With Cambridge’s acquisition of E4X, we are happy to offer a state of the art solution for e-commerce merchants. This solution provides e-commerce merchants currency exchange rates, which allows the ability to price products in the local currency of foreign buyers, and interfaces between the credit card issuing bank, the purchaser and the merchants credit card processor. This allows the merchant to make claim against the issuing bank, via its credit card processor, in the currency of the purchaser.
Our patented technology makes it easy for international shoppers to shop and purchase by providing prices in local currencies, while providing Merchants the exact payment they anticipate from each sale in their preferred currency – all without exposing any party to foreign exchange risk. Experience proves that local currency pricing contributes to a better shopping experience, which has been proven to increase sales.
Global Pricing
- Automatically display prices in the shopper’s local currency
- Reduce barriers to purchase for international shoppers
- Eliminate currency risk for you and your international clients
- Get paid the exact US dollar amount you expect
Local Currency Pricing Grows Sales Significantly
- Shoppers prefer to see pricing in their own currency
- Merchants benefit from:
- substantial sales growth
- increased browser conversion rates
- improved client retention, reduced shopping cart abandonment
- fewer returns and charge-backs
No Currency Risk for You or Your Clients
- E4X provides guaranteed exchange rates that are used to automatically convert prices to the local currency
- You price and are paid in US dollars, just as you are for domestic sales
- Clients shop and purchase in their local currency knowing the final charge
- You receive your expected price paid in your currency of choice
- E4X exchange rates are guaranteed through the full lifecycle of each transaction
Streamline International Selling and Reduce Costs
- Eliminate the need to establish and maintain foreign banking relationships
- Simple integration with your current platform
- Fully reconciled multiple currency reporting
For more information on these offers, please visit the E4X website, www.e4x.com.