By: PayGate Credit Card Payment Gateway  06-24-2009
Keywords: Internet Services, Shopping Cart, E-Commerce

PayFX from PayGate internet payment gateway is a currency converter option built into and provides credit card merchants with an easy and transparent way of handling currency conversion.

When PayWeb receives a credit card transaction it determines whether currency conversion is required.

If so then it does the following...

    * Display relevant credit card currency conversion information on the PayWeb page
    * Converts the transaction currency to local currency at the current exchange rate
    * Processes the transaction in local currency
    * Highlights the fact that currency conversion was required (and the relevant conversion rates used) on the 'receipt e-mail' sent to the card holder
    * Provides a link to a clear explanation of why currency conversion is required, and highlights the fact that due to the conversion, the card holder is likely to be billed a slightly different amount to the advertised price

Who should use PayFX? 
Credit card merchants who wish to advertise products and/or services on their web site in a currency which differs from their local settlement currency.

Keywords: Credit Card Acquiring, Credit Card Processing, E-Commerce, Getting Paid Online, Internet Payment Gateway, Internet Payment Solutions, Internet Services, Online Payment Gateway, Payment Gateway, Shopping Cart,

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