Why Monex?

Founded in 1997, Monex are very proud of the results we have produced for our many clients by capitalising on the efficiencies that have emerged in the niche market of Dynamic Currency Conversion. Monex' dedication to providing an optimised DCC service has facilitated the growth of our clients.

Monex solution is used today by a number of banks and large merchants.

DCC (Dynamic Currency Conversion) is a specialist service, which allows non-domestic card transaction payments to be processed in the cardholder’s home currency.

The cardholder is offered a convenient option to pay in their card currency or the currency of the country in which they are making a purchase (POS/eCommerce) or withdrawing cash at ATM.

When the cardholder accepts DCC, the transaction remains in the card currency throughout the processing and settlement stages.

Both merchant/ATM owner and cardholder know the precise authorised transaction amount.

 

BENEFITS

  • A valuable new source of revenue for acquirers, merchants and ATM owners.
  • Transaction are converted at a competitive FX rate.
  • NO surprises on the cardholders statement.
  • A new revenue source
  • Improved customer service
  • Fewer charge backs
  • Monex real-time API
  • Flexible mark-up rates
  • Real-time rates – 160 currency pairs
  • NO FX exposure – that’s our guarantee!

Contact us today to learn how Monex DCC will generate extra revenue for your business.