23 March, 2016

Cash In On The World

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accept_credit_cardsE-commerce sales from around the world keep increasing, and you don’t want to miss out on a sale because you aren’t set up to accept different currencies. This is where Humboldt Merchant Services comes in to help open new avenues of revenue for you from around the world.

We can help you expand into other areas of the world by giving cardholders the ability to shop, view and pay in their own currency while you get paid in yours. Through the right partnerships, you can price all items you sell in more than 50 different currencies including Pound Sterling, Pesos, Canadian dollars and Japanese Yen to name just a few.

There are three ways to display prices in different currencies, including:

  1. Static price setting: This should be used for products priced regardless of daily foreign exchange fluctuations. Pricing can be set for each product – for each currency – ensuring that the price will be the same.
  2. User-selected currency pricing: Allow your customers to use a drop-down menu or an icon to change the website pricing to match their currency. Changing the language along with the currency is the best practice to attract and keep international customers coming back to your site.
  3. At checkout: Different currency pricing is automatically calculated at the time of checkout for the entire shopping cart. This is the fastest and simplest way to add multiple currencies to your website.

By accepting different currencies, your global customers’ shopping experience will improve. It will help them make better-informed buying decisions and they’ll see that the price they paid matches what’s on their credit card statement. This also benefits you by limiting multi-currency issues and minimizes disputes and chargebacks caused by price misinterpretation. One of the biggest benefits for your business is it can convert international browsers into international buyers.

For more information on how to start accepting multi-currencies, contact one of our knowledgeable representatives at 877-387-5642.

Topics: Business Growth

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