03 June 2012 ~ By Stephen Joyce ~ 8 Comments

Payments in Travel and Tourism are a Real Challenge

One the biggest challenges I see working with tour and activity operators everyday is the challenge of payments.  In order to move this cash laden, on site dependent business sector into one where advanced bookings and electronic distribution is the norm, we need to face this challenge in earnest.  In my latest post on Tnooz titled “The Good, the Bad, & the Ugly of Tourism Payments” I look at some of the challenges and some of the opportunities in payments for the tourism sector.

In my opinion, there is a lot of opportunity in the SME payments sector.  Innovators like Stripe, Braintree, and Square are excellent examples of finding credit card payments solutions for small business, the issue is that these systems are only available to merchants in the U.S.  The greater challenge, and opportunity, exists in finding solutions for small businesses in emerging markets, those in Asia, South America, and Africa.  The innovator who provides a quality solution for small business in those markets will do very well.

Take a read of my latest post and let me know what you think.  Leave your comments on Tnooz, or feel free to leave them here too.

8 Responses to “Payments in Travel and Tourism are a Real Challenge”

  1. Costa Rica villa renta 25 June 2012 at 3:43 pm Permalink

    Payments in Travel and Tourism are a Real Challenge is truly a great read for me. I have bookmarked it and I am looking forward to reading new articles. Keep up the good work!

  2. Mario Mucalo 18 July 2012 at 10:39 am Permalink

    We develop software for tourism as well, and I agree that the problem with payments is great. However, as most of our clients are outside the U.S., we are still required to work with “old technologies”.

    We are waiting for innovators to come to the European market and make taking online payments cheaper and easier.

  3. Bed and Breakfast New Zealand 21 July 2012 at 6:02 am Permalink

    Yeah a though deal it is..but still there are some ways to make payments like online payments.Thanks for your post.

  4. joebaath 31 July 2012 at 9:55 am Permalink

    Great post .

    I have read this blog yes its all true..

    Nice blog

  5. lil tay tay 17 September 2012 at 3:55 pm Permalink

    man i need tu find out the exact payments they give

  6. Best deals on airline tickets 10 April 2013 at 9:18 am Permalink

    Thanks for providing informative post on travel and tourism. I will follow your site post from now onward. Great post :)

  7. Tour guide 18 April 2013 at 9:18 am Permalink

    People are more cautious when it comes to online payments. Many shy away from it, enter any data in the forms. There are, however, also in Germany, providers that offer online payments for different models, as well as sms, etc. – has proved itself very well in smaller amounts.

  8. Halong Cruises 23 April 2013 at 6:48 am Permalink

    I really appreciate your great post that its a big challenge. Thanks for sharing this article. keep me more updates.

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