We’ve partnered with Slice Pay to bring you a new TravelPay Later!
GREAT FOR AGENTS
Estimated to increase conversions between 20% to 30%^.
Estimated to lift the average sale between 30% and 50%^.
TravelPay Later is built for the travel industry.
Get payment up front, in full.
All at no cost to the agent.
Simple and easy to use with no effort or changes required on your part.
Attract new customers with another way to pay their travel.
Use a range of marketing resources and advertising material to promote TravelPay Later.
GREAT FOR CUSTOMERS
Budget Management
Customers can secure today’s prices with just min. 15% or more deposit (dependent on value of travel) and spread the remaining balance into weekly or fortnightly instalments — avoiding one large upfront payment.
Simple and Easy to Use
When your customers choose to pay with TravelPay Later, they will be able to simply set up the Slice Pay portal.
Debt Free Travel
All remaining instalments are due before the departure date meaning customers can travel debt free.
For your reference, the deposit structure below outlines the minimum and maximum amounts required, based on value of booking:
- Value of booking $0 – $5,000 = Min. deposit of 15%, 25%, 35% or 40%
- Value of booking $5,001 – $10,000 = Min. deposit of 20%, 30%, 40% or 50%
- Value of booking $10,001+ = Min. deposit of 20%, 30%, 40% or 50%
HOW DOES IT WORK?
01
Step 1
Send your customers your TravelPay payment link to make a payment
02
Step 2
Customers can choose to pay in full with card, or use 'TravelPay Later' to pay in weekly or fortnightly instalments
03
Step 3
If your customer chooses to pay via TravelPay Later powered by Slice Pay, they will be required to enter their Departure Date, and will then need to pay a min. 15% or more deposit (dependent on value of booking) with balance paid in weekly or fortnightly instalments (maximum 26 instalments).
04
Step 4
Once your customer is approved, and necessary travel documentation submitted to Slice Pay, funds will be settled into your account by TravelPay. Note - Funds should settle within 3 business days subject to documentation received and approved by Slice Pay.
How do you calculate the deposit for each booking?
If you want to find out what deposit is required by your customer, please refer to the below structure. This shows how much deposit is required based on the total amount.
- Value of travel $0 – $5,000: Minimum deposit of 15%, 25%, 35% or 45%
- Value of travel $5,001 – $10,000: Minimum deposit of 20%, 30%, 40% or 50%
- Value of travel +$10,001: Minimum deposit of 20%, 30%, 40% or 50%
Who do I contact for assistance TravelPay or Slice Pay?
- On-boarding process (e.g. setting up customer payment link): Please contact our sales team Cath Bisaro 0411 222 120 / Leigh Holme 0438 237 811. Alternatively, you can contact our Support team on 02 9556 7580 (option 1).
- Ongoing support (e.g. refunds, payment queries etc): Please contact Slice Pay on 0483 917 641 or email via [email protected].
Could customers use their own credit/debit card when using TravelPay Later powered by Slice Pay?
Of course! With TravelPay Later powered by Slice Pay, customers can use their existing credit or debit cards to pay the deposit and repayments. No need for a new card or application.
Do customers need to pay any interest or late fees?
No. Customers will not be charged interest or late fees for their Slice Pay payment plan.
How do I market this to my customers?
We have put together a Marketing Assets Library where you can access graphics and copy to share with your customers. Click here to take a look and start downloading assets to promote to your customers. We will consistently build on this. Please let us know if there is something you need that you can’t find on this page. You can only use marketing material which is approved and contained within this library
How can the customers pay the instalments?
Customers who choose TravelPay Later powered by Slice Pay will be able to choose between weekly or fortnightly instalments after they pay the min. 20% or more deposit (dependent on value of booking).
Frequently Asked Questions
FAQs
Important Information.
*Minimum spend $250 for 6 months and $500 for 12 months. Equal monthly payments required. New customers must apply and be approved for a Latitude Gem Visa credit card. Available on participating Latitude credit cards only.
Conditions, fees and charges apply. The plan is payable by 6 or 12 equal monthly instalments (exact amounts specified in your statement). As the equal monthly payment plan is for a term less than 33 months, the minimum monthly payment will be greater than an interest free payment for the same term and you may pay more interest on any other outstanding balance on your credit card account, as your repayments will be allocated to this plan first. If you don’t make your minimum monthly payment, for two consecutive months, you agree that all equal monthly payment plans with a term less than 33 months will change to a minimum monthly payment plan for the remainder of the original plan term. Interest may apply on any outstanding balance upon expiry of the promotional period at 26.99% p.a. Account service fee of $9.95 per month applies (subject to change).
This notice is given under the Latitude Gem Visa Conditions of Use (as applicable), which specify all other conditions for this offer. Credit is provided by Latitude Finance Australia ABN 42 008 583 588 Australian Credit Licence number 392145.
^RBC Capital markets. See article here.
