London, September 23, 2024 – Travel Ledger, the leading provider of B2B billing and settlement solutions for the travel industry, is launching TL Pay Instant, a cost-effective alternative to credit cards for settling B2B travel transactions. Glamour Srl, a prominent consolidator and tour operator in Italy, is the first adopter of TL Pay Instant for their 1,000-strong distribution network.

TL Pay Instant is a real-time solution designed specifically to offer B2B booking engines a cost-effective alternative to Cards. Using the TL Pay Instant API, a Supplier can collect from trade partners in real-time, as part of the booking flow, bypassing the use of virtual cards and access funds instantly while keeping the same level of security and data rich capability.

“TL Pay Instant reduces the cost for regular business partners to settle with each other, while improving cash flow and reducing risk, all while maintaining maximum transparency throughout the entire transaction process,” said Roberto Da Re, CEO of Travel Ledger. “Our focus on listening closely to our customers has enabled us to create a solution that eliminates the traditional barriers of cost and time, helping businesses across the UK and Europe optimise their operations.”

Suppliers can now eliminate credit risk and access their funds immediately, instead of waiting days for the funds to clear. Once implemented, they can invite travel agents (buyers) within the Travel Ledger network to enable the service themselves. Buyers can then settle payments in real-time with multiple suppliers from a single TL Pay account, all while maintaining full control of their funds until the final moment.

Unlike traditional settlement methods, TL Pay Instant is exclusive to the Travel Ledger network and can only be used between partners who have both activated the facility. This ensures maximum security and significantly reduces the risk of fraud.

Why TL Pay Instant?

Instant A2A (Account to Account) settlement is widely recognised as one of the fastest-growing payment methods, increasingly encroaching on the market share of long-established (but more expensive) cards or slower (and costly in a high-interest rate environment) payment methods like Direct Debit or SWIFT.

• Faster Access to Funds: Traditional credit card transactions can take days for funds to clear into a supplier's bank account.
• Lower Fees: Credit card transactions often come with high fees. TL Pay Instant, on the other hand, charges a small, fixed fee, making it a far more cost-effective solution.
• Easy Reconciliation and Tracking: Travel Ledger logs all transaction and booking data, simplifying reconciliation and tracking with an accessible audit trail, ensuring smooth payment processes.
• Simple Checkout Integration: TL Pay Instant integrates easily with existing B2B checkout systems, supporting both collection and refunds with minimal technical complexity.
• No Risk of Chargebacks: As an A2A transaction, TL Pay eliminates chargeback risks, ensuring funds are secure and can't be pulled back like with direct debit or cards.

About Travel Ledger

Travel Ledger is the leading B2B billing and settlement platform for the travel industry, streamlining and automating payment processes for over 2,000 businesses and settling over £70 million monthly. Our mission is to eliminate inefficiencies and reduce costs in the travel supply chain, offering secure and scalable solutions for accounts receivable, payable, and data exchange. For more information, visit www.travelledger.org.

For more information about this press release, please contact:
hello@travelledger.org 
For additional comments:
roberto@travelledger.org