We're the travel payment experts
Whether it's pricing your trips for international guests, accepting payments in other currencies, or paying commissions and suppliers; our platform, services and deep industry knowledge will make sure you pay and get paid with confidence.
I recently switched to working with Flowbrite. The support offered by the staff and lower fees are by far superior. Payments go through on time, and there are more great features that go straight to my bottom line.
Why choose Flowbrite?
We've worked in and around travel for years
Our management team not only have decades of experience working in payments and foreign exchange, but have also worked first-hand in the industry. We believe that this gives us great insight into the challenges faced by our travel clients.
Our platform allows travel companies (tour operators, DMC's, etc) to receive payments from all around the world in over 30 currencies. They can then convert the funds and pay out to themselves and to suppliers in over 180 countries - where possible using cost-effective local payment networks.
When funds flow the other way, we can help receive commission payments for agents too. Benefit from our great exchange rates and then pay-out with low-to-no-fees.
We are also proud members of the Serandipians Travel Network, one of the world's leading networks for luxury travel professionals.
- Currencies
- 30+
- Countries
- 180+
- Networks
- Local
Pricing
Take the guess work out of pricing with forward contracts
Give your guests a price in their local currency and protect them and you from FX fluctuations by using forward contracts.
What is a forward contract and how would it help?
A forward contract is similar to a spot trade, but rather than the money exchanging today it converts at an agreed date up to 12 month in the future and at an agreed exchange rate.
You can use forward contracts in a number of ways to handle to help minimise the impact of currency fluctuations and market volatility on profit margins. At Flowbrite we offer 2 types of forward contract:
- Fixed forward contracts. Buy or sell an agreed amount of a currency pair on a particular date in the future. For example, if you've sold a trip and know you need to make a balance payment to a supplier in the future you can lock in the exchange rate and your profit margin now.
- Flexible forward contracts. The same as a fixed forward, but with the added flexibility of being able to draw down funds to make payments over the course of the contract. These are useful if you have predictable sales and want to use have a known FX rate to price and make payments against. They are also useful as part of a wider hedging strategy.
Why hedge?
Buying a forward contract and locking in an exchange rate it means you know exactly what exchange rate you're getting for a period of time. You can use it to accurately predict your profit or make it easier to price. If you chose not to hedge the market could move against you leading to potential losses or the need to charge more for your products or services.
Things to consider...
- You must pay a deposit. This is known as "margin" and is typically 3% to 5% of value of the contract. It is essentially a security deposit that must be paid when the forward contract is booked.
- "Markets move. During a forward contract, if the market rates move against you, you won't lose out because your rate is secured. However, if rates move significantly against you, you may need to top up your deposit. This is known as a "margin call".
How do I buy a forward contract?
Froward contracts must be booked through your account manager.
Think globally
Accept payments in foreign currencies.
Agents, DMC's, tour operators, accommodation providers - we want to help you all. Accept payments directly into a named account in any of over 30 currencies.
Local-in, local-out
When you join Flowbrite you are issued local named bank accounts in the US, Canada, Europe and the UK, plus a named multi-currency account in the UK for every other currency. This combined with our local pay out capabilities to over 50 countries really does mean you can transact like a local.
- Make it easy to get paid. Invoice your customers or suppliers in their own currency and in many cases allow them to pay via local payment networks.
- You decide when you exchange. When the money arrives you decide when and if you want to convert it. We can even help combine this with a hedging strategy to minimise your FX risk.
- Delight yourself and your suppliers. We can pay out to over 50 countries using local payment networks meaning you and your suppliers can get paid in full too.
We can help reduce the fees associated with sending and receiving international payments.
We love talking travel
So why not request a callback?