PROVAB TECHNOSOFT (http://www.povab.com) is one of the leading online travel software development and merchant account integration company, delivering best in class travel software and airline reservation system software to global travel management companies.
A merchant account is a specific kind of bank account intended to hold funds taken from credit and debit card sales through online payment interfaces on travel software and POS. When a customer pays for booking travel products using credit or debit card, money from his account is immediately transferred to the travel agent’s merchant account. From there, money will be transferred out to a normal business bank account through a standard protocol.
Taking payment individually from those who book flights, hotel rooms, etc, through you travel agency might have become a little difficult because of increased transactions on a day to day basis. Often, smaller travel agents don’t get the merchant accounts directly through the banks so easily. But online travel software definitely needs payment gateways to survive. That’s why third party payment gateways like PayPal, 2CO etc are used worldwide.
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Our integration will provide you real-time information, fares and other costs, availability of travel products and services. Our GDS integration features include hassle-free integration with travel solutions, entirely automated system and robust back office. We also integrate low-cost carrier APIs as well as third-party airline APIs Arzoo, Cleartrip, MakeMyTrip, Gobibo, Yatra, etc.
Travel technology companies help them in devising an effective online strategy taking into account all the above. They enhance their digital presence through Twitter, Facebook, email, etc. They develop travel portal using the best of travel technology and web services available. Setting up engines for booking flights, hotels, etc, as per the requirements. The suppliers are integrated. Then the content management is started.
Impact of GDS on Hotel Booking Systems
In a recent survey, year 2015 set up a record for travel bookings through global distribution system. Around 62 million bookings were processed across various travel portals and online hotel booking systems. In 2016, its expected to cross 64.5 million as per latest projections. In terms of revenues $12.5 billion was clocked across all channels in the second quarter in the top 50 global markets, encompassing 69 million hotel room-nights. United States, India and UAE saw more absorption from OTAs, travel agency software and online hotel software.