Give your customers the option of paying in their currency of origin and get more out of every transaction.
The sharp growth of tourism in Portugal has led to a need for businesses to adapt in order to keep up with and respond to the demands and characteristics of tourists, particularly with regard to payments.
This is where DCC of REDUNIQ.
DCC - no barriers when paying
O Dynamic Currency Conversion (DCC) is a payment option that allows international customers, holders of foreign cards, to make purchases from your company, with the choice of paying in the card's home currency or in euros.
Start accepting payments in all major currencies with REDUNIQ
A REDUNIQ has a solution that allows you to accept card payments in the main currencies: the REDUNIQ DCC. This service accepts Visa and Mastercard international cards.
How does it work? Firstly, the payment terminal automatically recognises whether the customer's card is issued in one of the convertible currencies - the DCC service accepts cards from the international Visa and Mastercard systems. Then, if the payment is eligible for DCC, the TPA displays the amount in the currency of origin and in Euros, as well as the exchange rate to be applied.
By following the instructions on the terminal display to finalise the payment, the cardholder may or may not choose to convert the currency. If so, the customer must sign the slip confirming their choice to pay in the card's original currency.
The process is very simple and transparent, and the final decision rests solely with your client.
Advantages of REDUNIQ DCC for my business
In addition to attracting international clients and be prepared to receive tourists in your companyIt also provides the necessary conditions for them to be able to make payments without any difficulty or worry.
One of the advantages of REDUNIQ's DCC service is the additional financial incentive for your business. This remuneration or financial incentive resulting from the volume of converted transactions is credited to your account on a monthly basis.
The incentive, calculated on the converted billing, comes from replacing the fees that the card user normally pays to the banks with a service commission to the DCC service providers, who share these earnings with your company.
However, there is no link between DCC remuneration and merchant service fees. The service fees remain those contracted with REDUNIQ. The DCC financial incentive is additional revenue that is shared with you. The more DCC payments you accept at your establishment, the more revenue you generate.
It's not just your business that will benefit from REDUNIQ's DCC, your customers will appreciate it too. By being transparent, this feature creates a great shopping experience and, as a result, you get happier customers.
They will be able to pay in a currency they trust and be sure of the final amount they will be paying for your product or service, including the fees associated with conversion!
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