Let your foreign customers pay in their own currency
DCC ("Dynamic Currency Conversion") or Dynamic Currency Exchange, is a solution for exchanging currency directly at the time of payment. Foreign customers paying with Visa or Mastercard are offered to pay in their own currency instead of merchant local currency. As usual, you as a merchant receive your money paid out in local currency, while you earn 1% of the transaction value in extra exchange commission.
What is DCC?
DCC is a solution for currency conversion at the time of the transaction. Foreign customers paying with Visa or Mastercard will be presented with the option of paying in their own currency or the local currency. When the customer choose to pay in their own currency, the payment is made, for a fee*, at a current exchange rate which is presented in the terminal. The exchange rate is delivered online by Nets and is updated several times a day.
All major currencies can be exchanged with DCC, such as NOK, DKK, SEK, USD and GBP. In total, Nets offers exchange of about 50 different currencies and when you activate DCC, all these currencies will be available for exchange.
Example of the commission: With EUR 1 million in card turnover on foreign cards, the maximum extra exchange commission will be 1%, i.e. EUR 10,000. If 70% of your foreign customers choose to accept DCC and pay in their own currency, in this case this means an additional revenue to you of approximately EUR 7 000. The commission is paid from Nets to you and all you need to do is activate DCC in your terminal. The rest is taken care of by the Nets.
*The total exchange fee amounts to 3,75 % of the transaction amount
What are the benefits of DCC for your customers?
Contact us
Do you also want to give your foreign customers even better service and at the same time increase your income?
Contact Nets customer support at +45 44 89 24 80 and choose “2” for technical support, and we will help you. Together we will find the best payment solution for your business.