What is Multi-Currency Conversion?
When international customers are shopping online in a currency they are not familiar with, they are often unaware of what the final transaction amount will be. This situation may increase chargeback risks for merchants. Payvision has created a solution that will overcome the currency barrier and prevents chargeback risks by making customers feel as if they are shopping in their own country and in their own currency. Facilitating Payvision’s geo-location technologies, Payvision MCC can automatically deliver country-specific currencies or redirect to country-specific websites. Payvision MCC enables merchants to gain additional profits by identifying a credit card’s country of origin and offering the customer a choice between their home currency or the merchant’s local currency. The Payvision MCC solution immediately accesses current exchange rates and calculates prices in the requested currency. The buyer then selects the transaction currency of choice and final settlement will occur in
