Everything You Need to Know About Alternative Payment Options in the Travel Industry

From the very first interaction that a potential client has with your travel business through to their post-trip experience - and everything in between - travelers have grown to expect a high level of flexibility and personalization at each touchpoint. While the ability to personalize or customize a travel experience was once reserved for while the traveler was on the trip itself, it’s now essential for to provide this quality of service at every stage - including the payment process.

Facilitating this shift toward a high level of customization at the click of a button is the fact that most travel bookings now take place online. And just as online consumers in other industries expect a payment process that caters to their specific preferences, so do travel consumers. But what does personalized payment processing for the travel industry actually look like?

From allowing customers to pay in their currency (regardless of the currency the trip is priced in) to providing a variety of payment options at checkout, there are numerous ways to offer your travelers more flexibility during the payment process. Known as alternative payment solutions, these payment processing options not only provide the high level of payment flexibility and personalization that travel consumers are seeking, but they can save your business money and help you expand into new global markets.

In this guide, we explore two of the most significant alternative payment options in travel: multi-currency checkout and local payment solutions. Not only do these each have their benefits for the traveler - such as saving money on foreign exchange fees - they offer a world of opportunity for your business. From expanding your market reach to reducing the risk of fraud, these travel payment solutions allow your business to convert more bookings, save money on each transaction, and most perhaps importantly, show your travelers that you’re committed to their satisfaction.

By downloading this guide to alternative payment options in travel, you’ll be beginning your business’s journey to leveraging one of 2024’s most significant travel booking and payment trends: flexible travel payment solutions. Don’t miss this opportunity to reach new global markets and improve your travelers’ satisfaction, all through the simplicity of expanding your business’s payment processing options!

In this guide, you’ll gain:

• Understanding of why the travel industry is adopting alternative payment methods - and how the businesses that do are reaping the rewards 
• Introductory explanations of two of the most significant alternative payment options: local payment methods and multi-currency checkout 
• A visual guide to the most commonly used local payment methods across the globe 
• The advantages of offering local payment options and integrating multi-currency checkout, for both your business and your travelers 
• Actionable steps on how to get started integrating alternative payment operations into your business’s payment system