System Setup – Payment Rate Rules

Overview

The Payment Rate Rules define how payments for bookings are structured in Tourpaq. Administrators can configure whether a booking requires a single payment or multiple installments, ensuring flexibility in how customers manage their payments.

Purpose

The purpose of payment rate rules is to:

• Allow companies to customize payment plans based on their business model.

• Provide customers with flexible options such as deposit-based payments.

• Ensure that booking payment structures are consistent across all agencies.

Configuration Options

Rule Type	Description
Single Rate Payment	The full booking amount must be paid in a single transaction.
Two Rate Payments	Splits the booking payment into two installments: a deposit and the remaining balance.
Three Rate Payments	Splits the booking payment into three installments: a deposit, a second payment, and the remaining balance.

How It Works

• The deposit is collected at the time of booking (or within the specified deadline).

• The second payment is due before departure, according to company policy.

• The balance must be paid before the booking is confirmed as fully paid.

Administrators can define the percentage or amount required for each installment, ensuring payment flexibility while securing company revenue.