US travel payment and booking platform WeTravel has announced the launch of what it claims is the first pre-paid card for travel operators in the country.
WeTravel Card allows users to tap into the funds and pay their vendors without having to transfer the money to a separate bank account first which would normally take three days.
The card enables online and over the phone payments anywhere where Visa is accepted, without the actual need for a physical card.
Approved WeTravel users can create a WeTravel Card immediately 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 and can pay vendors overseas without any foreign transaction fees.
When a payment is made in a currency other than US dollars, the merchant will be paid in their local currency.
Johannes Koeppel, chief executive and co-founder of WeTravel, said: “For multi-day travel companies that already collect payments and manage bookings with WeTravel, paying their vendors directly from the platform is the natural next step.
“Using this brand-new card, our users can now easily pay vendors the moment they make a sale.”
The card was officially launched after being tested by selected users over the last couple of months.
Nicolette Stuart, managing director of Rockjumper Birding, a birdwatching tour operator, said:
“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,” said