Dynamic currency conversion is a service that allows EVO UK merchants to offer international Visa and MasterCard cardholders the option to pay in their home currencies, allowing them to see the true cost of their transactions at the time of purchase rather than when their credit card bill arrives. EVO UK offers this currency conversion service in over 30 currencies from all over the globe.
How does DCC work?
Authorisation
Your EVO Terminal will automatically identify international credit and debit cards during the authorisation stage.
DCC Offer
If EVO identify an international card, your customer may be offered the choice to pay in their home currency. To assist them in their choice, your customer will be able to view the foreign exchange rate, margin and final price so they can choose whether to pay in the local or home currency.
Settlement
Regardless of the choice your customer makes, EVO will always settle the transaction in your terminal currency, for the full sale amount.
Rebate
At the end of each month, EVO will calculate a rebate payable as a credit to your merchant services statement in respect of DCC transactions processed on your terminal.
Benefits for your business
Business Benefits
More choice for your customers
Your international customers can use your EVO terminal to pay in their home currency without you having to worry about foreign exchange rates or handling multiple currencies.
Accept a wide range of currencies
Your EVO terminal has been configured to handle all major currencies – over 40 in total.
Earn a rebate
We will credit you a rebate on your EVO statement, subject to the terms and conditions in your Payment Acceptance Agreement.
Customer Benefits
Price transparency
Your customer enjoys full transparency of foreign exchange costs.
Choice
Customers have the choice to select to pay in their home currency to accept the exchange rate and convert the transaction immediately. This is the final price in the customer’s currency.
Nothing is hidden
Each receipt shows the amount in euro, the conversion rate, and the amount in the customer’s home currency.
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