At Payfast by Network, we believe in your business and know that you should be exposed to an even larger buying audience. That’s why we’re excited to introduce Multi-Currency Pricing, a new feature that enables online businesses to display and sell their products to a global customer base.
This new solution allows you to accept payments in almost any currency from anywhere in the world and get paid in ZAR. With Payfast by Network, you can rethink how you do business and expand your reach beyond South Africa.
How does Multi-Currency Pricing work?
Multi-Currency Pricing is a game-changer for entrepreneurs and business owners looking to grow their businesses. By offering Multi-Currency Pricing, you can make your business more competitive globally and take advantage of new international sales opportunities.
During the checkout process, your customers may select their preferred currency from a drop-down list and the real-time conversion from ZAR is automatically displayed. Once they accept the amount, they can continue to complete the payment using their Mastercard or Visa card. It’s a simple and hassle-free process for both you and your customers.
What are the benefits of Multi-Currency Pricing?
Offering Multi-Currency Pricing can provide several benefits to your business. Firstly, it creates a faster and more convenient checkout experience, leading to higher customer satisfaction and lower cart abandonment rates.
Secondly, by selling to an overseas market, you can increase your customer reach, revenue and global competitiveness. Additionally, by accepting multiple currencies, you reduce the risk of fraud from customers who may use stolen credit cards from another country.
How do you offer Multi-Currency Pricing?
If you’re using Payfast by Network as your online payments platform you can easily enable Multi-Currency Pricing when you log into your account. Read though this Knowledge Base article for easy step-by-step instructions on how to enable the feature and different currencies.
Our Multi-Currency Pricing feature provides a simple solution for you to expand your businesses and reach a global customer base. With enhanced payment processing, improved customer experience, better conversion rates, reduced fraud risk and improved global competitiveness, this feature is revolutionary if you’re looking to grow your businesses in the international market. Rethink how you do business and get your product in the hands of global customers with Multi-Currency Pricing.
