Dynamic Currency Conversion for ATMs: A Traveler's Best FriendPAI – Nov 15th, 2013
Dynamic Currency Conversion (DCC) allows a foreign cardholder to process their ATM transaction in their home country's currency, allowing the user to see all of the transaction fees in a currency they know and understand. So when a person from the UK is visiting the United States, they can see exactly what the transaction will cost them in Pounds rather than Dollars. By doing this, they don't have to guess the exchange rate or attempt to figure out the math while standing at the ATM. It creates a crystal clear picture of the transaction in a currency they recognize, so there are no surprises later on.
An Untapped Source of ATM Income Potential
For the ATM owner, Dynamic Currency Conversion offers a way to generate a brand new stream of income. With each DCC transaction, you are entitled to 2% of the total withdrawal amount in addition to the normal surcharge and intercharge. For ATM owners who have machines in popular tourist spots, cultural areas or airports, adding Dynamic Currency Conversion could add a significant amount of income to their ATM route with no upfront costs.
Dynamic Currency Conversion is offered exclusively by Payment Alliance International and is open to all customers at no additional cost. While all new ATM machines from PAI are ready for the Dynamic Currency Conversion software, some older machines may require a keypad upgrade to take advantage of this convenient tool. Contact a PAI representative to find out if your machine is ready for the DCC software or if a keypad upgrade will be required.
Do you currently have Dynamic Currency Conversion installed on your ATMs? If so, share your experience with us on Facebook or Twitter!
ADDITIONAL ARTICLES IN THIS CATEGORYImprove the bottom line of your ATM Business with Dynamic Currency Conversion
Manage Vault Cash: How to Operate Your ATM Route More Efficiently
Three reasons to consider blogging to grow your ATM Business
Locking Down Great ATM Locations at High Margins
Helpful Facebook Tips for your ATM Business
Free Social Media Tools for your ATM Business
Social Media Tips for your ATM Business
Growing Your ATM Business through Sub Distributors
Five Twitter tips to help you grow your ATM Business
Four Tips to Grow your ATM Business with LinkedIn
Wired or Wireless ATMs?
Why you should never place an ATM without a contract
Announcing Gregory Sahrmann's new role with the ATM Industry Association
Four Simple Tips to Make Your ATM Stand Out
S.M.A.R.T. Goals for Your ATM Business
BECU Partners with Payment Alliance International
ATM Maintenance: 4 Tips to Winterize Your ATM
9 Tips to Keep You Safe at ATMs
4 Questions to Help You Find the Best ATM Locations
Top 5 Benefits of ATMs at Your Business
Spring Clean Your ATM
Why Is There Braille On Drive-Thru ATMs?
Tips for Installing Your First ATM