Video: Ixaris explains how ignoring foreign exchange issue might be costing OTAs dear

Too many online travel agents do not pay enough attention to forex issues and are mainly interested in what rebate they get from their virtual payment card supplier.

Too many online travel agents do not pay enough attention to forex issues and are mainly interested in what rebate they get from their virtual payment card supplier.

In this new video series produced by Ixaris for its clients, Akshay Jain, the payment specialist’s head of product, explains why this is not enough.

Jain said research conducted by Ixaris has shown that forex fees could account for 23% of an OTA’s total payment costs.

Jain explains in what areas firms can optimise their forex strategies and why following a single strategy often does not work.