Glossary

Dynamic Currency Conversion (DCC)

Dynamic Currency Conversion is a service provided at the point of sale, offering international customers the option to pay for their purchases in either their local currency or the merchant's base currency when using Visa or Mastercard. This service is particularly advantageous for tourists and business travelers as it provides clarity on the exact amount they will be billed in their home currency.

Key Features and Benefits of DCC:

Revenue Sharing and Merchant Benefits:

In conclusion, while DCC offers benefits such as transparency and convenience, customers should be aware of the costs associated with the service, including the exchange rate margin. Merchants offering DCC should ensure that customers are fully informed about their options to maintain trust and transparency in transactions.

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