Currency Select EFTPOS

Give your international Visa and MasterCard customers the option of using their home currency

  • Increase your revenue by accepting international Visa and MasterCard credit card payments
  • Automatically convert your New Zealand Dollar sales price to your international Visa and MasterCard customer’s home currency
  • There are twelve foreign currencies available for conversion
  • Perfect for New Zealand businesses with a high number of international customers
  • Optional online reporting tool allows you to search for transactions and download reports in Excel format
  • Your Currency Select EFTPOS terminal will also allow you to process your usual credit card and debit card transactions

What is Currency Select EFTPOS?

Currency Select EFTPOS is the first service in New Zealand that allows you to accept international Visa and MasterCard payments in multiple currencies via your EFTPOS terminal, with payment in New Zealand Dollars direct to your nominated account.

Currency Select EFTPOS gives your international Visa and MasterCard customers the choice of purchasing your goods and services in their home currency or in New Zealand Dollars.

Your international Visa and MasterCard customers will know the exact home currency amount that will be charged to their credit card, while you gain the convenience of being paid in New Zealand Dollars.

Your business will receive a Merchant Service Fee Rebate for all international Visa and MasterCard transactions that are converted to your international customer’s home currency.

How does Currency Select EFTPOS work?

  • When an international Visa or MasterCard customer’s card is processed through your EFTPOS terminal, it identifies that the card is issued overseas and the terminal displays a list of currency options.
  • Your international customer has the choice to pay for your goods or services in their home currency or New Zealand Dollars.
The following currencies have been chosen for Currency Select EFTPOS:
Eftco-Currency-Icons-US-Dolar
US Dollar
Eftco-Currency-Icons-Astralia-Dolar
Australian Dollar
Eftco-Currency-Icons-uk-pOUND
UK Pound
Eftco-Currency-Icons-Japanese-YeN
Japanese Yen
Eftco-Currency-Icons-Canadian-dolar
Canadian Dollar
Eftco-Currency-Icons-Chinese-Yuan
Chinese Yuan
Eftco-Currency-Icons-Hong-Kong-Dolar
Hong Kong Dollar
Eftco-Currency-Icons-Korean-Won
Korean Won
Eftco-Currency-Icons-Singapore-Dolar
Singapore Dollar
Eftco-Currency-Icons-Swiss-Franc
Swiss Franc
Eftco-Currency-Icons-Europe-Euro
Euro
Eftco-Currency-Icons-South-Africa-Rand
South African Rand
  • If your international customer selects to pay in their home currency, your New Zealand Dollar sales price is automatically converted into that currency.
  • We send the transaction to your international customer’s card issuer in their home currency for approval.
  • If your customer selects to pay in New Zealand Dollars the transaction will be processed as per the current process for New Zealand Dollar transactions.
  • At settlement time we pay you in New Zealand Dollars direct to your nominated Bank of New Zealand account.
  • You can view your transactions online via an Online Reporting tool1 which provides the ability to download your reports in Excel format.
Please note that if the transaction is charged back or refunded, you will carry the risk for any currency exchange rate movement since the original transaction.
Eftco-NZcurrency-feature-1

Benefits of Currency Select EFTPOS

Twelve foreign currencies available for conversion.
This provides certainty for your customer.
This is a service designed and built to suit New Zealand businesses with a high number of international customers, particularly those in the travel, entertainment or tourism industry.
You will receive a Merchant Service Fee rebate for all international Visa and MasterCard credit card transactions that are converted to your international customers home currencies. This Merchant Service fee rebate can be rebated against your merchant services fees or paid as a separate amount.
Your international Visa and MasterCard customer is transacting in a currency they know and the amount they accept is the amount they will see on their credit card statement.

How do I get Currency Select EFTPOS?

To become a Currency Select EFTPOS merchant please contact your sales representative on 0800 180 180. You need to be a Bank of New Zealand Credit Card merchant. If you are not currently a Bank of New Zealand Credit Card merchant and would like to be, we can help set you up.

What you need to know

  1. Additional charges will apply for the Online Reporting Tool.
  2. Currency Select EFTPOS will be part of your merchant services facility. Set-up and merchant services fees, charges and terms and conditions will  apply.
  3. This does not apply to customers who agree to express or priority checkout transactions.
  4. To be agreed with Bank of New Zealand as part of the terms and conditions that will apply to Currency Select EFTPOS.
This is a summary only, for more information contact our Sales Representatives on 0800 180 180.

You're in good company

Need EFTPOS for your business?

Your EFTPOS terminal is just one input to the true cost of providing EFTPOS and it’s the smallest. Don’t make the mistake of not taking into account your fees. Some providers provide lower monthly hire costs but end up charging a lot more for fee processing. Some businesses end up paying hundreds if not thousands more than they need to each month.
Are you paying too much? Get a FREE FEE ASSESSMENT to find out. 

WP Feedback

Dive straight into the feedback!
Login below and you can start commenting using your own user instantly

Get in Touch