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| :: Cardholder Benefits. |
Benefits to Cardholder of Currency Conversion at the Point of Sale
- DCC gives cardholders a Choice to transact in the currency of their card.
- The cardholder knows exactly how much they are paying and can instantly see what the transaction will cost in their card currency. This is because the card currency is automatically recognised at the point of sale.
- Purchases can be made with increased confidence. International purchases may be less daunting as the cardholder is immediately aware of the purchase price in their own card currency. The confusion associated with transacting abroad is removed.
- Transaction receipts clearly display the exchange rate, local and foreign currency amounts.
- There are no surprises when the cardholder receives their card statement – the currency and amount that was agreed and verified at the point of sale is exactly what the cardholder is charged.
- The risk of fluctuating foreign exchange rates is removed - the exchange rate applied to DCC transactions is guaranteed.
- Up to date competitive exchange rates are applied to DCC transactions. The exchange rates applied are comparable with those used by Card Issuers, VISA and MasterCard.
- Both the International Conversion Margin and the exchange rate source are clearly displayed on VISA card transaction receipts. This margin is not an additional fee and replaces currency conversion charges normally applied.
- There are no further currency conversion fees or charges applied to DCC transactions.
- Business travellers can immediately submit expense reports knowing the exact amount of transactions undertaken abroad.
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