Global Payments Dynamic Currency Conversion

Improve Customer Satisfaction by Offering Dynamic Currency Conversion

Dynamic Currency Conversion enables merchants to provide customers a final payment amount and accept a card payment in their native currency. By processing transactions in a customer’s native currency, concerns about any subsequent processing for foreign-exchange conversion are eliminated.

It is a powerful enhancement to your Global Payments gateway giving the customers additional options during the purchase.

An improved checkout payment experience

It is a powerful enhancement to your Global Payments gateway giving the customers additional options during the purchase. The payment gateway detects customer’s credit card currency automatically and immediately calculates the corresponding amount using the dynamic interbank exchange rate. The amount and the applied rate are shown on the checkout page with the possibility to choose either of the two options. Customer is presented with exchange rate and the final order amount in customer’s credit card currency. With the Realex Payments Dynamic Currency Conversion Add-on extension, you give your customers flexibility in choosing the payment currency depending on their preferences. Such flexibility creates great user experiences and inspires customer loyalty.

The payment gateway detects your credit card currency automatically and immediately calculates the corresponding amount using the dynamic interbank exchange rate. The amount and the applied rate are shown on the checkout page with the possibility to choose either of the two options.

Advanced Magento Admin experience

The web store admins also see whether a different currency was used. The Order and Account Information showing the summary of each order, displays which currency was used and which exchange rate was applied.

Enhanced configuration settings

With the advanced extension’s configuration settings an admin user can configure whether the Dynamic Currency Conversion feature is enabled on a storefront checkout payment’s page. Once enabled, a customer will be able to see a “Pay in your own currency” section below the Credit Card forum. The title of the Dynamic Currency Conversion block can also be changed to match the business requirements. In addition to this, an admin user can select the currency conversion processor. The “fexco” currency conversion processor is selected. An admin user can choose between the “fexco” or “euroconex” processors.

The new DCC module is to be installed together with the Global Payments extension. It is enabled and configured as part of the Global Payments configuration.

With the Dynamic Currency Conversion module, you are giving your customers flexibility in choosing the payment currency depending on their preferences. Such flexibility creates great user experiences and inspires customer loyalty.

If you have any questions about installing and configuring the Dynamic Currency Conversion extension, do not hesitate to contact our support engineers who will be happy to help you.