ICP (International Currency Payouts) is the possibility of settling funds between PayU and the Merchant in different currencies.
What is ICP?
ICP is a transparent way of managing funds in operations on international markets. Thanks to this solution, you can accept transactions in various markets, in most European currencies and in the most popular South American currencies, and make settlements in one selected currency: USD or EUR..
ICP main benefits:
Settlement in the selected currency (USD or EUR), regardless of the currency of the client’s payment
Possibility of accepting deposits both by card and local payment methods
Managing payouts, returns and reports through the management panel
Real-time transaction, fee and billing data
The balance in the payout currency is updated on a regular basis
How can ICP help your business?
Thanks to PayU, you can make withdrawals from the shop balance in a currency other than the transaction currency. This is another product designed to facilitate cross-border trade. You can read more about the other options in the tab: Cross border payments .
Start using ICP
Want to learn more and start using ICP? Contact us via the form: