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⍰ ASK How do payment gateways in USA handle currency conversion for international transactions?

Payment gateways in the USA make international transactions smooth by doing real-time currency conversion. When a customer buys something in a foreign currency, the payment gateway automatically changes the amount into the merchant's main currency. They use exchange rates from trusted financial institutions, updating them regularly to match the current market rates.

Merchants can choose between two ways of handling currency conversion. One is dynamic currency conversion (DCC), where customers see the transaction amount in their own currency at the point of sale, and the payment gateway takes care of the conversion.

Using real-time exchange rates and flexible conversion options makes payment gateways efficient and reliable when dealing with different currencies in global e-commerce.
 

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