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What are VANs?

A Virtual Account Number, or VAN, is an automatically generated 16-digit MasterCard number that makes payments between travel agencies and their suppliers fast, easy and safe.

Because a unique number is used for each new booking or payment transaction, VANs are a secure way to pay or be paid. What’s more, VANs are seamlessly integrated into existing booking flows and can be used to facilitate payments anywhere MasterCard is accepted online.

Why do I need them?

In addition to being fast, easy and safe VANs facilitate lower cost travel content, enabling travel agencies to better serve your customers and grow your business cost-effectively.

For travel suppliers, VANs provide immediate, guaranteed payment while offering access to a wider network of agencies worldwide.

VANs also protect against fraud and supplier default, which remain the top payment concerns for the industry*. Each unique 16-digit VAN has associated payment parameters and is protected by MasterCard’s guarantee. By integrating with agency workflows, eNett VANs also make the entire payments process much quicker and more efficient.

*PhoCusWright Payments Report 2013

Innovative payments at your agency's finger tips

Making payments to suppliers doesn’t have to be laborious. VANs integrate into your existing workflows, to make the process faster and easier.

Through automated reconciliation, VANs generate significant efficiency gains, saving you time and money. In addition to earning a rebate on every transaction*, you can save up to 3% on international payments through a range of FX options.
eNett can support travel businesses in more than 70 countries and generate VANs in over 30 currencies. Ready to get started? We can get you up and running within days.

*VANs terms and conditions apply

Fast, guaranteed payments for travel suppliers

As a travel supplier, you’ll know that delayed payments can be costly to your business. But with VANs, you’re paid instantly and it’s guaranteed.

You can also optimise your inventory by offering dynamic and net rates for immediate payment. And because we can get agents up and running within days, you can access a wider network of agencies globally. Better still, VANs are processed like a normal card payment – so you don’t have to make any changes to existing processes.

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About eNett: simplifying payments so you can get back to business

eNett International was established to tackle the issue of complicated travel payments head-on. Combining decades of payment expertise with in-depth travel industry knowledge, we are leading the way in developing innovative business-to-business payment solutions that make payments fast, easy and safe. The result? You spend less time on payments, and more time with your customers.

Media Centre

The latest news, blog and social media posts.

Latest Press Release

17 Jan 2017
eNett sponsors Cambodian student to learn English for a future career in the travel industry
eNett International, a leading provider of dedicated B2B payment solutions, has announced the second beneficiary of its ‘Repay the eNett Way’ CSR programme. Lavin Yongcheng, an underprivileged Cambodian student, will receive a full scholarship to learn English at the prestigious Australian Centre for Education, Cambodia. Lavin, who comes from a displaced community in the poverty-stricken area of Andong, will be given the life-changing opportunity to fulfill his ambition of becoming a translator in the rapidly growing travel industry. “This is an amazing opportunity and I’m very thankful”, said Lavin. “Being able to study and speak English will allow me to get a good job as a translator and support my family. It’s a really good school and my ambition is to work hard and buy a house eventually. Thanks to everyone at eNett who have made this possible.” eNett CEO and Managing Director, Anthony Hynes, said, “I’m a firm believer in education as a powerful tool in breaking the cycle of poverty. English is an immensely sought after skill in the Cambodian travel industry, and it gives me great pleasure to see ‘Repay the eNett Way’ changing lives in this way. It’s not only going to improve his prospects, but that of his current and future family for generations to come.” Launched at the start of 2016, ‘Repay the eNett Way’ is designed to support people impacted by greater globalisation and tourism. The next stage of the programme will see eight eNett staff members travel to Cambodia to experience the problems faced by local communities for themselves. And provide a helping hand with the local initiatives started there. The ‘Repay the eNett Way’ programme aims to draw industry attention to the issues faced by displaced communities in high growth travel destinations, and take a hands-on approach to making a difference to their way of life. Cambodia was the inaugural country selected to benefit from the initiative through its high levels of poverty, despite travel industry growth.To find out more about ‘Repay the eNett Way’, click here. ENDS

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Latest Blog Post

12 Dec 2016
The currency conundrum
2016 has seen a number of significant international events. Arguably two of the biggest were the UK’s decision to leave the EU, and the USA’s decision to elect Donald Trump as President of the United States. The long-term implications on the travel industry remains to be seen. But one of the immediate effects was on currency rates. Following BREXIT the pound dropped to a 31 year low. The day after election night, the US dollar plunged. International travel agencies whose transactions settled on those days, could have seen their profit margins evaporate overnight. With further uncertainty ahead and increasing consumer demand for ever more far-flung destination, managing international transactions and protecting from currency fluctuations should be a key priority for travel companies in 2017. Demand for exotic and unusual holiday destinations has meant today’s travel companies are operating more globally than ever before. The latest Phocuswright research showed that the number of travel companies accepting payments in more than ten different currencies has doubled from 6% to 12% in the past three years. And 6% are now doing business in over 50 different currencies. Although this presents huge opportunities when it comes to global expansion, it comes at a price. Foreign exchange and cross-border fees as well as more admin increases the cost of payments. And when you’re dealing with 50 currencies, the risks of currency fluctuations eating into your margins are high. So how can travel companies reduce costs and risks? The first step is to re-examine your cross-border payment strategy. Modern trends require modern solutions. Too many travel companies stick with traditional methods for international transactions. But what they don’t know is that a lot of the costs of international transactions are ‘hidden’ fees and charges. In fact our analysis shows travel companies relying solely on banks could be spending 3% more on international transactions compared to alternative methods. Secondly, look for FX options that give you control over rates to reduce costs. Solutions offering local funding and settlement significantly reduce the cost of payments, and eliminate the need to set-up expensive banking arrangements in each jurisdiction. And real-time conversion allows agents to lock-in rates at the time of booking – protecting from currency fluctuations. Implementing an effective cross-border payment strategy is a must if travel companies are to effectively meet the destination demands of today’s consumers, while remaining profitable.

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Singapore 189767

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