Currency-based routing
Direct transactions to the most advantageous acquirers based on the currency of the payment. Cardflo's currency-based routing enables merchants to reduce foreign exchange fees, improve conversion rates, and ensure that payments are processed through institutions best suited to handle specific currencies, optimising overall financial performance.
What you get.
- Route transactions to acquirers offering favourable currency exchange rates
- Minimise foreign exchange fees and associated costs
- Improve conversion rates by processing in preferred currencies
- Configure rules for specific currencies or currency groups
- Prioritise acquirers based on their performance with certain currencies
- Support multi-currency processing without manual intervention
Common questions.
How does currency-based routing reduce costs?
By directing transactions in a specific currency to an acquirer that processes that currency domestically or offers better exchange rates, merchants can significantly reduce foreign exchange fees. This minimises the costs associated with multi-currency transactions.
Can I set up routing for multiple currencies simultaneously?
Yes, Cardflo's platform supports the configuration of routing rules for multiple currencies concurrently. You can define specific preferences for each currency, ensuring that every transaction is routed optimally based on its denominated currency.
Is currency-based routing beneficial for merchants with a single operating currency?
Even merchants operating in a single currency can benefit if they accept payments in other currencies. Currency-based routing ensures that incoming foreign currency transactions are processed by the most cost-effective acquirers, reducing conversion costs.
Ready for velocity?
Tell us about your business. We'll match you with the right acquiring partners and the right route, typically inside a week.