Travel Payment Options
Have you ever heard of a travel payment option? Well, this option has now been made available by the Universal Air Travel Plan, Inc. UATP’s plan has been made to be used in conjunction with American Express’s new travel incentives. The plan helps reduce the cost of corporate credit cards in the economy today. The plan also offers revenue streams for credit card companies and a low merchant service fee for all merchants.
The UATP unveiled the new plan not long after American Express announced its plan to allow “pricing initiatives designed to generate significant additional revenue next year on some business cards.” Ralph Kaiser, the UATP President and CEO also said, “The airline industry is already facing a challenging market and, with the global economic forecast, now is not the time to be raising prices and generating revenue at the customer’s expense.”
Is that nice to know that someone is looking out for your economic well-being and the well-being of your business? Here are the main benefits from UATP’s plan.
Merchant Benefits
-Low Service fees for Merchants
-New Revenue Streams via additional flown revenue
Corporation Benefits
-Level 3 Data
-Centralized Billing
-Improved cost control
-No International conversion fees
-No currency conversion fees
-No membership fees
-No annual fees
As you can see, there are multiple benefits for both the merchant and the corporation. UATP continues to pride itself on providing the best payment option at the lowest cost. UATP projects to generate over $12 billion in charges alone in 2009. UATP has also recently added new forms of payments. These payment methods include: PayPal, BillMeLater, HomeATM, and others.
There is no reason why your company has to continue wasting money on travel anymore. Take advantage of the incentives that American Express recently initiated, as well as the payment plan available from UATP.
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