A deferred payment is a payment arrangement that allows customers to delay payment until a later date, often used in financing plans.
Deferred payments are gaining popularity in the travel industry, allowing customers to book holidays now and pay later, making travel more accessible.
Travel companies must manage the risk of non-payment and ensure clear communication regarding payment terms.
Felloh offers deferred payment options, helping travel businesses manage the associated risks while providing flexible payment solutions to customers.
Pre-authorising a payment means the transaction amount is blocked on the customer’s card, allowing you to either approve or reverse the payment later. This feature helps reduce risk when processing payments at the quote stage or when booking high-demand travel services.
