Foreign Exchange


Foreign Exchange

 
Dynamic Currency Conversion (DCC)
DCC is service that enables payment card cardholders to make international card purchases or transactions in their own currency. The conversion of the purchase price of goods or services from the merchant’s local currency to the cardholder’s home currency occurs at the point of sale at the quoted exchange rate from a cited exchange rate source.

DCC Transaction Flow

  • Perform an enquiry DCC rate request using a PAN and Amount to the iVeri Gateway 
  • Merchant presents the returned DCC rate offer to the customer
  • Perform a transaction using the customers elected currency