There’s no arguing that the global economy has been turned on its head due to the coronavirus pandemic. But arguably, no industry has been hit quite as hard as travel and tourism. These industries thrive on people leaving their homes and going from one place to another to spend money.
But when international flights are grounded and people are wary of venturing out in public, tourism- and travel-related businesses take a hard financial hit.
That hit actually affects all of us.
When tourism businesses suffer, consumers ultimately pay the price, either by seeing higher travel costs or by watching places in some of our favorite destinations close their doors forever.
As pandemic conditions are improving and businesses are reopening around the world, it is becoming a top priority to get back to business as usual. At Macropay, we’re doing our part to help stimulate the global economy by offering free payment processing on 11 payment methods.
Macropay puts more money in merchants’ pockets
Travel agencies are suffering right now as millions of dollars in bookings have been cancelled. It’s not easy to survive as a business or as a hard-working individual when your clientele is no longer buying. When travel does resume locally and around the world, many tourism-based companies will likely need to raise their prices to regain their footing.
To help, Macropay is offering a new 12-month processing plan for global merchants, 100% free of charge. This plan allows merchants to accept 11 different payment methods without incurring processing fees or charges, which will allow them to keep more money in their own pockets and start getting “back to normal” faster than ever.
Macropay’s unique platform combines several of the most popular local payment methods into a single API and a single contract to promote frictionless transactions. This allows merchants to accept a variety of payments from their global customers without having to deal with lengthy and complicated gateway setups and contracts for each one.
Merchants who sign up for Macropay now, will enjoy a full 12 months free of processing fees in an effort to restimulate the tourism industry. Some businesses may be able to avoid raising their prices because they can keep more of their revenue in their business.
Preparing for a new normal after coronavirus
Though the coronavirus pandemic has rocked the tourism industry like never before, many experts believe the effects will be temporary. Historically, previous disease outbreaks saw an economic recovery to pre-outbreak levels within six to seven months after the peak of the outbreak, and there’s nothing to indicate the coronavirus pandemic will be any different.
Still, we feel it essential to do our part during these uncertain times. Small businesses around the world have been impacted enough, and now is the time to start rebuilding and preparing for a new normal. In doing so, businesses can position themselves to become more resilient and better prepared for the future.
Contact us to learn more about Macropay’s new 12-month processing plan today!