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NatWest Markets
e-commerce
NatWest Markets Securities Inc. (NWMSI) is a registered broker-dealer located in Stamford, Connecticut, USA. Securities business in the United States is conducted through NatWest Markets Securities Inc. a FINRA registered broker-dealer, a SIPC member and a wholly owned indirect subsidiary of NatWest Markets Plc.
Helping your business go global, but feel local
FXmicropay is the complete currency toolkit to support your international expansion strategy.
Display local-currency prices to your customers with ease.
Designed to satisfy cross-border pricing requirements and integrate with any process, FXmicropay can help to transform your business.
Our solutions…
Converting cross-border sales can be challenging
Cross-border conversion rate is stagnating or accelerating slowly as global cart abandonment has nearly reached 70%.
Automated currency pricing
Display prices and allow payment in your customer’s local currency. Use customised price rounding features to match your pricing strategy.
Display-only
Show the estimated price in customers own currency. This requires no changes to your current payment process.
Transactional
Show actual payment price in your customer's own currency. This may require an update to your current settlement process but there is no need to switch payment providers.
Foreign exchange (FX) rate movements impacting profit margins
Multi-currency pricing results in margin erosion due to exchange rate fluctuations.
Profit protection
We will convert international sales at the original exchange rate used to set the price. This protects your profits against any currency fluctuations.
Narrow profit margins
As markets become more competitive, profit margins narrow, so businesses need to turn to new revenue streams.
Margin improvement
A customer’s issuing bank can typically charge them up to 3%. By pricing in multiple currencies you remove this unknown charge for your customer and gain the flexibility to charge this margin as profit.
Increasing overheads
Accepting multiple payment methods and processing multiple currencies to support and win customers can be expensive.
Payment processing cost reduction
The rates used for pricing and conversion are based on wholesale FX rates. This can result in potential savings of up to 3.5% in FX costs depending on (among other things) the choice of card processor.
An implementation to suit every business
- Magento and SAP Commerce Cloud users can get up and running in no time with our FXmicropay extensions
- Need something more bespoke? Our expert team will guide you through our suite of powerful APIs**
- To make it even easier, virtual accounts across 23 core currencies reduce the need to open physical currency accounts
** Application-programming interface
† The cost of the guarantee will vary depending on your requirements such as the tenor of the guarantee you need