Terminology

Table 2

DCC Terminology

Term	Definition
Billing currency	Cardholder’s currency in which their card is denominated and in which transactions are posted to the cardholder’s account.
Converted amount	Amount of the transaction, denominated in the cardholder’s billing currency.
DCC markup	Commission added to the transaction price at the time of the currency conversion.
DCC service	Service that enables you to offer foreign customers an active choice to pay in the billing currency associated with their card. This service is supported only for Visa and MasterCard.
Exchange rate	Conversion factor used to convert an amount in one currency to an equivalent amount in another currency.
Local currency	Your selling currency that you use for pricing your goods and in which you usually submit transactions for processing.
Margin rate percentage	DCC markup.
Original amount	Amount of the transaction denominated in your local currency.