Online card payments and fraud cost airlines billions in lost profit every year:
• 1.1% – revenue lost by airlines through website channel due to card fraud
• 1.7% – revenue lost by airlines through mobile channel due to card fraud
• 3.4% – bookings rejected due to the suspicion of card fraud
(source: CyberSource Fraud Management Study – Airline Industry Edition – 2014 )
Bitcoin is cheaper to accept than a card payment, and chargebacks are not possible. Bitnet provides a commerce platform that enables airlines to easily accept bitcoin. Airlines never touch bitcoin and are not exposed to any volatility. We have also partnered with UATP, accepted by >260+ airlines globally, to make it easier for airlines to accept bitcoins.
Download this article written by Bitnet’s Chief Commercial Officer, Akif Khan, explaining how airlines can accept bitcoin payments to maximize profitability.
Want to learn more about how airlines can accept bitcoin payments to maximize profitability? Join Bitnet, exhibitor at the upcoming Aviation Festival Asia 2016 – held this 23-24 February in Singapore. Find out more