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Agency vs Merchant Model Two Ways to Handle Payments in Travel

Guess what commercial model travel agencies follow? Well, the answer seems to suggest itself: Agencies operate on the agency model. It’s the right answer, but only partially. Today, more and more travel resellers take another approach — one that gives them more control over payments. They shift to the merchant model. Let’s see why. The video contains: 00:00 Intro 00:21 Agency vs Merchant Model: Two Ways to Handle Payments in Travel 01:13 Agency Model Explained 03:33 Merchant Model Explained 06:33 Merchant of Record: Critical Decisions 13:31 Payment Providers for Smaller Travel Businesses 17:14 Mixed Setups Sources: [1] https://www.utwente.nl/en/alumni/insp... [2] https://www.mightytravels.com/2024/01... [3] https://stripe.com/en-bg/resources/mo... [4] https://www.wetravel.com/ [5] https://duffel.com/payments [6] https://stripe.com/ [7] https://duffel.com/ [8] https://buildingbenjamins.com/stock-t... Music in video by EpidemicSound (www.epidemicsound.com) Learn more about AltexSoft: https://www.altexsoft.com Follow us on LinkedIn:   / altexsoft   Follow us on Facebook:   / altexsoft   Follow us on X: https://x.com/altexsoft Follow us on Instagram:   / altexsoftcom   #Agency_vs_Merchant_Model #Merchant_of_Record #Payment #Agency_model #OTA