Dynamic Currency Conversion (DCC) is a service that gives your international customers the convenience and choice to pay the bill in their own currency rather than in Euro. You’ll receive a rebate from BOI Payment Acceptance with each DCC transaction, so the more international business you do, the more you grow your revenue.
Your BOIPA Terminal will automatically identify international credit and debit cards during the authorisation stage.
If BOIPA identify an international card, your customer may be offered the choice to pay in their home currency. To assist them in their choice, your customer will be able to view the foreign exchange rate, margin and final price so they can choose whether to pay in the local or home currency.
Regardless of the choice your customer makes, BOIPA will always settle the transaction in your terminal currency, for the full sale amount.
At the end of each month, BOIPA will calculate a rebate payable as a credit to your merchant services statement in respect of DCC transactions processed on your terminal.