With multi currency processing you can expand your online business to untapped countries by enabling Cardmembers to purchase your goods in their local currency, giving them the convenience and confidence of knowing exactly how much they are paying in their local currency.
Key Benefits
Reduce the challange of managing payments around the world.
- Payment in 5 banking days from when you submit a payment. Have greater control over your cashflow with payments directly into your bank account.
- Help manage debt write off. We make payments to you for every invoice you process on your Corporate Purchasing Card, reducing your risk of unpaid invoices.
- Process Improvements. Payment via Corporate Purchasing Card simplifies and speeds up your invoice process, which means less time is wasted on chasing unpaid invoices.
- Opportunity to secure new business. We provide you the opportunity to capture more business from companies who use the American Express CPC Card who you do not currently trade with.
Tell the world you're open for business.
Expand your online business to untapped countries, reaching a greater number of American Express Cardmembers, while avoiding the expense of maintaining a physical local presence.
Multi currency processing from American Express lets you accept payments from American Express Cardmembers in 127 different currencies across more than 170 countries and receive payments in 18 different currencies.
Download an overview of multi currency processing.
Key Features
Do business the way you want with three flexible payment options designed to work with your existing banking relationships.
Local Pay allows you to settle in the same currency as the submission currency and receive payments at your local bank account.
Central Pay allows you to settle in the same currency as the submission currency and recieve your payment at a single bank with different currency donominated accounts.
Cross Currency Pay allows you to settle in a single currency for all your multiple currency submissions and receive a consolidated payment at a single bank account.
Manage your account online day or night with robust American Express Merchant Account management tools and centralised reporting through Onlne Merchant Services (OMS) and/or Electronic Payment Advice (EPA).
24/7 access to electronic statements online and detailed payment information made during specific time periods.
Real-time payment reconciliation.
Automatic reconciliation feed directly to your general ledger or business management system (EPA).
Take the hassle out of foreign exchange management.
Reduce the challange of handling payments from around the world through centralised foreign exchange management with automatic conversion of submission currencies to settlement currencies*.
*Certain countries may have restricted settlement options
With Multi Currency Processing you can reduce the challange of managing American Express Card payments around the world, and increase your reach to American Express Cardmembers globally.
Read more about how multi currency processing works
Local Pay
You can settle in the same currency as the submission currency and receive payments in your local bank account.
Central Pay
You can settle in the same currency as the submission currency and receive payments in a single bank with different currency deniminated accounts.
Cross Currency Pay
You can choose to settle in a single currency for your multiple currency submissions and receive the consolidated payment in a single bank account.
