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With Planet Payment’s Multi-Currency Pricing solution, you maintain complete control in setting your foreign currency pricing. Our MCP solution is specifically designed to meet the diverse needs of all of our merchants. With Static MCP and Variable MCP, you have the option of either fixing foreign prices that your customers will pay or fixing the local settlement amount that you will receive.
- Is it more important to show your foreign customers a constant price, while you receive a different settlement amount in your local currency based upon daily exchange rate fluctuations? If so, Static MCP is the solution for you.
Static MCP
- You set your prices in a foreign currency and the settlement amount that you receive in your home currency fluctuates with the daily exchange rate
- You have the ability to update prices as needed
- While the setttlement amount you receive deaily for a product dhanges, the price of a product does not change dail for the shopper.
- Would you prefer to receive a constant settlement amount in your home currency for a given item and allow the foreign price to vary along with the exchange rate? Our Variable MCP option better suits your business needs.
Variable MCP
- You update your price on a daily basis to reflect fluctuations in exchange rates
- Prices are updated daily using Planet Payment’s Daily Rate File, which lists the current exchange rates for the day
- The settlement amount received daily for a product remains constant, but the price of a product changes daily for the shopper
Whether you set a fixed price or opt for our variable solution, MCP will help you increase foreign sales, making shopping easier for your valued international customers. Start maximizing your global potential today.
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