Dynamic Currency Conversion
Dynamic Currency Conversion (DCC) is a process that allows cardholders to choose the currency they want to use for their international transactions. When a cardholder is traveling abroad and makes a transaction in a foreign currency, the transaction is automatically converted into their home currency at the point of sale or ATM. This is done using a currency conversion rate that is determined by the card issuer or the ATM operator. It is a feature that has been gaining traction in recent years and can be very beneficial to Canadian ISOs. Let’s take a closer look.
