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Visitors to New Zealand will no longer need to whip out the calculator to convert the hotel bill back into their home currency.
CurrencySelect EFTPOS, a new service offered by the Bank of New Zealand, converts New Zealand dollar prices into overseas currency for tourists using their credit card to make purchases.
Sales conducted by Visa or MasterCard using the service are converted into the customers' home currency.
"The customer can then choose - by the push of a button - whether to pay in that currency or in New Zealand dollars," said Glenn Patrick, Bank of New Zealand general manager, domestic and international payments.
CurrencySelect EFTPOS advises customers of the exchange rate being used and any currency conversion fees applying to purchases.
Payment to the merchant occurs as usual in New Zealand dollars the next business day.
Scenic Circle Hotels Group general manager finance Ross Cowie said the hotel chain had rolled the payment option out to 17 of their hotels.
"Already we are getting very positive feedback from our guests who like the financial certainty that it offers and the ease with which it can be accessed," he said.
- NZHERALD STAFF
