Duffel, Stripe team to process flight payments

Flight Application Programming Interface (API) provider Duffel has launched the Duffel Payments payment solution, which enables travel companies to accept customer payments online by integrating with the Duffel API, allowing them to make money by selling flights , FinTech Finance reported on Tuesday (Feb. 8). .

The Duffel Payments platform was built for the travel industry through a partnership with payment service provider Stripe, according to the report. No upfront capital or deposit is required for Duffel Payments users.

“Securing a payment provider in the travel industry is notoriously difficult,” said Steve Domin, Duffel CEO and co-founder, in the report. “Other payment solutions require new businesses to have large amounts of money up front before even receiving payments from customers. These solutions can also make it difficult to bundle other products, refunds can take a while, and the payment process itself can be temperamental.”

Duffel Payments allows travel sellers to add markups to their fares and bundle other travel products into one travel package for customers to charge directly, the report said.

“Companies like Duffel are opening up the travel industry to new players by breaking down many of the barriers that prevent companies from getting started and thriving,” said Stripe Head of EMEA Startups Mark Barry in the report. “We’re excited that they’re leveraging Stripe’s financial infrastructure to abstract complexity and create new opportunities.”

According to the report, Duffel Payments is available in more than 30 countries and more than 135 currencies.

In other news, the $2.9 billion merger of Frontier Airlines and low-cost competitor Spirit Airlines into an “ultra-low-fare airline,” expected to complete in the second half of the year, heralded what could be a hectic travel year in 2022 Industry.

Continue reading: The travel industry anticipates expansion as new brands and services enter the market

Digital Economy Payments February 2022 US Edition – US Consumers And The Post-Holiday Digital Shopping Ramp-Up” by PYMNTS found that travel is very strong on the minds of digital-first consumers among the 2,600 respondents this year.

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