Alternative Payment Methods (APMs) are a category of payment method that act as an alternative conventional credit or debit cards. These include digital wallets, bank transfers, and cryptocurrency payments.
APMs are gaining significant traction within the travel sector, addressing a variety of customer preferences and market demands by providing flexibility and convenience in payment options, thereby improving the overall booking experience.
Travel companies must support a variety of APMs to accommodate international customers, requiring integration with multiple payment systems and the management of potential complexity in reconciliation and settlement.
- APMs offer non-traditional payment options for customers.
- They cater to diverse preferences and enhance travel bookings.
- Supporting various APMs involves system integration and complexity management.
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Felloh provides PCI-compliant card processing, partnering with multiple merchant acquirers to offer competitive rates for Visa and Mastercard transactions. You can also choose to accept Amex cards. With real-time transaction data, you’ll see completed transactions instantly in your dashboard.
