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DCC Transaction Procedures SALE (DCC )VOIDF1Sale Void Settlement SaleRMF1 F2 F3Please Tap Card RM1.00 Insert/Swipe/Enter Card No: Sale Visa Exp Dt (MM/YY): 02/21F22. Key in amount andF13. Insert Cardbe

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How to fill out dynamic currency conversion dcc

01

Contact your payment processor to enable dynamic currency conversion (DCC) service

02

Select the option to show prices in the customer's local currency at the point of sale

03

Inform the customer about the exchange rate and any fees associated with DCC

04

Obtain customer consent to proceed with DCC transaction

05

Process the payment as usual, with the transaction being converted to the local currency

Who needs dynamic currency conversion dcc?

01

Businesses that have international customers or operate in multiple countries with different currencies

02

Customers who prefer to see prices in their local currency and are willing to pay any associated fees for currency conversion

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What is dynamic currency conversion dcc?

Dynamic Currency Conversion (DCC) is a service that allows customers to see prices and make payments in their home currency while traveling abroad, usually at the point of sale.

Who is required to file dynamic currency conversion dcc?

Businesses that offer DCC services and engage in foreign currency transactions may be required to file DCC reports with tax authorities, depending on local regulations.

How to fill out dynamic currency conversion dcc?

To fill out a DCC form, businesses must provide details such as the transaction amount, the currency used, conversion rate applied, and customer consent to use DCC.

What is the purpose of dynamic currency conversion dcc?

The purpose of DCC is to provide convenience to international travelers by allowing them to pay in their own currency, making it easier to understand costs.

What information must be reported on dynamic currency conversion dcc?

Information that must be reported includes transaction details, currency conversion rates, amounts converted, and confirmation that the customer was informed about the DCC service.

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