FX and International Services

With the recent rise in foreign spend now is the perfect time for merchants to optimize their arrangements and make a substantial impact on their bottom line.

Dynamic Currency Conversion (DCC, also known as cardholder preferred currency) and multi-currency pricing (MCP) have long been profitable sources of additional income for merchants. With the rise in foreign spend – now is the perfect time for merchants to optimize their arrangements and make a substantial impact on their bottom line.

With more facets to consider than ever before, these additional revenue streams are becoming an overwhelming and often-neglected area of the payments industry, with many merchants leaving pre-existing legacy arrangements in place for far longer than they should. With foreign spending on the rise, merchants are processing greater volumes than ever before and as a result, should be benefiting from more competitive DCC and MCP arrangements. Now is the perfect time to engage with the experts at CMSPI and make sure your business reaps the rewards.

Benefits of working with CMSPI

Experience

Experienced in negotiating additional benefits for merchants.

Visibility

Full visibility of your supplier’s capabilities to assess whether your services are optimal.

Future-proofed

Impact your bottom line and be at the fore-front of the payments industry.

Minimal resource

You keep all executive control but we require minimal resource from you.

Areas of our FX and international services include:

Multi Currency Pricing

Do you sell in local currencies to multiple markets? If so, you could be paying hidden conversion fees to your acquirer which significantly increase the real transaction cost

Dynamic Currency Conversion

Is your business taking advantage of the significant additional revenue available? We can support you to safely improve hit-rates and ensure you obtain the best commercial deal.

Local vs Cross-border Acquiring

Acquiring domestically can have a significant impact on acceptance rates and cost. We can walk you through this cost-benefit analysis and help you through the practicalities.

CMSPI's understanding of our business and sector, expertise in the payments industry and bespoke software have been invaluable. Through this they have been able to deliver Marriott Hotels seven figure annual savings. Your approach throughout the project has been professional and informative at all times, with savings that have exceeded our expectations. I would highly recommend any company to consider CMSPI before reviewing its payments operations and supply chain.

Sara Whitehead | Marriott Hotels
Discover more about the services we offer