FlyWire is a unique service that allows a customer's booking engine to transact a deposit in a variety of payment methods (wire transfer, bank transfer, PayPal, credit and debit cards, etc), in the Guest's native currency, and deposit the amount into the property's native currency. For example, a Mexican property can advertise rates in usd$ via their booking engine to a German guest who will then be quoted - and pay - the deposit amount in Euros, and the deposit amount will be deposited as Mexican pesos into the Mexican property bank account. The solution is especially important for guests who wish to offer wire and bank transfers, because the costs are extremely competitive (more so than credit card fees) via this service.
The service must be enacted by the property, but once done, your Booking Engine will direct a guest who accepts your terms and conditions to the FlyWire service for completion of the deposit amount you have setup. The booking will be saved with a Booking ID assigned to the booking, with a status of UN-confirmed, and a confirmation email will go to the Guest (the default Confirmation Letter you setup). The payment will then be processed via FlyWire. Once FlyWire has received the monies, they will update the booking to become status: Confirmed and we will update the booking with the FlyWire payment reference number.
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