Where in-depth travel industry expertise and the widest set of product options power global success.
With more travel payment options and flexible funding choices than any other virtual card provider, we work with leading travel intermediaries to efficiently and securely pay travel suppliers anywhere in the world. We help our clients innovate at scale to win in rapidly changing markets. Welcome to WEX Travel.
In a dynamic industry like travel, only the fastest, easiest, most secure B2B payments solution will do. WEX Virtual Card Numbers (VCNs) help travel intermediaries automate reconciliation, minimize counter-party risk, reduce fraud, and deliver better payments outcomes across the value chain. At the same time, payment optionality and flexible funding choices let you pay suppliers the way they prefer to be paid – without any extra work. It’s all possible when you partner with WEX.
COVID has accelerated this move by dramatically increasing the need for safe and secure refunds due to changes in travel itineraries and the dynamic availability of rooms/seats.
Our research explores the use of the agency and retailing (merchant) model approaches by travel agencies, and the benefits of each to both agencies and suppliers.
Suppliers are growing through a combination of direct and indirect distribution. This requires a robust payments strategy that lets suppliers manage all payments and get paid more efficiently.
The benefits of indirect distribution existed well before COVID, along with the challenges, costs, and risks to travel agencies of adopting the merchant model. The pandemic accelerated their use and led to their ultimate success.
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