Dynamic Currency Conversion

People from all over the world visit the United States for vacations, business trips, and educational and medical services. Typically, credit card payments are made in U.S. dollars and converted later to the buyer’s home currency, with the cardholder paying a conversion fee. Now, there’s a smart alternative: Dynamic Currency Conversion (DCC) from Elavon.

How DCC Works

With Elavon’s DCC service, international Visa^® and MasterCard^® cardholders will have the option to pay for goods or services with these credit cards in their home currency. Purchases are converted instantly at the point of sale (POS) to the cardholder’s home currency, at a very competitive exchange rate — eliminating unpleasant surprises for consumers when their credit card bill arrives upon their return home.

Benefits You Can Bank On

• New Source of Revenue – When you process DCC transactions through Elavon, you get back a portion of the foreign exchange conversion fee as a rebate on your monthly statement.
• Improve Customer Service – International customers know exactly how much they are spending in their home currency.
• Seamless Process – You as the merchant have one statement and one point of contact for all payment processing services
• Complete Solution – The only end-to-end closed-loop network offering in the U.S. From direct treasury exchange rates and transaction processing, to back-end reconciliation, settlement, funding and support.
• Unmatched Experience – Elavon has been a leading provider in Europe for the past several years and has implemented the same technology in the U.S.
• Fewer Chargebacks – The customer’s credit card is billed in exactly the amount that appears on their receipt — no surprises.
• Many Currencies Accepted – Australian Dollar, Canadian Dollar, Euro, Japanese Yen & British Pound

Getting Started

To find out more about merchant services, contact us at (888) 455-5050 or speak with your City National Bank representative today.