Multi-currency option with Planet Payment’s solution

Planet Payment, a leading international multi-currency payment and data processor, announced the availability of a multi-currency service through its iPAY payment gateway. With the services card-not-present merchants can display pricing and allow their customers to pay in their chosen currency while continuing to receive funding and reporting in United States Dollars.

Thus, the solution allows customers to make payments in the currency that fits their circumstances. For instance, those from Japan can pay in Yen, while those from Britain are able to pay in British pounds. For the merchants all funding remains in the domestic currency and is handled by the merchant's domestic merchant bank, eliminating the need to establish and maintain international entities.

Among the main capabilities featuring iPAY payment gateway there is the ability to process all major credit card types and ACH transfers. In addition merchants can get a full picture of all transaction activity and manage recurring payments. The company also claims that their fraud and chargeback management tools allow merchants to reduce the risks of conducting business in a card-not-present environment.