• Skip to main content
  • Skip to secondary menu
  • Skip to footer

Travel Market

your source of travel inspiration

  • Travel Marketing
  • About
  • Make a Contribution
  • Contact

‘Buy Now, Pay Later’ Can Support the Travel Industry Recovery According to Zip Co

August 25, 2021 By admin Leave a Comment

As more consumers look to book a post-pandemic trip, ‘buy now, pay later’ (BNPL) services can provide much needed cash flow for battered tourism industry operators

SYDNEY, AUSTRALIA – In 2020, the global travel industry was hard hit by the COVID-19 pandemic. In Australia, international and domestic borders slammed shut and many people were largely confined to their homes. Now, with many people eager to book holidays, leading global buy now pay later company, Zip Co, says BNPL services can support the travel industry’s recovery.

According to Zip, travel expenses present an opportunity for consumers to take advantage of BNPL products, as holidays often represent big purchases that many consumers might not have the cash on hand to pay for at the time of the booking. With BNPL services like Zip Pay, consumers can spread the expenses over time into more manageable, interest free payments.

For holidaymakers, BNPL presents an opportunity to lock in travel plans early, when prices are lower and then spread the cost of the trip over affordable repayments. Travel expenses can quickly add up, so for holidaymakers, the possibility of spreading the cost of their travel makes it more appealing and affordable, giving them flexibility with their budgeting.

Zip says for the travel industry, BNPL services can inject much needed cash flow into businesses which have struggled to stay afloat during the pandemic. When a customer uses Zip Pay, the business gets paid on the same day by Zip, with payment of approved transactions guaranteed. Zip supports many leading online and POS payment platforms, so it’s easy for businesses to get up and running and processing payments.

Businesses can also benefit from Zip’s Trade and Trade Plus products, which provide business owners with an interest-free line of credit to help them settle invoices, pay bills and purchase supplies. In a period where rolling COVID-19 lockdowns are creating significant uncertainty for the travel sector, Zip Business solutions can support companies across the industry to manage their cash flow.

As an industry leader, Zip simplifies how consumers pay, by offering fast, fair and seamless payment solutions online and instore, as well as small business loans. To learn more, contact Zip directly.

SOURCE Zip

Related

Filed Under: Travel News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

Recent Posts

  • Why Are Cruises So Popular?
  • VIKING MARKS FLOAT OUT OF NEWEST OCEAN SHIP
  • Denver Tourism Surges to 31M+ Visitors in 2021
  • A&K Travel Group Ltd. Acquires Crystal Serenity and Crystal Symphony
  • The new travel startup that wants to plan trips around workcations
  • Make money and travel the world
  • The maiden voyage of one of the world’s biggest cruise ships may be to a scrapyard
  • The Maltese Islands Reopen for Summer, COVID-19 Restrictions Removed
  • This summer travel season travelers should expect ongoing disruptions
  • Traveloka, Southeast Asia’s biggest online travel startup, is close to raising over $200 million

RSS Travel Magazine

  • Hop On Hop Off Bus Tours Announces Athens Tour Routes
  • Hop On Hop Off Bus Tours Offers Tours of London Landmarks
  • Why do people love cruises?
  • Spain experiencing a heat wave
  • What was it like to be on a cruise ship as Covid-19 was all the rage?
  • Summer is Here: The Raft of the Medusa
  • It was 1972 when Munich opened up one of Europe’s first pedestrian-only zones
  • You can now travel abroad and barely ever handle a physical bill or coin
  • Literary tourism has become a mass pursuit
  • If you’re traveling abroad and don’t speak the local language

Media Partners

  • Event Calendar
  • Calendarial
  • Domain Market Research
  • Domain Aftermarkets
  • Event Sharing Network
  • S3H
  • VPNW
  • Press Media Release

Copyright © 2015 TravelMarket.org

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT