Planet Technology Intelligence

What is Planet?

Planet (formerly Planet Payment) is a global payments and technology company specializing in international and cross-border commerce. The company provides multi-currency payment processing, tax-free shopping, and hospitality payment solutions used by major hotels, retailers, and travel merchants worldwide.

Planet's Dynamic Currency Conversion (DCC) allows international travelers to pay in their home currency while abroad, providing transparency in exchange rates at the point of sale. The company processes billions in transactions across 70+ countries.

For online commerce, Planet enables merchants to offer localized payment experiences, accepting payments in 130+ currencies while settling in the merchant's preferred currency. This helps international retailers reduce cart abandonment from foreign customers.

Planet Features

Multi-Currency: 130+ currencies. Dynamic conversion. Transparent rates. Home currency display.

Tax-Free Shopping: VAT refunds. Tourist processing. Refund management. Compliance handling.

Hospitality: Hotel payment solutions. Point-of-sale integration. Guest currency preference. Folio processing.

E-commerce: Online payments. Cross-border processing. International checkout. Fraud prevention.

Acquirer Services: Payment acquiring. Terminal management. Settlement services. Reporting.

Global Network: 70+ countries. Major card networks. Local payment methods. Regional expertise.

Planet Use Cases

Luxury Retail: High-end boutiques. Duty-free shops. Designer stores. Tourist-heavy locations.

Hotels: International hotel chains. Resort properties. Hospitality groups. Guest payments.

Travel Retail: Airport shops. Cruise lines. Tourist attractions. Travel services.

International E-commerce: Cross-border online sales. Global merchants. Export retailers. Multi-national brands.

Tax Refund Services: Tourist tax refunds. VAT recovery. Refund processing. Compliance management.

Transportation: Airlines. Rail services. Car rentals. Transport operators.

Planet Code Examples

E-commerce Integration

// Planet payment initialization
const planet = new PlanetPayment({
    merchantId: 'YOUR_MERCHANT_ID',
    apiKey: 'YOUR_API_KEY',
    environment: 'production'
});

// Create payment with DCC
const payment = await planet.createPayment({
    amount: 100.00,
    merchantCurrency: 'EUR',
    cardholderCurrency: 'USD',  // Detected from card BIN
    orderId: 'ORDER_12345',
    cardNumber: '4111111111111111',
    expiryMonth: '12',
    expiryYear: '2025',
    cvv: '123'
});

// DCC rate offered to customer
console.log(`Pay ${payment.dccAmount} ${payment.cardholderCurrency}`);
console.log(`Exchange rate: ${payment.exchangeRate}`);

Multi-Currency Display

<!-- Show price in customer's currency -->
<div class="product-price">
    <span class="original">€99.00</span>
    <span class="converted">≈ $108.50 USD</span>
</div>

<script>
// Detect visitor currency and convert
planet.convertPrice('EUR', 99.00, visitorCurrency)
    .then(converted => {
        document.querySelector('.converted').textContent =
            `≈ ${converted.symbol}${converted.amount} ${converted.currency}`;
    });
</script>

Planet Benefits

Global Reach: 70+ countries. 130+ currencies. Worldwide acceptance. International expertise.

Customer Experience: Home currency pricing. Price transparency. Reduced confusion. Higher conversion.

Revenue Enhancement: DCC income sharing. Tax-free processing fees. Value-added services. Margin improvement.

Hospitality Focus: Industry expertise. Purpose-built solutions. Property management integration. Guest experience.

Compliance: PCI DSS certified. Regulatory expertise. Tax authority relationships. Risk management.

Integration: POS integration. E-commerce plugins. API access. ERP connectivity.