A payment processor is manages the technical aspects of payment transactions, guaranteeing that data is securely transmitted between the merchant's bank (acquirer) and the customer's bank (issuer). For travel, having a dependable payment processor is crucial for facilitating smooth and secure transactions, whether customers are making online bookings or paying in person.
Payment processors are the backbone of the travel payments ecosystem, enabling travel companies to accept a wide variety of payment methods, including credit cards, digital wallets, and bank transfers. Processors handle authorisation, settlement, and clearing of transactions, ensuring that payments are completed securely and efficiently.
Travel companies must choose processors that can handle international transactions, support multiple currencies, and provide robust security features to protect against fraud. The cost of processing fees is also a key consideration for businesses in the high-transaction-volume travel industry.
Felloh integrates with multiple payment processors and acquirers to offer travel companies flexibility in handling various payment methods, currencies, and international transactions. With a focus on security and efficiency, Felloh ensures that payments are processed smoothly while minimising fraud risk through advanced security features. Additionally, Felloh helps businesses optimise processing fees by offering competitive pricing and customisable solutions, which are essential for high-volume travel transactions. This allows travel companies to focus on growth while maintaining cost-effective payment operations.