WeTravel Launches Credit Card for Travel Companies
WeTravel, a payment and booking platform for travel companies and trip organizers, is launching WeTravel Card, the first prepaid credit card available for all travel operators in the United States. Using the card, they can tap into the funds and pay their vendors, without having to transfer the money to a separate bank account first which would normally take about three days on average.
The new WeTravel Card is expected to enable online and over the phone payments anywhere where Visa® is accepted, without the actual need for a physical card. Now, WeTravel users can have real-time access to any funds collected on the WeTravel balance by a transfer to their card within seconds, instead of waiting for days for bank payouts.
An approved WeTravel user can create a WeTravel Card for free and without any application procedure. While using the card, travel operators do not have to pay for any monthly, sign-up, or annual fees. Moreover, they can pay vendors overseas without any foreign transaction fees. In case a payment is made in a currency other than USD, the merchant will be paid in their local currency.
The card has been tested by selected users for the last couple of months. "With WeTravel Card, the funds from our tours are at our fingertips. Once my clients purchase their trips on WeTravel, we are able to pay our suppliers and agents immediately," says Nicolette Stuart, Managing Director of Rockjumper Birding, a birdwatching tour operator offering scheduled and tailor-made trips all over the world.
WeTravel is offering virtual cards to all users today, while physical cards will start shipping in the coming months. Approved existing and new WeTravel users will have access to WeTravel Card beginning October 31, 2019.