Smart Payments Strategies To Increase Revenues For Travel Marketplaces
Nicolas Vedrenne - CBDO
Constant growth
What’s the drive?
Reshaped commerce with different consumer needs
Multiple sellers
Low risk revenue opportunity
International expansion
Switch towards marketplace models
Technological development
Types of marketplaces
1. Generalist Pure Players
2. Vertical Pure Players
3. Click & Mortar
4. Collaborative/Sharing Economy
5. B2B Goods and Services
3 Business Models
1. Payment Facilitator
companies are aggregators of small merchants
2. Merchant of Record
‘master merchant’ with individual sub-merchants
3. Broker/Commercial Agent
purely intermediator between buyers and sellers
6 key pain-points of marketplaces
1. Seller onboarding
2. Regulations
3. Payment acceptance
4. Pay-out
5. Split Payments
6. Fraud
Main challenges
1. Multiple seller and buyer onboarding
2. Changing legislations
3. Customer-friendly experiences
4. Manual and time-consuming processes
5. Increase of fraud activities
The Money flow
Stay in Control !
The best practices
1. Stay in Control !!!
2. Stay updated with regulation changes
3. Support local international payment methods and currencies
Five points to take with you
1. Your PSPs must be your best friend
2. Comply with local payment regulations
3. Support several payment methods
4. Split payments
5. Increase protection against fraud
We are a global team of payments technology experts !
Singapore
United Kingdom
Bulgaria
Hong
Kong
United States
Netherlands
Italy
Israel
Cyprus
Austria
R&D
S&M
Technology Support
Risk & Compliance
Finance
G&A
+360 Employees globally
Over 50% in R&D & Tech
24/7 dedicated support Above 99.99% Service up-time +150 Alternative payment methods +100 Currencies
PCI Level 1 Certified Principal Membership Electronic Money Institution Payment Institution Publicly traded on LSE
(Our Clients Love Us !)
Singapore
United Kingdom
Bulgaria
Hong
Kong
United States
Netherlands
Italy
Israel
Cyprus
Austria
R&D
S&M
Technology Support
Risk & Compliance
Finance
G&A
+360 Employees globally
Over 50% in R&D & Tech
24/7 dedicated support Above 99.99% Service up-time +150 Alternative payment methods +100 Currencies
PCI Level 1 Certified Principal Membership Electronic Money Institution Payment Institution Publicly traded on LSE
Thank you