Currency Select EFTPOS

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

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?

The following currencies have been chosen for Currency Select EFTPOS:
US Dollar
Australian Dollar
UK Pound
Japanese Yen
Canadian Dollar
Chinese Yuan
Hong Kong Dollar
Korean Won
Singapore Dollar
Swiss Franc
South African Rand
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.

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.