This post was originally published on this site.
Travelers increasingly expect the same payment flexibility when booking a trip as they do when shopping online, whether that’s paying in installments, using local payment methods, or combining loyalty points with cash. In fact, 60% of travelers are likely to abandon a booking if their preferred payment method isn’t available.
Yet many travel payment systems weren’t built for that level of complexity.
This is what John Lunn, CEO of Gr4vy and former PayPal executive, explores in his latest piece on why traditional payment service providers are struggling to keep up with modern travel commerce.