Here at Continuum, we work with you to gain extra revenue for your business without increasing your base price or affecting your competitiveness.The extra Dynamic Currency Conversion (DCC) revenue grows as your business grows – the more you sell the more extra DCC revenue you earn. Your customers will have the ability to pay in their own currency which is a great customer service benefit, particularly if they have been surprised by payment amounts on their billing statement in the past.Your business travel customers will be particularly happy that you have freed up their time from reconciling the amount on their receipt from the amount on their card statement for their expenses claims. With our service, the receipt and card statement match – so the administration time on expenses is greatly reduced.

 

What is Dynamic Currency Conversion?
The dynamic currency conversion (DCC) service allows an offer to be made to a cardholder to pay either in the original pricing currency and amount, or in the billing currency and amount of his own card. A DCC offer will only be made when the billing currency of the customer’s card has been identified, and only if that billing currency can be accepted by the merchant.The DCC offer will only present one alternative payment currency to the cardholder – that of his card – in addition to the original pricing currency. The DCC exchange rate will contain a margin %, which is the DCC profit. The DCC service is regulated by Visa and MasterCard, so Continuum’s service and each merchant implementation adheres to these card scheme regulations.
Dynamic Currency Conversion Example:
A typical method of display of a DCC offer on the payment page is shown here. The price is in AUD currency, with an offer to pay in the customer’s card currency USD. This offer would normally be shown immediately below the payment details entry section on the payment page, and would appear dynamically on the page when a DCC offer can be made.

 

 

How Multi-Currency Pricing Works
The multi-currency pricing (MCP) service is not regulated by the card schemes since it is a merchant re-pricing mechanism unrelated to the cardholder’s payment card. An MCP offer presents a list of many payment currencies to the cardholder, with their corresponding amounts. Each currency in the list must be a currency accepted by the merchant for payment. The cardholder’s card billing currency may or may not be included in the list, and indeed the original pricing currency may or may not be included in the list. And the display order of currencies in the list may be chosen by the merchant. All of this is easily configurable within Continuum’s platform.
Multi-Currency Pricing Example:
A typical method of display of an MCP offer on the payment page is shown below. When the customer clicks the Payment Currency selection drop-down list, a list of available payment currencies is shown.
And it looks like this when the customer chooses their payment currency:

 

To understand where the DCC profit is generated, lets consider an example where goods are priced in USD, and purchased by a European customer:

 

Benefits For You
Gain extra revenue for your business without increasing your
base prices or affecting your competitiveness.
The extra DCC revenue grows as your business grows – the
more you sell the more extra DCC revenue you earn.
Your customers will see the ability to pay in their own
currency as an important customer service facility, particularly if they have been surprised by payment amounts on their billing statement in the past.
Your business travel customers will be particularly happy
that you have freed up their time from reconciling the amount on their receipt from the amount on their card statement for their expenses claims. With our service, the receipt and card statement amounts match – so the administration time on expenses is greatly reduced.
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