PayFX | Currency converter for advertising credit card payments in foreign currencies

PayFX is a currency converter option built into PayGate payment gateway's product PayWeb and PayBill and provides merchants with the option to quote in foreign currencies and an easy and transparent way of handling currency conversion during credit card processing on the internet.

Benefits of Currency Conversion

Merchants can advertise in Foreign currency
Conversion to local currency is clear and transparent for cardholders
Settlement in local currency conforms to acquiring bank requirements
Currency Conversion and Credit card payment happen automatically
PayFX keeps the card holder on your site - no external currency conversion

Description of PayFX Currency Converter

When PayGate receives a transaction it determines whether currency conversion is required.
If so then it does the following...

Displays the currency conversion to the cardholder on the payment page
Converts the advertised currency to local currency at the current exchange rate
Processes the credit card transaction in local currency
Highlights the fact that currency conversion was required (and the relevant currency conversion rates used) on the 'receipt e-mail' sent to the card holder
Provides a link to a clear explanation of why currency conversion is required, and highlights the fact that due to the currency conversion, the card holder is likely to be billed a slightly different amount to the advertised price

Who should use PayFX Currency Converter?

Credit card merchants with a merchant facility who wish to advertise products and/or services on their web site in a currency which differs from their local settlement currency. For example: advertising in US Dollars (USD) and settle in South African Rands (ZAR)

Sign Up for PayFX Currency Converter

Please fill in the PayGate payment gateway Get Connected form and we will assist you to get a merchant facility at a suitable acquiring Bank.

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