International finance for Travel Companies

Travel companies can take advantage of industry specific payment solutions to keep agents, hotels, customers and airlines connected.

It is possible to offer travel money cards as packages as well.

September 30th, 2024

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International finance for [Travel Companies]

The travel industry is prone to changing exchange rates at every stage of the customer process and customers often have to shop in multiple locations to solve problems.

Travel companies are exposed to a number of currency, and market risks, which include:

Exchange rates when sending fulfilling payments to suppliers and partners can be impacted
Incoming payments are at risk of being lower due to currency fluctuations
Customers will shop around for the best price on currency, often getting a bad deal if going to traditional providers

Using a multi-currency solution provides access to tools to mitigate these risks, and improve customer experience.

Key problems solved

Graphic explaining a scenario

Multi-currency accounts

Send and receive cross border payments with suppliers, customers and local businesses as part of bookings, holiday exchange and more.

Payment gateways and faster settlement of transfers

Providers of travel solutions can offer fast settlement of funds, and often support local payment options outside of Visa or Mastercard.

Open banking options

Travel companies can work with providers that offer open banking to speed up payment journeys and link accounts to preferred options.

Prepaid cards

Companies can offer branded, prepaid travel cards that add to an end-to-end customer experience.

Integrated software

Hook payment platforms up to internal account software and issue invoices to suppliers, pay expenses for those visiting hotels and reduce overall overhead costs associated with using multiple systems.

White Label and branded products

The travel industry is one of the most competitive, and at risk for currency price changes.

Offering customers an end to end product from purchase, to spending once away is a great way to improve USPs and increase revenue.

Recommended travel provider

3S Money is our recommended provider for travel companies. They offer flexibility on white-labelled products and the widest range of a huge selection of IBAN multi-currency accounts.

Visit 3S Money