Overview
If your business is likely to attract foreign visitors then being able to offer international credit card processing, and other products and services, in their local currency, will increase the perception of your site and likely income that you take.
There are 2 principle ways in which you can handle foreign currency receipts:
- Settling these monies into your UK bank account and incurring the foreign exchange levied by your bank
- Settling the currency into a similar currency account e.g. Take euro payments and settle to a euro account, this way removing foreign currency costs
The principle currencies that you are likely to need/use are:
- US Dollar (USD)
- Australian Dollar (AUD)
- Canadian Dollar (CAD)
- Euro (EUR)
- Japanese Yen (JPY)
Want to know more about how to take international credit card payments and offer foreign currency services? Call Cardsave and one of our Payment Specialists will call or visit you to discuss.
Best For
If you anticipate or are taking over £100,000 in foreign currencies then this solution may be for you.
Cardsave will setup a standard UK Merchant Account will also allows foreign currencies however will also setup Merchant Accounts in the other currencies that you require – typically Dollars & Euros. Whilst there may be other charges in terms of setting up the Dollar &Euro accounts it means that you have a simple solution that puts you in control of when to use/spend /convert the foreign currency.
