The global aviation market size was around $2610 million in 2023 and is expected to reach USD 5.08 billion by 2030. Aviation businesses are growing rapidly, but they face various challenges while processing credit and debit cards of customers. Low-risk payment service providers consider aviation businesses under the high-risk category because of high-value transactions. Plane company enterprise payment services are specially designed to cater to the needs and payment complexities of the aviation businesses.
Why Do Aviation Businesses Need Plane Company Enterprise Payment Services?
Aviation businesses require plane company enterprise payment services because of the following reasons.
High Transaction Values
The payment amount is quite high when customers book for private jets or charter flights. The cost of a flight or aircraft service can go from 10 thousand dollars to more than 100 thousand dollars. The payment gateway solutions provided by traditional acquiring banks and low-risk payment service providers usually have transaction limits or issues while processing large transactions. Payment declines or security risks can decrease customer satisfaction. Plane company enterprise payment services include strong security features and can process high transaction values smoothly without any interruption.
2. International Customers
Aviation businesses serve customers from many parts of the world. But international payments involve complications. Customers use different currencies and banking systems for payment. The payment gateway solutions provided by acquiring banks and low-risk payment service providers create currency conversion issues or can decline transactions. These challenges will make the booking process challenging for customers. Plane company enterprise payment services allow aviation merchants to accept payments in multiple currencies like USD, EUR, GBP, and many more. Aviation merchants can expand their business without worrying about currency conversion headaches.
3. Enterprise Payment Infrastructure
Large airlines and private jet companies use various systems like advance booking, financial software, and corporate billing systems. The payment system should work properly with these systems to ensure efficient business operations. If it does not integrate properly, then it causes a delay in processing transactions. Plane company enterprise payment services provide the technology necessary to support these complex operations.
Features of Using Plane Company Enterprise Payment Services
The important features of Plane Company enterprise payment services are in the list below.
Payment Links for Customers
Aviation companies work with customers directly while booking flights. Companies send the payment link to customers either through email or by phone. Customers need to click on the payment link, and it redirects to the secured payment page. They have to enter the credit card or debit card details and complete the payment process. QuadraPay partners provide secured payment links for aviation businesses. Merchants can send the link to their customers for booking flights or taking any aviation service. This feature helps aviation companies to collect payments faster and simplify the booking process.
Recurring Aviation Payments
Aviation companies offer membership programs or subscription packages. Customers availing themselves of these programs do payments every month. Managing these payments manually can be quite challenging. It can lead to missed or delayed payments. QuadraPay’s Plane company enterprise payment services include recurring aviation payments. Our payment gateway charges the customers automatically at the scheduled date and keeps a record of it.
Corporate Billing and Invoicing
Many aviation businesses work with corporate clients like large businesses or travel agencies. These clients work regularly with the aviation companies for business travel or charter services. Corporate clients do not like to pay payments after availing each service. They receive an invoice within a gap of a few days for availing multiple services. So aviation businesses require a robust payment system that can manage invoices for multiple and track payments.
QuadraPay’s Plane company enterprise payment services include a corporate billing and invoice feature. The aviation merchant sends an email with the attached invoice to its corporate clients. Clients can view the invoice details, click on the payment link on the invoice, and provide credit card details for payment. Aviation businesses can accept payments quickly through invoice payment gateways.
Industries That Use Plane Company Enterprise Payment Services
Commercial Airlines
Commercial airlines handle hundreds or thousands of flights every day. Each booking involves larger transactions, multiple currencies, or different payment methods. Payment gateway solutions provided by low-risk payment service providers struggle in processing large payments and supporting multiple currencies. So commercial airlines require plane company enterprise payment services to mitigate these issues.
Private Aviation Companies
Private aviation companies usually process high-value transactions. Customers pay thousands or even hundreds of thousands of dollars for charter flights or VIP travel services. Low-risk payment service providers provide payment gateway solutions, but that is not efficient for handling larger transactions.
Aircraft Leasing Firms
Aircraft leasing firms provide aircraft to airlines for a fixed period of time. Firms receive large payments from their clients on a monthly or yearly basis. They require a stable and reliable payment processing gateway solution to manage high-ticket transactions.
Start Using Plane Company Enterprise Payment Services
Are you doing aviation business and struggling to process larger transactions? If yes, then you can connect with QuadraPay. We provide payment gateways that can handle large transactions, provide recurring billing support, and accept multiple currencies. Our payment solution does transactions faster and more securely and enables aviation businesses to grow globally.