Benefits to Merchants
New, ongoing revenue stream from every DCC transaction
Offers merchants a competitive edge in the marketplace – the opportunity to attract new international Visa and MasterCard cardholders
Your customers can pay in different currencies, while you can use only one settlement account in your home currency, as till now
Easy to use: GP webpay payment gateway does it all while providing a familiar shopping experience
Payments details of your DCC transactions will be displayed in GP webpay portal, Merchant portal and on your regular statement report
Payment process with DCC
1.
Display of DCC offer – the cardholder chooses her/his transaction currency and submits with “Pay” option.
2.
After the successfully finished payment, the GP webpay payment gateway show the customer receipt. The receipt is shown in a new “pop-up” window. The same receipt is sent also to cardholder’s email address, if it was inserted previously in the payment page.
Note: To show the receipt “pop-up” correctly, some browsers may require adding GP webpay URL address to the list of allowed addresses.
What are the advantages of DCC payments compared to the foreign currencies payments?
| DCC payment | Foreign currency payment | |
|---|---|---|
|
Operation principle |
payment is initiated by merchant in CZK DCC service converts the amount to cardholder’s currency cardholder pays in his/her currency based on the card merchant is settled in his currency (CZK) |
payment is initiated by merchant in foreign currency cardholder pays in the currency selected by the merchant the merchant is settled in the foreign currency |
|
Revenue for the merchant |
revenue share from foreign exchange creates new and ongoing revenues |
none |
|
Payments without exchange risk |
foreign exchange is provided by payment gateway, who’s provider bears the FX risk |
merchant bears the FX risk |
|
Zero costs on exchange and foreign currency accounts administration |
none |
merchant pays for the money conversions and for foreign currency accounts administration |
|
Simple administration and accounting |
merchant can stay with the one account in his currency (CZK) does not care about the money conversion from foreign currency accounts the clearly presented information about the DCC revenue for the merchant are available as a part of regular merchant statement DCC service supports tens of foreign currencies |
merchant must administrate foreign currency account for each supported currency. the count of supported currencies is limited. |
What should be done for the termination of foreign currency payment service for the specific currency and start of the DCC service for the currency?
Ask your sales representative to terminate the foreign currency payment service for a selected currency and start the DCC instead.
Benefits to Cardholders
No more surprises! When paying with DCC on GP webpay, you always exactly know what you pay before the payment confirmation.
Easy to use: The GP webpay payment gateway does it all while providing a familiar shopping experience
The offer of conversion to cardholder’s home currency is done automatically during every purchase
Exchange rates updated daily