Cash In On the Benefits of Virtual Payment Automation
Reserving and paying for hotel rooms during a business trip can be tricky for travelers without corporate cards. BCD Pay’s Virtual Payment Automation (VPA) makes it simple and secure for employees, contractors, or even guests to book hotel rooms with a virtual card.
Paying out of pocket for travel expenses is a top pain point for business travelers, according to a Payment and Expense survey we conducted this spring. Eliminating travelers’ credit liability for hotel bookings can be a big boost to traveler satisfaction in your program.
Here’s how it works:
- A traveler books a hotel room through the travel program and chooses central payment at point of sale.
- A virtual card is automatically generated from your bank to guarantee the booking.
- The traveler’s booking details are sent by secure email, API or fax to the hotel.
- At check out, the traveler’s approved charges are billed to the virtual card. The traveler is responsible for any miscellaneous charges.