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We're excited to introduce the enhanced version of our automatic currency converter! Now, it's even more flexible and convenient for PSPs and banks looking to optimize payment processing while unlocking new revenue opportunities.
Previously, our auto converter allowed automatic translation of the payment currency into the processing currency (the one expected by the acquiring bank or payment provider). It relied on Open Exchange Rates, but the average market rate did not always align with our clients' specific needs.
Now, we've expanded its capabilities in two key areas:
We're no longer limited to Open Exchange Rates. PSPs can now choose their preferred exchange rate source, including:
This provides greater flexibility in managing exchange rates, ensuring that currency conversion aligns perfectly with your business requirements.
Now, PSPs can set their own markup on the base exchange rate. What does this mean?
Greater control over exchange rates and transaction fees
Higher profits from currency conversion operations
Freedom to integrate with the most suitable exchange rate provider
The enhanced auto-currency converter is already available in your account. Ready to start using it? Simply request integration with your chosen rate source, and we'll configure everything to fit your needs!
