Dynamic Currency Conversion is a merchant provided service that lets you see your foreign card transaction in your home currency at the point of sale (POS).
- This service includes fees for the cardholder which is partly reimbursed by the merchant
- Increased revenue opportunities for merchants and increased customer service
- Less exchange rate risk for cardholder
- The merchant must inform the cardholder of the cost of the service and needs approval to use currency selection before completing a transaction
- The terminal/POS automatically detects if the creditcard is foreign and invites the cardholder to choose wheather to pay in ISK or the currency of their home country
- It is important to keep in mind that the merchant may not influence the cardholder´s decision
Contact our customer service at email@example.com if you want to know more about DCC or if you want this payment solution in your terminal.
Here you can read about DCC in icelandic.