Dynamic Currency Conversion

CrediMax in collaboration with FEXCO has launched the new Dynamic Currency Conversion (DCC) service.

Dynamic Currency Conversion (DCC) or Cardholder Preferred Currency (CPC) is a financial service in which the cardholders have the cost of a transaction converted to their local currency when making a payment in a foreign currency.

Currently this feature is only possible for Visa and MasterCard networks.

Exchange Rates

  • The exchange rates are sourced from Reuters, a globally recognised provider of foreign exchange rates
  • The Reuters Wholesale Interbank exchange rates are competitive and comparable with those used by card issuers.
  • These rates are updated six times daily to ensure that the cardholder receives the most appropriate exchange rate at the time of the purchase

Benefits of DCC

  • Make payments in a familiar currency
  • Purchase with full knowledge of the exchange rate applied to the transaction
  • Receive competitive exchange rate based on Reuters Wholesale Interbank rate
  • Match the exact sales amount with what appears on their cardholder statement without hidden charges or fees
  • Obtain enhanced customer service

 

Relationship Manager Contact Details:

Adham Al Aalami

- 33350160

- alaami@credimax.com.bh

Merchant Back Office

- 17117272

- mbo@credimax.com.bh

 

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