| Term | Definition |
|---|---|
| Dynamic Currency Conversion (DCC) |
Dynamic currency conversion (DCC) is a system that allows foreign customers to make purchases using their home currency. Traditional currency conversion involves making the purchase using the merchant's currency, with an exchange fee added on when the transaction is processed. Dynamic currency conversion lets the customer see the final cost of the transaction in their own currency at checkout, but the total cost is usually higher to account for possible changes in the exchange rate. Read more >>> |
