Online travel agencies need real-time payment solutions to pay their hotel, airline, and car rental partners without tying up their operating capital. This highly competitive industry demands the lowest prices and error-free payments.
Modern virtual cards can make funds available for payments in real time as transaction are approved. This eliminates the need for prefunding cards and reduces the risk of error and fraud. Visibility into transaction data provides a better understanding of customer behavior for more effective rewards programs.
Key benefits for online travel
Pay travel suppliers instantly by issuing a virtual card for each booking.
Control supplier payments by adjusting for inventory markup and pay the supplier less than what is collected from the traveler.
JIT (Just-in-Time) Funding
Avoid prefunding cards and tying up capital. Pay in real time, optimize cash flow, and manage peak volumes without exceeding credit limits.
Inject metadata into each transaction record
Automate reconciliations by appending matching metadata, such as the Booking ID, to the transaction record as purchases are authorized.
APIs to email/fax virtual cards
Work with your supplier’s existing payment infrastructure.