Its common for businesses to pay for travel and hotel bookings with a credit card.
So common that the popular card networks like Visa and Mastercard have made it seem as if card based payments are the only reliable ways to make travel bookings. With loyalty points to boot.
Increasingly, merchants who provide these services have become wary of paying steep merchant discount rates or MDR to card companies.
This becomes especially important when their own margins are wafer thin. Imagine an airline or a tour operator saving 2.5% of their billing on card processing fees each time!
This is now possible, as merchants have been accepting payment using Wire transfer and ACH transfer to their bank accounts directly. Services like REMITR make this possible due to low cost and fast transfers directly to bank accounts bypassing the SWIFT network altogether. This is not only faster but saves businesses a ton of money spent on wire transfer fees.
REMITR provides a robust and trustworthy alternative to wire transfer by making it easy to send money directly to bank accounts without paying high wire transfer fees. Check out the various options for making international payments from Canada and UAE by signing up for REMITR today.