Travel agency expands product line with foreign currency cards for consumers
When you travel, how do you pay? Most people use their credit cards overseas and don’t realize they get charged an extra 2.5% fee on international purchases, plus a hidden exchange rate.
Travelling with foreign currency just got more affordable and transparent with the launch of Berkeley’s reloadable Travel Mastercard, custom built for a global travel agency.
The travel agency’s first foray into the payments industry expands on their existing travel product line as they look to grow and diversify their customer base with a fully branded product.
This forex payments program was conceived, built, and managed by Berkeley in collaboration with CIBC and Mastercard.
Now, in addition to providing travelers with cheap flights and last minute travel deals, the agency lets travelers load up to $3000 of a foreign currency of their choice onto a prepaid card before they travel.
For travellers looking for an affordable alternative to using credit cards, cash, or cheques overseas, the Travel Mastercard is a perfect solution.
Customer Benefits Include:
Cards can be purchased, loaded, and reloaded online 24/7
Live currency rates are clearly displayed so you can shop competitively
Multiple currencies available including US dollars, Euros, Mexican Pesos and British Pounds
Make point-of-sale, tap, ATM withdrawals, or online purchases anywhere Mastercard is accepted
Chip and PIN security and emergency card replacement for traveler peace of mind
The card is a prepaid Mastercard that charges customers a single clearly posted exchange rate, accessible 24/7 on the travel agency’s website.
When the rate is favourable, travellers can purchase currency online which gets loaded (or reloaded) onto the card in real time. The service is online and accessible 24/7, so the card can be topped up at any location or anytime.
For convenience, travelers can also login to the travel agency’s custom branded “Mycard” website to see their recent transaction histories, current balance, profile information, and load more money on their card.
But Cards are Only Half the Story…
For best results, explore our platform capabilities, our strategic discovery sessions, and the following Solutions to get the most out of your program.
Drive engagement with employees and sales staff
Get better results from in-store and door-to-door sales
Simplify and brand shopper marketing experiences
Safely manage and track payments for those in need
Disburse funds with security, compliance, and controls
Manage and payout tips, commissions, and expenses
Know the difference between auto-approval and manual approval for optimal program success and implementation!
Learn how working with escrow funding versus order-to-order funding can speed up order fulfillment processes.