What does DCC mean?
With Dynamic Currency Conversion (DCC) you offer a convenient service to your international customers:
They have the option to pay directly in their respective home currency. This makes your customers feel at home with you!
YOUR ADVANTAGES AS A MERCHANT
Additional income
Attractive commissions allow you to earn money on every single DCC transaction.
Service for your customers
You gain access to new high-paying business and international customers.
Numerous currencies
Benefit from our wide range of up to 49 different currencies.
Benefits for your customers
- Better cost control through payment in known home currency
- Security and confidence through familiar payment method
- Competitive through daily updated exchange rate
- No subsequent conversion fees
- Conversion fee already included in the exchange rate
- Simplified expense reporting for business travelers
PAYMENT METHODS
If payment is made with a Visa or Mastercard credit card and the card currency is one of the currencies we support, the DCC option is desplayed on the terminal.
HOW DCC WORKS
Dynamic Currency Conversion is a service provided at our terminals and means that conversion into your customers' home currency can take place immediately and at the current exchange rate.
A device with DCC function recognizes the currency of the credit card used and offers DCC automatically. Your customers can then choose for themselves on the screen whether they want to pay directly in their home currency using Dynamic Currency Conversion (DCC) or in the local currency without DCC.
For you and your staff, this means that payment transactions remain as simple as ever. And thanks to settlement in the desired merchant currency, there is also no additional work for your accounting department.
What is the difference between a DCC transaction and a local currency transaction?
.
Card/foreign currency payment
- Instant conversion with daily updated exchange rate through our in-house solution
- Conversion fee for cardholder is already included
- Cardholder knows exactly what amount will be debited at the time of payment
- Merchant gets additional revenue through the conversion fee
Local merchant currency payment
- Conversion takes place a few business days later by the card-issuing bank
- Conversion fee is additionally deducted from the account
- Final price in home currency is unknown at the time of the transaction
- Credit card issuer earns money on the conversion
Downloads for retailers
Q&A ABOUT DCC
- What does DCC stand for?
DCC stands for Dynamic Currency Conversion.
- Which credit cards does DCC work with?
DCC works with Visa, Visa Debit, V PAY, Mastercard, Mastercard Debit and Maestro.
- Where does the DCC exchange rate come from?
The exchange rate is provided daily by the major Swiss banks or Reuters.
- Is there a fee for DCC transactions?
There is a conversion fee. This is already included in the exchange rate and is borne exclusively by the credit card holder. There are no DCC conversion fees for you as a merchant.
- Why is there a conversion fee?
DCC is a service with exchange rate risk. Part of the conversion fee serves to absorb the risk borne by PAYONE. Credit card issuers charge a similar conversion fee for card transactions abroad.
- What do I get as a merchant from DCC payments?
With this service, you offer real added value to your clientele. In addition, part of the conversion fee goes back to you as a merchant as an attractive financial kickback. Thus, you secure additional revenue for yourself.
- What do I need to bear in mind for DCC transactions?
You must inform the cardholders about DCC before the transaction.
In addition, cardholders must always have the choice of paying with or without DCC.
* Required field