Hotels, restaurants, car rental companies, theatres, and amusement parks are by definition international. All payment methods must be accepted in any currency from international or local credit and debit cards, mobile payments, or gift cards. Pensio’s solutions will help travel and entertainment companies meet customer’s requirements for payments and expand their domestic and international business.

Related to the payment process, successful travel and entertainment businesses address following business issues.

• Many international customers prefer to pay in their own currency instead of having to guess currency rates and fees. This would enable them to make travel expense claims immediately instead of having to wait for weeks or even months before they finalize travel expenses. Hence, customers are loyal to Travel and Entertainment businesses that offer this additional service.
• Pensio’s solution offer Dynamic Currency Conversion (DCC) where credit cards are recognized at the counter and customers can be offered to pay in the local or own currency. DCC converts the payment and customers will get a print of the transaction in the selected currency. Customers will get a competitive rate of exchange and we will rebate a percentage of the foreign exchange back to your business every month. .
• Customers require support for the credit or debit card of their preference. By offering support for many international and local credit and debit cards, the merchant increases customer loyalty.
• Pensio’s solution supports numerous credit and debit cards, local and international in one integration. Pensio has negotiated agreement with acquirers that will allow online shops to offer international and local credit cards.
• Strong cash flow is of importance in any business. Typically travel and entertainment businesses have to wait almost a month to receive cash from acquiring banks.      
• Pensio offers strong cash flow to merchants by shortening the payment cycle from acquiring bank to merchant.