Virgin Voyages Welcomes Paysafe Aboard for Online Payments
29 November 2022 - 10:00AM
Business Wire
Paysafe to streamline online payments for global travelers
booking vacations with Virgin Voyages’ exclusively adult luxury
cruise-line
Paysafe (NYSE: PSFE), a leading payments platform, today
announced a partnership with Virgin Voyages, Richard Branson’s
lifestyle travel brand focused on delivering irresistible cruise
vacations for adult travelers. Paysafe will ensure travelers can
quickly and securely pay online for their next cruise with Virgin
Voyages, whose payments risk will also be mitigated by Paysafe’s
bespoke travel solution.
Whether booking an opulent Virgin Voyages cruise in the
Caribbean, Europe, or the South Pacific as well as Transatlantic
crossings, travelers can now use their credit card to pay online to
book their exclusively adult seabound vacation through Paysafe,
with all transactions processed seamlessly. With 20+ years’
card-not-present payments’ experience, including for travel
merchants, Paysafe will allow Virgin Voyages to better serve its
global customer base by accepting payments in multiple currencies
besides the U.S. dollar.
The relatively high-risk nature of cruise travel payments – with
cruises often booked many months in advance of travelers’ setting
sail – will be mitigated by Paysafe, which has deep expertise in
risk management for travel merchants. Paysafe’s custom risk product
for Virgin Voyages leverages Mastercard’s T&E Risk Monitor,
which is powered by Actuary, to provide the merchant with full
transparency on the holdback and release of funds for processed
ticket sales, ensuring effective credit risk management.
Paysafe will also help Virgin Voyages negotiate the issue of
fraud and chargebacks through its dedicated in-house risk and
chargeback teams. In addition, a Cruise Line Relationship Manager
at Paysafe will enable Virgin Voyages to overcome specific payments
challenges.
Afshin Yazdian, President of Merchant Solutions at Paysafe,
said: “We’re delighted to partner with Virgin Voyages, the latest
venture from the iconic Virgin Group and its co-founder Richard
Branson. We look forward to supporting this unique travel brand’s
growth by leveraging our travel payments experience to facilitate
the reservation process for Virgin Voyages and its customers.”
John Birdsall, Senior Director of Corporate Accounting at Virgin
Voyages, commented: "Virgin Voyages is strongly focused on giving
our Sailors the vacation of a lifetime, and this covers every
aspect of their experience including booking their trip and making
safe and secure online payments. Our partnership with Paysafe has
helped create a smooth and seamless process."
About Paysafe Limited
Paysafe (NYSE: PSFE) (PSFE.WS) is a leading payments platform.
Its core purpose is to enable businesses and consumers to connect
and transact seamlessly through industry-leading capabilities in
payment processing, digital wallet, and online cash solutions. With
over 20 years of online payment experience, an annualized
transactional volume of over U.S. $120 billion in 2021, and
approximately 3,500 employees located in 10+ countries, Paysafe
connects businesses and consumers across 100 payment types in over
40 currencies around the world. Delivered through an integrated
platform, Paysafe solutions are geared toward mobile-initiated
transactions, real-time analytics and the convergence between
brick-and-mortar and online payments. Further information is
available at www.paysafe.com.
About Virgin Voyages
Virgin Voyages is a new lifestyle travel brand focused on
delivering irresistible cruise vacations. Scarlet Lady and Valiant
Lady - the first and second ships in the fleet - were designed to
reflect a yacht’s sleek luxury, offering the intimate, elevated
experience of a boutique hotel at sea. Featuring spaces designed by
some of the top names in contemporary interiors, our Lady Ships are
exclusively adult, a sanctuary at sea for the 18+ traveler. A dose
of Vitamin Sea is naturally intertwined across the entire ship,
with well-being, relaxation and rejuvenation at the forefront. Our
fleet sails to 100 of the world's most incredible destinations with
25+ unique itineraries across four continents. Each sailing offers
alluring entertainment and Michelin-inspired menus served across
20+ world-class eateries. With a modern twist on luxury, coupled
with discerning design, Virgin Voyages offers incredible value for
its Sailors, including food, essential drinks, WiFi and group
fitness classes, all covered in the voyage fare.
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version on businesswire.com: https://www.businesswire.com/news/home/20221129005357/en/
For further information: Nick Say, Senior Manager,
Corporate Communications, North America, Paysafe E:
Nick.Say@Paysafe.com
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