| Friday, October 2nd, 2015

International Payment Solutions for Travel Companies

Travel companies that have international payments needs can benefit from using a money transfer provider compared to a bank. Often large and frequent payments need to made for tickets, accommodation overseas or supporting foreign subsidiaries.

For outgoing payments solutions, our partners provide travel businesses with a streamlined method for processing internationally payments that have to be made around the globe and in multiple currencies. They can help you save both time and money and allow you to improve the running of your travel business

Solutions for Travel Companies

Overall, all the solutions are all geared to one goal - better cash management of your business. Solutions enable travel companies to streamline their payment processes and improve monthly cash flow. You can integrate your accounting services with the payment solutions software of an international money transfer provider to provide better control and visibility of all incoming and outgoing payments.

With certain purchases often known well in advance, travel companies can reduce their foreign exchange risk by working with a money transfer provider. These companies are well verses in offering products to suit the needs of travel companies limiting exposure to exchange rate fluctuations. Forward contracts for example will allow companies to set exchange rates in advance which can lead to better business planning.

There are several areas travel companies can benefit from such as:

  • Paying for tickets and accommodation overseas
  • Paying other overseas travel agents
  • Overseas subsidiary office costs such as rents and salaries

The FX partners listed on our site offer a dedicated business service and can provide advice to help travel companies meet their forex needs.

Money Transfer Comparison

Use our Currency Tools

Currency Volatility Tool - assess the impact of currency risk

Currency Analysis Tool - conduct an audit of historical transactions

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