BUSD (BEP2) is now the default refund currency for cryptocurrency bookings
A long time supporter of the Binance Ecosystem, Travala.com migrated the AVA token to the Binance chain in 2019. They also became a part of the Binance portfolio in 2020 after the merger with Binance-backed TravelbyBit. Following on from the merger, Travala.com has now completed a deeper integration of BNB and BUSD into their platform.
After a recent update to the Travala.com wallet, BNB and BUSD now sit proudly alongside the Travala.com native currency AVA in the built-in wallet. To activate your BNB and BUSD wallets simply log in to your account and navigate to the My Wallet area, then select deposit with BNB or BUSD and create your new address and memos. Below are some screenshots and descriptions of the latest additions to the Travala.com platform.
BNB and BUSD wallet balances are shown on our Overview tab.
Mobile App and Mobile Web Versions
The same BNB and BUSD wallets are shown on our mobile app and mobile web versions.
BUSD as the default refund currency for bookings made with any cryptocurrency on Travala.com
Refunds have particular significance in the travel and tourism industry – free cancellation or refundable bookings are the standard. This is easy to manage with traditional online payment options like credit cards. However, in the cryptocurrency environment, this is not as simple because transactions cannot be reversed.
We have come up with an innovative solution to the cryptocurrency refund problem. Travala.com uses Binance USD (BUSD) as the payout currency for all refundable bookings made with any cryptocurrency. If a traveller pays for their refundable booking with any cryptocurrency and they decide to cancel, they will be refunded the equivalent value of their booking in the BUSD (BEP2) stable coin directly to their Travala.com in-built platform wallet.
Pay for Bookings with BNB and BUSD (BEP2) instantly from your Travala.com wallet
Using BNB and BUSD (BEP2) for booking payments from the Travala.com wallet offers an instant and seamless checkout experience. Simply search for your preferred accommodation from over 2 million options worldwide and when on the checkout page select My Wallet as the payment method. Choose either BNB or BUSD and click complete reservation and you are booked.
Pay for Bookings with BNB and BUSD (ERC20) from an external wallet
Using BNB and BUSD (ERC20) for booking payments from an external wallet is easy. Simply search for your preferred accommodation from over 2,000,000+ options on the platform and when on the checkout page select Crypto as the payment method.
The next step is to select either BNB or BUSD (ERC20) and click complete reservation. You will see a payment invoice generated. Follow the instructions to make the payment and click Payment sent. Your booking will be processed and confirmed once the funds arrive.
Founded in 2017, Travala.com is the leading cryptocurrency-friendly travel booking service with 2,000,000+ properties in 230 countries and 600 airlines globally. Backed by industry-giant Binance, Travala.com is a champion of cryptocurrency adoption, accepting over 28 leading cryptocurrencies in addition to traditional payment methods. The Travala.com value proposition is bolstered by AVA. As the native cryptocurrency of the platform, AVA can be used for payments, receiving loyalty rewards, discounts and bonuses, among several other use cases. For more information visit: www.travala.com
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