felloh
Payment operations for travel companies
- 1-20 employees
- B2B
- Travel
- Payments
- Fully remote
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Company mission
To be the best in class for all things travel payments.
Our take
Travel companies are required to protect customer payments. So merchant acquirers, who process card payments for the travel merchants, are obliged to refund customers in case of failure of the merchant to fulfil the booking. The regulations require insurance, bonds or trust accounts to cover this risk, and merchant acquirers pass on their risk in the form of higher processing fees to the merchants.
Normally, data about this risk was either low quality or not available, meaning that these pricing changes were being made blind. Felloh set out to combat this, by monitoring the status of all payments in and out of the travel industry ecosystem. It integrates with the merchant acquirers, travel merchants booking systems and provide ‘bank’ accounts to manage all payments, eliminating guesswork and allowing accurate mitigation of the risk at lower cost.
This is popular amongst merchant acquirers, as they turn travel from high risk to low risk. And its good for merchants because they pay fairer costs. On top of this, Felloh also helps travel companies to better manage compliance, payments, reconciliation and cash flow, making it an attractive option for all.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Flexible working. We are 100% remote and we measure outcomes not adherence to schedules
- 25 days of paid time off per year plus public holidays
- Private health and dental insurance
- £500 working from home budget
- A brand new MacBook (or whatever equipment you need)
- Budget for books and other resources you need, and we encourage you to find conferences or other ways to develop
Leadership
William Bicknell
(Founder)Previously Marketing Manager at Marshall Cavendish, Commerical Director and co-founder at Chillisauce for 11 years, and CEO at Carsift for 5 years.