CurrencySelect lets your international customers pay you in New Zealand dollars, but they’re debited in a currency that they know.
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CurrencySelect is designed for businesses in New Zealand selling goods and services overseas, allowing you to increase your market size to the rest of the world from New Zealand.
CurrencySelect gives your business the freedom to set your prices in fixed foreign currency amounts or to calculate each currency you offer from a base currency, such as New Zealand dollars.
You can pre-authorise a CurrencySelect sale and complete the transaction later, once you’ve dispatched the goods.
If you need to refund a customer’s payment you can do so in their currency and for the exact amount they paid. While this means you carry the risk for any currency exchange rate movement from the date of the original sale to the date of the refund, it means your customer is credited back the exact amount of the original transaction.
Your customers with international Visa or MasterCard can choose to pay in one of 12 approved foreign currencies. The 12 approved foreign currencies are Australian, Canadian, Hong Kong, Singapore and United States dollars, Euro, British pounds, Swiss francs, Chinese yuan, Japanese yen, Korean won, and South African rand.
Your customers’ card statements will show the price they accepted at the time of purchase. This protects your customers from currency fluctuations, so for them, it’s just like paying a local business. You will carry the risk for any currency exchange rate movement between the time of the original transaction, and the time of posting to your account in New Zealand dollars.
If you have questions or need help call 0800 955 455.
CurrencySelect will be part of your merchant services facility and merchant services fees, charges and Terms and Conditions will apply.