The True Costs of International Payments for Travel Brands

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As an international travel brand, cross border transactions (and their associated exchange fees/markups) are a necessary evil. With an average in 3% markup per transaction, each international booking could be costing you hundreds per booking, and for a mid-sized company handling 140,000 bookings a year, this 3% could mean over a million in cost. But there is an easier way. WEX for travel payments has created a way for your organization to cut this 3% using virtual cards, allowing your travel brand to transact in 24 currencies, all offered to you without FX mark ups or cross-currency fees.

Turismo

TRAVEL COMPANIES INCUR COSTS FOR INTERNATIONAL PAYMENTS
SAVE ON FOREIGN CURRENCY TRANSACTIONS
SAVINGS WITH WEX VCNs IN ACTION
GLOBALLY ACCEPTED SOLUTION
WHAT 3% CHARGES MEAN FOR
YOUR BUSINESS AND CUSTOMERS
Travel company saves
up to 3% and eliminates
FX fluctuation risk
Travel company wants to
pay Thai airline in THB
and settles with WEX in THB
VCN raised in THB
and sent to Thai
airline supplier
Supplier receives
payment via
VCN in THB
£1,050,000 (3% cost) incurred
by the travel company for paying
in foreign currency over a year
Tel: 0845 200 3933 (UK only) +44 (0) 203 553 5835 (International)
Email: sales@wexeurope.com | Web: www.wexeurope.com | © 2016 WEX
SAVE OVER £1 MILLION A YEAR:
This scenario shows how a mid-sized travel company selling overseas travel and paying suppliers in foreign currencies can save
140,000
bookings
per year
Family books 14-night
summer holiday to Dubai
with a travel company
EXAMPLE
Travel company incurs
around 3% when paying
suppliers in Emirati Dirham
£4,500
£135
Travel companies can incur around 3% in
FX mark ups or separate cross-currency
fees when paying in foreign currencies
3%
£35,000,000 booking
volume paid to
international suppliers
3%
3%
190+countries worldwide where
WEX VCNs are being used
45+currencies worldwide where we
settle with transparent FX rates
OUTSIDE OF THE 24 CURRENCIES WE CAN BILL YOU IN,
THE FX CONVERSION IS DONE FOR YOU WITHOUT MARK UP
offered to you without FX mark ups or cross-currency fees
Paying your suppliers in the same currency as you pay WEX in
can help you avoid FX fluctuations
24 CURRENCIES
EUROPE
APAC
AMERICAS
MIDDLEEAST
AFRICA
CHF
HKD JPY MYR
SGD THB
CAD MXNBRL
AED

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The True Costs of International Payments for Travel Brands

1. TRAVEL COMPANIES INCUR COSTS FOR INTERNATIONAL PAYMENTS SAVE ON FOREIGN CURRENCY TRANSACTIONS SAVINGS WITH WEX VCNs IN ACTION GLOBALLY ACCEPTED SOLUTION WHAT 3% CHARGES MEAN FOR YOUR BUSINESS AND CUSTOMERS Travel company saves up to 3% and eliminates FX fluctuation risk Travel company wants to pay Thai airline in THB and settles with WEX in THB VCN raised in THB and sent to Thai airline supplier Supplier receives payment via VCN in THB £1,050,000 (3% cost) incurred by the travel company for paying in foreign currency over a year Tel: 0845 200 3933 (UK only) +44 (0) 203 553 5835 (International) Email: sales@wexeurope.com | Web: www.wexeurope.com | © 2016 WEX SAVE OVER £1 MILLION A YEAR: This scenario shows how a mid-sized travel company selling overseas travel and paying suppliers in foreign currencies can save 140,000 bookings per year Family books 14-night summer holiday to Dubai with a travel company EXAMPLE Travel company incurs around 3% when paying suppliers in Emirati Dirham £4,500 £135 Travel companies can incur around 3% in FX mark ups or separate cross-currency fees when paying in foreign currencies 3% £35,000,000 booking volume paid to international suppliers 3% 3% 190+countries worldwide where WEX VCNs are being used 45+currencies worldwide where we settle with transparent FX rates OUTSIDE OF THE 24 CURRENCIES WE CAN BILL YOU IN, THE FX CONVERSION IS DONE FOR YOU WITHOUT MARK UP offered to you without FX mark ups or cross-currency fees Paying your suppliers in the same currency as you pay WEX in can help you avoid FX fluctuations 24 CURRENCIES EUROPE APAC AMERICAS MIDDLEEAST AFRICA CHF HKD JPY MYR SGD THB CAD MXNBRL AED

The True Costs of International Payments for Travel Brands

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