Multi-Currency Service/Dynamic Currency Conversion
CyberSource Multi-Currency Service allows online sellers to offer local currency pricing to their customers while eliminating currency conversion risk for both themselves and their customers. The buyer's credit card bill will reflect exactly the merchant's checkout price, and merchants will receive exactly their expected revenue when using this service. As a result the merchant eliminates foreign currency conversion risks and reduces the level of customer disputes over credit card billing amounts. Currency conversion and exchange rate management is provided via integration with E4X Inc. currency management services. Download datasheet.
Key Features
Settle in currency of choice and eliminate banking hassle
- Receive settlement in USD or any traded currency (merchant choice)
Freeze prices on local currencies for any interval
- Daily, weekly, monthly and yearly
- Rate guaranteed at time of authorization (even covers returns)
Dynamically set prices in local currencies
- Prices can be set dynamically based on base currency
- Final prices can be displayed in: Australian Dollar, Canadian Dollar, Euro, Japanese Yen, Norwegian Krone, South African Rand, Swiss Franc, British Pound Sterling, Danish Krone, Hong Kong Dollar, New Zealand Dollar, Singapore Dollar, Swedish Krona
Detailed multi-currency reporting
- Web reporting system displays all global transactions / currencies
- Consolidated report - all currencies and fees in one report
- Full disclosure on each transaction
- Integrated data from CyberSource reports
- User-friendly web interface
Key Benefits
- Eliminates currency conversion risk; even for returned goods
- Guarantees the price customers will pay
- Minimize disputes and chargebacks resulting from price discrepancies
- Eliminates multi-currency banking hassles with one settlement account
- Automatically displays prices in local currencies on merchant site
- Easily reconcile worldwide payments with one detailed report
- Easy to implement - uses CyberSource Payment Services connection (API)
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