MAKE PAYMENTS WORK FOR YOU.

You know how much payment delays can cost your business. With eNett Virtual Account Numbers (VANs), you’re paid instantly.
And it’s guaranteed.

VANs give you access to a wider network of agencies and increase conversion by opening up alternative forms of payment. Better still, you don’t have to change any existing processes.

GET PAID FASTER.

Because eNett VANs are accepted through the world’s fastest processing network – Mastercard – you don’t wait for remittance processes or rely on invoices to be paid.

Shorter settlement cycles mean faster and smoother cash flow, as well as less risk from agency default or funds being trapped.

REDUCE OPERATING EXPENSES.

EASY AS A CREDIT CARD.

Getting paid with eNett VANs is as easy as accepting a credit card because VANs are accepted anywhere Mastercard is online, via the same processes and facilities.

OPTIONS FOR HOTELS AND AGENCIES.

Hotels and travel agencies can use VANs in several ways. From processing payments per booking, taking payments in multiple instalments, through to processing payments in bulk at set intervals. Whatever your preference, it can be accommodated with VANs.

EFFICIENCIES TAKE FLIGHT.

Airlines can accept VANs via the same facilities used to accept customer and corporate cards, allowing for operational efficiencies of these approaches to be expanded to portions of the agency channel.

REDUCE FRAUD.

Fraud rates in online travel sales have been found to reach 1.5%, based on bespoke research completed for eNett International by Edgar, Dunn, and Company. Airline loss of revenue in direct distribution has also reached 1.2%, with 3.8% of bookings cancelled or rejected due to suspicion of fraud, according to a Phocuswright study conducted in partnership with IATA and ARC.

eNett VANs can greatly reduce fraud, and can achieve near-zero fraud distribution for airlines in particular. This can deliver major savings in both direct fraud losses as well as in indirect fraud costs related to minimisation and recovery.

When a travel agent acts as merchant of record and makes a payment to an airline with a VAN, the fraud checks happen with the agent before the airline is paid. A chargeback triggered on the end customer’s card, for example due to fraud, is then the travel agent’s responsibility.

REACH MORE CUSTOMERS.

INCREASE YOUR CUSTOMER BASE.

eNett VANs enable travel agencies to act as merchant of record to collect payment, then use VANs to make payment to travel suppliers. 

 

INCREASE YOUR CONVERSIONS.

Increase your customer conversions by opening up alternative forms of payment via travel agencies and accessing a wider agency network. 

GREATER VISIBILITY.

Travel agencies focused on specific geographic markets are usually well placed to accept payment methods preferred by customers in those markets.

These methods may not be readily accepted by airlines and hotels, or may be costly to integrate, especially where additional fraud monitoring or other processes may be needed.

In these cases travel agencies can use a ‘merchant model’ and accept payment from customers, before making a separate payment to their suppliers.

Travel agencies typically prefer to pay suppliers with eNett VANs. They may even be more willing to list, or may list more prominently, suppliers that accept eNett VANs.

PROTECTION FROM AGENCY DEFAULT.

eNett VANs deliver guaranteed payment from travel agencies to travel suppliers, and have done so since 2011. This guarantee means there is no need for travel suppliers to undertake credit assessments and enforce credit limits for travel agencies, and removes the administrative cost and burden of credit limit reviews. Removing credit limits can increase sales for the travel agency and the travel supplier. This is because credit limits can have unintended consequences, such as limit sales during profitable peak periods or for fast growth travel agencies.

HAVE A QUESTION?

Interested in finding out more about how to take the cost and complexity our of your B2B travel
payments? Please get in touch.