When it comes to accepting international cards, allow Streamline to make a world of difference
- Does your business see over £50,000 in international transactions per year?
- Do you see a high footfall from international cardholders?
- Is your business part of the tourism industry?
If you answered yes to these three questions you could be eligible for our Cardholder Preferred Currency service (CPC).
CPC is a highly innovative service which allows your international customers the option of paying in their own currency, whilst allowing you to settle as usual in sterling.
You can offer your cardholder a choice of five currencies:
- US Dollar (USD)
- Australian Dollar (AUD)
- Canadian Dollar (CAD)
- Euro (EUR)
- Japanese Yen (JPY)
How does it work?
CPC is provided through your existing point-of-sale terminal. The transaction is processed normally however the terminal recognises the overseas-issued card and offers the appropriate currency at the point of sale. The customer then chooses whether to use that currency or sterling.
If the customer chooses the foreign currency we apply a margin of 2.5% and this will be displayed on the terminal as part of the total amount charged. The customer will not incur any further charges later so there are no surprises when they get their statement.
If the customer chooses sterling, they will still be subject to foreign exchange charges by their card issuer and they will be exposed to exchange rate fluctuations in the normal way.
What's in it for me?
The choice of currency is a real benefit for your customer, enhancing your customer service. At the same time you will save money as for every transaction that is processed through CPC you will receive a discount to your Merchant Service Charge for that transaction.
CPC Support
You will receive a terminal user guide plus a point-of-sale explanation of CPC in multiple languages, to help you and your customers understand CPC. Helpdesk support will also be available if required.
Sign up for CPC today
If you would like to find out more about CPC, please call
0800 01 01 66.
Or Complete our simple form - We will respond within 72 hours and in as little as one week you could be offering your overseas customers greater choice and at the same time reduce your business costs.
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