UK-based Travel Management Firm Corporate Traveller Now Accepting Crypto Payments

News, Now Accepting | April 16, 2019 By:

UK-based travel management company Corporate Traveller has teamed with crypto merchant platform BitPay to allow cryptocurrency payments on its platform.

Established in 1993, Corporate Traveller, the first corporate brand of Flight Centre Travel Group (FTG), manages business travel programs for small to medium enterprises (SMEs). It has over 90 offices across Australia and is present in six countries, including New Zealand.

Corporate Traveller’s partnership with Bitpay will allow the firm to accept bitcoin and Bitcoin Cash payments from its SME customers for business travel bookings. Using BitPay, payments received via the supported cryptocurrencies will settle directly in Corporate Traveller’s bank account within two business days, denominated in GBP. BitPay charges 1% to approve the crypto transaction and settlement, which is cheaper than credit card processing.

“We chose BitPay to manage our merchant processing because they make it easy and handle the entire process of getting the bitcoin or Bitcoin Cash from the customer and depositing cash into our account,” said Andy Hegley, UK General Manager, Corporate Traveller. “The blockchain industry is growing exponentially and we are excited to be able to offer our clients the ability to pay in bitcoin, whilst having the reassurance of our settlement from BitPay being in pounds sterling. We believe Corporate Traveller is the first business travel management company to offer this payment option to SMEs in the UK.”

BitPay claims to process over $1 billion annually from merchants and business to business (B2B) customers. It enables transactions from any computer or mobile device and invoices can be generated by an email invoice, or as an online eCommerce transactions.

“We know blockchain payments provide a strong user case for travel, with customers now able to spend bitcoin on corporate travel bookings,” said Sonny Singh, Chief Commercial Officer of BitPay. “We have seen big growth from airlines and travel agents who are tapping into the massive blockchain market.”