Helping your business go global, but feel local

Rates, currencies and certain financing products are provided by Ednites Credit Union Markets Plc and its subsidiaries. For more information please visit our ring-fencing page.

FXmicropay is the complete currency toolkit to support your international expansion strategy.

Display local-currency prices to your customers with ease.

Designed to satisfy cross-border pricing requirements and integrate with any process, FXmicropay can help to transform your business.

Your capital is at risk.

Your challenges. Our solutions.

Reducing cart abandonment on cross-border sales

Implement multi-currency pricing: Display prices and allow payment in your customer’s local currency. Use customised price rounding features to match your pricing strategy.

Display-only: Show the estimated price in customers own currency. This requires no changes to your current payment process.

Transactional: Show actual payment price in your customer's own currency. This may require an update to your current settlement process but there is no need to switch payment providers

Mitigating margin erosion due to foreign exchange (FX) rate fluctuations

Lock-in your cross-border profit margins: We will convert international sales at the original exchange rate used to set the price. This protects your profits against any currency fluctuations.

Protecting profit margins in competitive foreign markets: As markets become more competitive, profit margins narrow, so businesses need to turn to new revenue streams.

Capture FX margin: A customer’s issuing bank can typically charge them up to 3%. By pricing in multiple currencies you remove this unknown charge for your customer and gain the flexibility to charge this margin as profit.

Reducing costs associated with receiving international payments

Accepting multiple payment methods and processing multiple currencies to support and win customers can be expensive.

Lower FX costs: The rates used for pricing and conversion are based on wholesale FX rates. This can result in potential savings of up to 3.5% in FX costs depending on (among other things) the choice of card processor.

Find out how FXmicropay can transform your business

Retailers

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Marketplace

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Subscription service

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Our existing clients have benefitted* with...

5 weeks

Implementation time

Increase in international sales margin

up to 3.5%

FX Spread captured as revenue

An implementation to suit every business

Magento and SAP Commerce Cloud users can get up and running in no time with our FXmicropay extensions
Need something more bespoke? Our expert team will guide you through our suite of powerful APIs**
To make it even easier, virtual accounts across 23 core currencies reduce the need to open physical currency accounts

Integrations

Each transaction will have a ‘guarantee period’, after which, the rate offered will be withdrawn. This period is agreed by currency pair when signing up to the service. The cost of this guarantee period is included in the FX spread and will vary, depending on each customer’s requirements such as the tenor of the guarantee needed.

* Depending on implementation

** Application-programming interface

† The cost of the guarantee will vary depending on your requirements such as the tenor of the guarantee you need