Dynamic Currency Conversion
Let your foreign customers pay in their own currency
Would you like to increase your customer service to your foreign customers while at the same time boosting your income? With DCC from Nets you can offer foreign customers the oportunity to pay in their own currency, while still receiving settlement in your local currency. The service comes at no extra cost to you, in fact you will make money on it.
What is DCC?
DCC is a solution for currency conversion at the time of the transaction. The foreign customers paying with Visa or Mastercard will be presented with the option of paying in their own currency or the local currency. The exchange rate is online and updated several times a day. The available currencies* are: EUR, USD, CHF, GBP, JPY, SEK, NOK, DKK, AUD, CAD, PLN, ISK, CNY and RUB.
Example of the commision: With NOK 5 million in foreign turnover, the potential would be NOK 50,000. In our experience, approximately 70% of all customers choose to accept the offer of DCC. In real terms, this means an extra income of NOK 35,000 per year in DCC commission, which you automatically receive from Nets. Once your terminal is set up for DCC, everything is taken care of.
DCC benefits your customer
No hidden costs, no currency risk.
They can see the exact amount in their local currency at the time of purchase.
Business travellers will be able to complete more accurate travel expense reports quicker.
Easier for customers to compare the price with prices in their home country.
If the exchange rate is higher than what the cardholders own bank would provide, we refund the difference (Nets Best Rate Guarantee)
Lets get in touch!
If you want to know more about how we can support your business. Please fill in your contact information and we will get back to you, typically within an hour.