar (AUD) ($)
  • British pound (GBP) (£)
  • Canadian dollar (CAD) ($)
  • Euro (EUR) (€)
  • Japanese yen (JPY) (¥)
  • Additional currencies in proces
How it works:
  • Non-U.S. issued Visa® and MasterCard® credit cards are identified when the card is swiped at the point of purchase.
  • Your POS device then obtains the foreign exchange rate and converted currency transaction amount.
  • Cardholders are given the option to complete the transaction realtime in their home currency, or in U.S. dollars with the conversion applied later.
  • If the cardholder elects dynamic currency conversion, the transaction is completed in the cardholder’s home currency.
  • The customer receipt is printed with the transaction amount and foreign exchange rate applied, as well as the original amount in U.S. dollars.
  • The transaction amount printed on the receipt is the same as the amount that will be reflected on your customer’s billing statement.

Contact UStransact today to find out how DCC and the Foreign Card Rebate Program can help your business.

 

 

 


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UStransact, LLC is a registered ISO/MSP of BMO Harris Bank, N.A., Chicago, IL