Accelerate travel supplier payments, optimize cash flow, and reduce the risk of fraud.
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 transactions 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.
Purchase of travel on an app or website
A traveler books a trip and confirms their itinerary.
A virtual card is created to pay the hotel, airline, car rental agency, etc.
The travel provider runs the card just as they would any Visa or Mastercard.
Managed or gateway spend controls can be customized to minimize fraud and ensure funds are only used as intended.
Glasshouse Payments’ platform is contacted by the appropriate network for authorization.
Glasshouse Payments webhooks allow real-time notifications upon transaction completion.
Just-in-Time (JIT) Funding releases funds to the card on approval and in real time to complete the transaction.
Authorization is successful and the payment is confirmed.
See how Glasshouse Payments creates card programs 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.
Avoid prefunding cards and tying up capital. Pay in real time, optimize cash flow, and manage peak volumes without exceeding credit limits.
Apply your own rules and participate in transaction authorization in real time.
Automate reconciliations by appending matching metadata, such as the Booking ID, to the transaction record as purchases are authorized.
Work with your supplier’s existing payment infrastructure.
Let's talk about your use case and how we can help.
949 381 8188
Info@glasshousepayments.com