Case Study: Helping travel agencies take control of their commissions

The challenge

Receiving an international payment often involves high fees for both the sender and recipient of each payment. Not only that, but the poor exchange rate used to auto-convert the funds by banks and some payment platforms means that you just simply receive less of the money. Couple these high charges with the added complexity for the supplier trying to make the payment, and you have an all round bad experience.

The Flowbrite solution

At Flowbrite we believe there is a simple solution. We can issue agency named bank accounts in over 30 currencies to agents in the US and around the world. How does this help?

• Reduce sending and receiving fees - we use local payment networks where possible.
• Take control of when you convert your money.
• Benefit from transparent, competitive, and fixed exchange rates.

Let's consider an example

A travel agency based in the US is working with a supplier in Europe. Instead of the typical process where EUR payments are automatically converted into USD with unfavourable rates and fees, Flowbrite steps in with a local EUR account for the agency. The European DMC now deposits EUR directly into this account as if it were a local transaction. The agency can then choose when and how to convert the funds into USD or any other currency, benefiting from ultra-competitive FX rates and zero wire transfer fees.

The result

With Flowbrite, agencies gain:

• Cost Savings Zero-platform fees, eliminate excessive wire charges and benefit from ultra-competitive exchange rates.
• Transparency No auto-conversion - know what exchange rate you're getting.
• Control Decide when and how to convert currencies, optimising financial strategies across global markets.

With over 25 years of experience in luxury travel and payments, Flowbrite understands the unique needs of travel businesses and is committed to improving how they send and receive funds globally.