MicroFX is an automated technology driven pricing tool for website owners that provides the ability to localize the shopping experience for foreign shoppers. The tremendous opportunity of international markets has become a realization for many merchants. However with the demand for online payment options it has created new challenges with FX Pricing.
MicroFX is our multi-currency pricing engine. It provides a direct feed of our entirely technology driven wholesale FX engine into your merchant retail or processing system. This powers you to receive extremely competitive foreign exchange rates, which will generate a new type of revenue for you.
With the API from our MicroFX engine, products and services can be instantly priced in the global shopper’s foreign currency. MicroFX makes it simple and straightforward for them to purchase in the currency they know best. In addition to increasing the rate of cart conversion and repeat customers, MicroFx enables you to set the FX spreads on your product that would previously have been set and lost to the credit card companies.
• Set exchange rates in advance, priorto sales being completed
• Guarantee these FX rates for periods between several hours and several days
• Reduce FX management by automatically aggregating and netting deals
• Minimize administration costs through bespoke reconciliation and reporting
When using MicroFX, your company will set the exchange rates in advance, prior to sales being completed with a guaranteed FX rate. When the transaction completes, MicroFX converts foreign currency received back into your domestic currency at the pre-established guaranteed rate. With MicroFX we take on all foreign exchange market risk and convert foreign currency sale proceeds to the currency that you request.
With MicroFX, margins that were previously lost to credit card companies and acquiring banks in the payment chain are now retained by your company. In addition to a new type of revenue, you now minimise or eliminate: administrative costs of reconciliation, treasury management and reporting.
For our full End-to-End Solution including international logistics, duty/taxes calculations and guaranteed landed cost. Visit our partnered company: