Travel payments glossary

Written agreements

Documented contracts that set out the terms governing payments and travel services.

Plain-English definition

Written agreements are documented contracts between parties that set out the commercial, operational and legal terms governing payments and travel services. They include merchant-acquirer agreements, supplier contracts, trade-account terms, customer terms and conditions, trust deeds and settlement agreements. The contents drive what happens when something goes wrong — refunds, disputes, supplier failure and regulator queries are all decided against the written terms.

Why it matters in travel

Travel businesses operate under stacks of written agreements with acquirers, schemes, suppliers, agencies and customers, each with their own refund, dispute and liability rules. Pulling the right agreement to support a refund or dispute decision is a recurring operational task.

A travel business at scale carries hundreds of agreements that quietly shape what is permitted, owed and disputable on any given booking. The customer-facing terms, the supplier contracts, the acquirer agreement, the scheme rules, the consortium documents — each one is read most often at the moment something goes wrong, when the answer matters most and time is shortest.

The travel businesses that handle written agreements well keep them indexed against the booking, supplier or customer they apply to, so the right answer is one query away. The businesses that store agreements in folders and rely on memory accept inconsistent decisions and the disputes that follow.

How felloh helps

felloh keeps the booking-level evidence that those agreements rely on — payment trail, supplier confirmation, communication, cancellation history — attached to the same record so the right answer is available without searching across systems.

Connect the dots.

See how payments, settlement, refunds and reporting evidence connect around every booking.