Make sure you are getting the maximum revenue from your Opayo card machines with these two simple services.
Dynamic Currency Conversion (DCC) also called Cardholder Preferred Currency (CPC) is a service that lets VISA and MasterCard cardholders carry out international credit card transactions in their own currency. You will still continue to receive the settlement in your own currency.
In a typical DCC transaction, the merchant still pays in their local currency, but by locking in the foreign exchange levy at the point and time of sale, the merchant also shares in the additional revenue generated from every transaction.
This service is very attractive to any business with a high percentage of foreign credit card transactions. Opayo have integrated with a number of major DCC providers in both the UK and Ireland.
This service is available for visitors to the UK or Ireland who reside outside the EU. They are allowed claim back VAT on goods purchased in the UK and Ireland, provided they leave the EU within 3 months of making the purchase.
Opayo is partnered with a number of tax free service providers in both the UK and Ireland. We have developed TFS applications that detect Tax Free eligibility to simplify the process of claiming back VAT. As a result, the TFS providers return a portion of the VAT to you, generating an additional revenue stream.
