TurnStay

TurnStay operates at the intersection of fintech and travel, focusing on reducing payment costs and improving conversion rates for the African travel industry. The company provides a versatile API that allows travel businesses to create customized checkout flows and settlement cycles, significantly lowering booking and payment fees. TurnStay primarily serves hotels and other travel-related businesses, helping them save up to 95% on booking commissions and payment processing fees. By billing international clients in their home currency and facilitating more direct bookings, TurnStay enhances user experience and boosts profitability. The business model revolves around charging a 1% fee for its services, which is substantially lower than the standard 7% fee for international transactions. This cost-effective approach has led to a 30% increase in profits for its clients. TurnStay's user-friendly API and merchant of record service streamline the payment process, making it easier for travel businesses to manage their finances and reduce administrative tasks.

Keywords: fintech, travel, API, payment orchestration, African market, booking fees, conversion rates, direct bookings, international transactions, user experience.