Travelex in the US launches Planet Payment's Pay in Your Currency

Travel News Asia Wednesday, 29 August 2007

Foreign exchange specialist Travelex Americas and Planet Payment, a leading international multi-currency payment and data processor, have launched a new service which provides greater convenience to international travelers that use their MasterCard or Visa International cards to obtain currency exchange and other services at Travelex locations across the United  States.

Provided through Humboldt Merchant Services, Travelex's acquiring bank, the new 'Pay in Your Currency' service, allows international customers to pay for their foreign exchange transaction in the currency they know best - their own.

Traditionally, an international customer paying with a credit card can only have their charges posted in the merchant's local currency.

Conversion of those charges back to the customer's home currency occurs only after the transaction and is performed by the card provider. The exchange rate and the final cost of the charge are not known to the customer until later - when they receive a billing statement from their card provider.

Now, with the availability of the Pay in Your Currency service, international travelers using eligible MasterCard and Visa cards for foreign exchange services at all 125 Travelex locations across the United States have the option to complete the transaction in their home currency. The amount the customer pays in their home currency matches the amount they see on their credit card statement - eliminating the uncertainty experienced with the conventional process.

"We believe that visitors to the United States choose Travelex for their foreign currency needs because we provide superior service and greater convenience," said Jon Dario of Travelex Americas. "This new service is a perfect complement to our suite of foreign exchange products and services - now our international customers can enjoy the convenience using their credit card for foreign exchange services with the added comfort and certainty of knowing the final amount of the transaction in their home currency immediately, at the time of the transaction."

See other recent news regarding: Travel News Asia, Foreign Currency, Travelex, MasterCard, Visa

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