Industries

Travel Companies

Purpose-built to solve the payments challenges of travel companies, ConnexPay’s unified payments platform provides clients with the ability to seamlessly connect incoming customer payments with outgoing supplier payments, all in real time.

The problem

Travel companies need real-time access to incoming customer funds so that they can pay their travel suppliers without relying on lines of credit or cash reserves.

Travel companies operate on very thin margins and are usually considered “risky” from a bank’s perspective because of cash flow visibility and future delivery risk.

The solution

ConnexPay’s innovative solution is the first and only payments platform purpose-built to bring together payments acceptance and issuance inside a single platform (with one contract and one reconciliation).

Travel companies can issue virtual cards in real time to one or more suppliers using incoming funds from a customer.

Here’s how it works =

1. Customer books a trip through a travel website.

2. ConnexPay steps in to:

Run fraud
analysis
Accept customer’s
payment
Authorize the
transaction
Funds are immediately available to the travel company after authorization.

3. The travel company can use that incoming customer payment to generate virtual cards for associated suppliers, such as:

Airline
Hotel
Rental Car

4. The travel company’s profit on the sale can remain in their ConnexPay account or be transferred to a bank account.

Profit/commission on each sale
+ PLUS
Cash earned from card rebates
Account
Travel
Bank Account

5. After the payment processes, robust transaction details are available to the travel company in the ConnexPay platform.

6. The travel company earns industry-leading cash rebates on card payments made to suppliers.

Key benefits =

Savings & revenue

  • Immediate access to incoming funds
  • Guaranteed lower merchant processing fees
  • Increased revenue through industry-leading virtual card rebates
  • Access to higher international interchange rates than other providers
  • Patent-pending intelligent purchases routing technology chooses and automatically issues the type of card to provide the maximum rebate

All-in-one payments platform

  • Accept incoming payments by credit card, debit card, Apple Pay, Google Pay, and more
  • Make outgoing payments by virtual card, credit card, ACH, and more
  • Working capital/available funds not impacted until supplier payment settles
  • No prefunding or lines of credit required
  • No processing caps or financial commitments
  • Ability to structure commission payments with transparency to the consumer
  • Ability to share complete customer data with downstream suppliers for fulfillment

Fraud prevention & reporting

Easy to get started

  • Rapid implementation with no setup fees
  • Easy API documentation
  • Webhooks to notify you of transaction-related events
  • SDKs to ease the integration of payment acceptance on your website

Further reading

Case Study: TravelPass Group

Video: Why ConnexPay?

Article: How to eliminate cross border and FX fees in travel payments

Reduce risk, save money, and generate cash to invest in growth.

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