Monex delivers an in-depth knowledge of the complex challenges associated with VAT refunds and payments/refunds to credit cards.
The Monex solution delivers “click of a button” simplicity when making payments/refunds to customer’s cards.
Payment services are tailored to your specific company requirements while maintaining your current payment/refund scheduling strategy.
Decrease long frustrated customer queues associated with cheque payment/refund methods and increase staff efficiency.
Payments/refunds are promptly credited to your customer’s card.
Modifying your current claim/rebate submission form allows customers to include their credit card details and tick to accept the payment/refund transfer to their credit card account.
The Monex solution typically requires no capital expenditure and there are no one-off or recurring software, license or maintenance fees.
The exchange rate used to convert the original transaction into the currency of the cardholder is adjusted to generate foreign exchange (FX) revenue.
The payment/refund value settled by Monex on your behalf will accordingly be greater than the original transaction value, accordingly creating shared profit revenue.
Implementing the Monex DCC solution will not only minimise time, effort and costs associated with international transfers but generate an important new monthly revenue opportunity for your business.
Contact us today to learn how Monex DCC will generate extra revenue for your business.