Multicurrency Settlement Solution

Overview

A multinational market for your business

As ecommerce continues to expand, the opportunities to reach new markets are expanding too. Any business with an eye on multinational sales could benefit from offering a customer’s local currency. And the more currencies you can accept, the more customers you can appeal to.

By accepting and processing multicurrency payments, you could access a global market; expanding your customer base and increasing your sales opportunity. Barclaycard Multicurrency Settlement Solution is ideal if:

You take overseas orders

You can tap into potentially higher conversion rates and improve your customer experience. When customers can see the price of goods in their local currency, they have more faith in the payment process – driving sales*.

You process many like-for-like currencies

Processing multiple currencies and then settling them in the same currency can be expensive and take time. With our solution, all settlement currencies can be switched to one or two currencies – making the whole process simpler and potentially reducing foreign exchange risk too.

Next steps

Set up is simple. Firstly you need to decide which currencies you wish us to process on your behalf, select the settlement currencies of your choice, and let us know.
You can either contact your Relationship Manager or call 0800 096 8237 to get started.

Then simply contact either your IT department or partner, or your web developer, to make sure your prices are displayed in the currency you wish to accept.

*5 essential components for attracting international customers (Revenue Wire) January 2015 

Benefits at a glance

It’s flexible

The key to international success is letting your customers buy in their local currency, so can you make more sales.

It’s easy

Setting up and getting started is very simple.

It’s clear

We price transparently by loading the exchange rate based on your turnover.  Additional fees may apply if the POS currency does not match the settlement currency.

There’s less to manage

There’s no need to buy and sell currency or to manage multiple currency accounts. We will settle the payment for you in the currency of your choice, taking the pressure off your treasury function.

It suits any business selling abroad

Barclaycard Multicurrency Settlement Solution is ideally suited to anyone who’s looking to sell overseas. 

The currencies

Accept payments from all around the world**

You can accept payments in the currencies shown below. The ones highlighted are currencies we can both process and settle back to you in.

**Please note that we can accept payments in any of the currencies within the table below