Airlines are under constant pressure to reduce costs in order to increase profits.
One of the most overlooked methods of driving down expenses is to offer lower cost payment options. While card payments are necessary, they are also expensive.
Directing more sales to real time bank transfers decreases processing costs, eliminates chargebacks, and gives international customers another way to purchase tickets.
With real time bank transfers, customers authorize funds to be sent directly from their bank account to the merchant.
Since customers authorize the transaction through their on-line bank systems, it is virtually impossible for a transaction to be revoked by the customer. Therefore, a bank transfer is as close as possible to a cash transaction.
Rates are lower than card processing. And, there are no reserves or hold-backs required for real time bank transfers. Compare this to card processing where reserves can tie up access to working capital
Adding real time bank transfers on the checkout page is a simple process of integrating an API.
Want to increase your profits and reduce your payment processing risk?