August updates: Faster payouts, lower FX rates, more free payment methods

It is easier to grow your business when each step of getting paid works in your favor, from how travelers pay to getting the best rates on currency conversion and paying suppliers quickly. That is where WeTravel comes in!

WeTravel lets your travelers choose a free local payment option, which means you avoid card processing costs entirely. With multi-currency checkout, your travelers pay in their own currency and you receive funds in yours.

We now offer 7 free local payment methods in 5 countries, including Australia, with the recent launches of 0% fee BECS and PayTo. As WeTravel adds more local options at checkout, you save on costs and can expand into new markets more easily.

Once the payment is in your account, converting it to another currency is often the next step before paying suppliers. Thousands of organizers use WeTravel to process billions of dollars each year. This large volume allows us to negotiate lower foreign exchange rates than most businesses could get directly — and we pass those lower rates on to you.

We have just lowered FX rates again, now 7–10 basis points better than the market average. In simple terms, on a $1,000 FX wallet conversion, that is about $1 more in your pocket.

And circling back to your pay-ins, those same market-leading rates apply when travelers use multi-currency checkout, as well as when your suppliers use the WeTravel wallet to receive payments.

Once funds are available in your WeTravel account, you can pay out to your local USD account or through wire transfers 24 hours faster than before. This means fewer delays, smoother operations, and less risk of missing opportunities due to cash flow timing.

You can pay your suppliers directly in WeTravel instantly, with no transfer fees, for both domestic and international payments. Paying quickly and sharing savings benefits is a step toward building trust and stronger partnerships, which is another goal we are committed to supporting.

If you are an US-registered business, you can also use the WeTravel Card to spend directly from your balance. It is a simple way to cover day-to-day expenses and give your team easy access to funds when they need them.

We talked more about these savings and other ways to make payments work harder for your business during the session Stop Leaving Money on the Table: Mastering Payments & Profitability at the WeTravel Travel Innovation Summit. It is free to join online, and I hope to see you there!

Thank you for trusting WeTravel to help you keep more revenue, simplify your payments, and strengthen your partnerships.