Dynamic currency conversion (DCC)

DYnamic currency conversion

create more value with Dynamic currency conversion (dcc)

WHAT IS DCC?
DCC is a currency conversion solution when the transaction itself takes place. It makes foreign customers who pay with Visa or MasterCard will get possibility to pay in own currency or local currency. When customers choose to pay in their own currency, your company receives a commission of 1% of the transaction value. 

The exchange rate is set online by Reuters and updated 
several times during the day. 

AVAILABLE CURRENCIES
DKK, SEK, NOK, GBP, EUR, USD, JYP 
and CHF

COMMISSION TO YOUR COMPANY
Example: With a turnover in foreign currency of DKK 5 million. you will potentially be able to increase your turnover by DKK 50.000. 

Our experience is that approx. 70% of all cardholders choose to accept the DCC offer. This actually means an increase in your turnover of DKK 35.000 per. years in the form of DCC commission. Once your terminal is set up for DCC, it all runs automatically.

NOW WITH BEST RATE GUARANTEE
We guarantee to be able to offer the best available exchange rate. If the customer experiences that the exchange rate is less favorable than that offered by their own bank, a claim can be made to Nets to get the difference well done. 

BUSINESS BENEFITS WITH DCC

  • Boost revenue
    Get 1% of the transaction value when your customers pay with their own currency. 
  • Easy and simple
    Automatic settlement of your DCC commission
  • No extra costs
     There are no extra costs compared to your existing agreement.

CUSTOMER BENEFITS WITH DCC

  • Transparency
    No hidden costs, no currency risk - the customers
    looks at the exact transaction amount in their local currency
    the time of purchase.
  • More accurate travel settlements
    Business travelers will be able to perform more accurately faster
    travel settlements
  • Easier to compare prices
    Easier for customers to compare prices with pricesin the home country

ORDERING
Contact us today and get a non-binding offer for your needs. 

How do you use dcc?

STEP 1

The customer uses his payment card

STEP 2

The payment terminal indexes that the card is from abroad.

STEP 3

The clerk asks if the customer wants to pay with his own currency or in local currency.

STEP 4

If the customer chooses his own currency, you will receive a commission of 1% of the transaction value.