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Work Travel Published: 23rd November 2023

The Best Business Travel Payment Solutions

In the world of business travel, there are various costs that need to be paid for, whether it's flights, accommodation or food and drink. But which are the most efficient payment solutions for businesses when sending their employees away? We've got them all covered for you below:


Business credit cards

Business credit cards, crafted for entrepreneurs and companies, streamline expense management and aid in building corporate credit. They come with higher credit limits and business-centric features like expense tracking. These cards also offer various rewards and the ability to issue cards to employees, enhancing convenience and financial control.



  • Efficient Expense Monitoring: These cards streamline the tracking of company expenditures, aiding in accounting and tax documentation.
  • Cash Flow Assistance: They provide a credit line for short-term financial needs, useful in managing unexpected costs or while waiting for client payments.
  • Rewards Programs: Many cards offer incentives such as cashback, travel points, and business purchase discounts.



  • Higher Costs: Business credit cards typically have increased interest rates and extra charges, such as annual fees, which can add up if balances aren't cleared promptly.
  • Personal Financial Responsibility: Small business owners often bear personal liability for the card's debt, potentially affecting their personal credit score.
  • Misuse Risks: Without proper oversight, there's a risk of employees using company cards for unauthorised purchases, leading to financial and administrative complications.

Virtual credit cards

Virtual credit cards serve as a digital alternative to traditional physical cards, offering enhanced security for online purchases. Each transaction is secured with a distinct, temporary card number, minimising the risk of fraud. These cards are particularly useful for online shopping and bookings, providing controlled spending options and seamless integration with various expense management systems, suitable for both individual and business transactions.



  • Enhanced Security: Virtual credit cards offer unique, one-time-use card numbers for each transaction, reducing fraud risk.
  • Expense Control: Firms can set spending limits, ensuring compliance with travel policies.
  • Convenience: Virtual cards are quick to issue, ideal for last-minute travel arrangements.



  • Limited Acceptance: Some merchants may not accept virtual cards, particularly for in-person transactions.
  • Transaction Fees: Providers may impose fees for each transaction, increasing costs.
  • Lack of Physical Card: Not suitable for situations requiring a physical card, like car rentals.


Billback refers to a billing approach where additional transaction costs, like credit card processing fees, are passed on to the customer. Widely used in sectors such as travel and hospitality, this method involves adding extra charges, typically for services or convenience, directly to the customer's final bill.



  • Streamlined Expense Management: Billback simplifies the process of handling various travel-related expenses, consolidating them into a single bill for easier tracking and reconciliation.
  • Enhanced Visibility: It provides businesses with a comprehensive view of all travel expenses, facilitating better budgeting and financial planning.
  • Cost Control: Billback allows for tighter control over travel costs, helping companies negotiate better rates with service providers and potentially saving on expenses.



  • Complex Billing Process: Implementing Billback can be administratively complex, requiring detailed tracking and management of individual expenses.
  • Delayed Payments: Travel expenses may not be paid immediately, potentially impacting cash flow and leading to delayed reimbursements for employees.
  • Vendor Acceptance: Not all travel service providers may accept Billback as a payment method, limiting its usability in certain situations.

Central travel accounts

Central Travel Accounts (CTAs) are corporate financial tools designed to centralise and manage expenses related to travel. These accounts simplify the process of paying for flights, hotels, and car rentals, offering businesses a unified billing solution. They enhance expense tracking and can lead to savings by aggregating payments.



  • Consolidated Expense Management: Central travel accounts streamline the handling of various travel-related expenses, consolidating them into a single account for easy tracking and reconciliation.
  • Improved Visibility: They provide businesses with a centralised view of all travel expenditures, facilitating better budgeting and financial planning.
  • Negotiation Power: Central accounts enable companies to negotiate better rates with travel service providers due to the potential for higher transaction volumes.



  • Administrative Complexity: Implementing and managing central travel accounts can be administratively complex, requiring detailed expense tracking and oversight.
  • Limited Acceptance: Not all travel vendors and service providers may accept central travel accounts as a payment method, restricting choices for bookings.
  • Potential for Misuse: If not properly monitored, central accounts can be susceptible to misuse by employees, leading to financial and administrative complications.

SEPA transfers

SEPA transfers, part of the Single Euro Payments Area, provide a unified system for euro payments within European countries. This standardised approach facilitates cross-border transactions, encompassing direct debits, credit transfers, and card payments. SEPA transfers simplify euro transactions, ensuring they are as effortless as domestic payments within the SEPA region.



  • Simplified Cross-Border Payments: SEPA transfers offer a standardised and straightforward method for making euro-denominated payments within participating European countries, reducing complexities in cross-border transactions.
  • Cost Savings: They often come with lower transaction costs compared to traditional international wire transfers, saving money for businesses.
  • Efficient Processing: SEPA transfers are processed quickly, ensuring that payments are made promptly, which is crucial for time-sensitive travel expenses.



  • Limited Currency Options: SEPA transfers are limited to euro-denominated payments, which may not be suitable for businesses requiring multi-currency transactions.
  • Geographic Restriction: SEPA transfers are only applicable within the SEPA region, limiting their usability for international travel expenses outside of this area.
  • Vendor Acceptance: Not all travel service providers may accept SEPA transfers as a payment method, potentially limiting choices for bookings in certain regions.

Prepaid travel cards

Prepaid travel cards offer a secure and convenient method for expense management during travel. Users pre-load a predetermined amount onto the card before their trip, eliminating the need for a linked bank account. These cards are versatile, usable for transactions and ATM withdrawals, and provide competitive currency conversion rates, reducing foreign exchange costs.



  • Enhanced Security: Prepaid travel cards reduce the risk of fraud as they are not linked to a bank account and offer PIN protection.
  • Budget Control: Businesses can load a specific amount onto the card, allowing for precise budgeting and expense management during travel.
  • Currency Conversion Savings: Many prepaid cards offer competitive exchange rates, reducing foreign exchange fees for international travel expenses.



  • Limited Acceptance: Some merchants and vendors may not accept prepaid cards, particularly for larger transactions or certain services.
  • Reload Fees: Reloading the card with additional funds may incur fees, impacting cost-effectiveness.
  • Inactivity Fees: If not used regularly, prepaid cards may charge inactivity fees, affecting long-term usability.



For optimal business travel payments, a variety of methods should be considered, each catering to different needs. 

Business credit cards are great for earning rewards and tracking expenses, though they can come with high-interest rates. Virtual credit cards stand out for their enhanced security and controlled spending. Billback systems streamline invoicing, whereas Central Travel Accounts effectively aggregate travel expenses. 

In Europe, SEPA transfers offer a cost-efficient way to handle transactions. Prepaid travel cards are excellent for managing daily travel budgets due to their ability to control spending. 

The best approach often involves a combination of these methods tailored to the unique requirements and workflow of the business.

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