Multiple Currencies Without Multiple Risks
With E4X you can further enhance your services by allowing global merchants to price and receive payment in their own currencies, without exposure to currency risks. Because you, the merchant and the customer may all be situated in different countries, there may be as many as three currencies and multiple exposures involved in the transaction. E4X’ system is unique in that it can “split” a single transaction into multiple currencies, allowing everyone involved in a sale to avoid the currency risks inherent in international transactions:
- Merchant service providers price and receive payment in their currency of choice
- Customers shop and pay in their own local currency
- Merchants price and receive payment in their own currencies
Consequently, none of the three parties involved in the transaction are exposed to currency fluctuations and everyone knows the exact amount they will pay/receive.
