Multi-currency pricing (MCP) is a method that international companies use to do business using local currencies.
A sales tool that helps merchants expand into other sectors of the global marketplace, MCP allows cardholders to shop, view prices and pay in the currency of their choice.
The consumer is then given the option to pay in the currency of his or her choice.
If the customer chooses to pay in Yen, this service guarantees that this exact Japanese yen amount will be debited to the cardholder account, and the exact US dollar amount will be credited to the merchant's account.
Among the biggest advantages to merchants according to proponents: The MCP solution is mostly found in card not present (internet, mail-order/telephone-order) environments, but can also be used as a terminal application in card present (POS) environments.