YESpay's EMBOSS is the first to launch Dynamic Currency Conversion (DCC) as a standard part of its EasyV-Retail payment solution. It can integrate into
any PC-based Point-Of-Sale (POS) retail system. The EasyV-Retail payment client is now integrated with both DCC and Tax Free Shopping functionality
bringing a win-win situation for both the retailers as well as their overseas shoppers! DCC is ideal for high-value item retailers operating in areas with
significant flow of international travellers throughout the year or seasonally.
Benefits for Merchants
- Automation: Automatic recognition of foreign cards
simplifies DCC payment processing for the till operator.
- Goodbye to standalone devices: EMBOSS DCC service
is a simplified option as it integrates seamlessly
with the POS standard Chip & PIN Pad preventing
the merchants from switching to a standalone PIN Pad
to perform DCC transactions.
- Ongoing revenue stream: Merchants earn up to 1%
extra margin from DCC transactions. The DCC
conversion process shares the currency conversion
margins between the merchant, its acquirer, YESpay
and the DCC transaction processor.
- Positive effect on charge-backs: There is substantial
reduction in the possibility of charge-backs on
purchases made with foreign credit cards.
Benefits for International Shoppers
- Simplicity: Shoppers can pay in their home currency and claim VAT refunds
at Customs while leaving the UK. Printed tax-free forms (optional) can be
provided in less than 10 seconds.
- Transparency: Overseas shoppers know the exact amount in their native
currency, without any hidden fees. The receipt provided at the POS matches
exactly the amount that eventually appears on their card statement.
- Immediacy: The amount in the shopper’s native currency is disclosed
immediately. This is especially beneficial to business travellers claiming
travel expenses or low-budget travellers calculating their expenses on
- Choice: Shoppers can view the exchange rate being used to convert
the transaction to their native currency and make an informed decision.
- Peace of Mind: Foreign travel can be intimidating and stressful! Travellers
appreciate the peace of mind that comes from knowing the exact cost of a purchase
in their native currency.