Rain Check

.
Rain Check Travel

Travel & Accommodation

  • Written by Tess Sanders Lazarus


According to ASIC, Australians owe a whopping $45 billion on their credit cards.   In June 2017, there were almost 550,000 people in arrears, an extra 930,000 with persistent debt and a further 435,000 people repeatedly repaying small amounts. 

  

Aussies are well known around the globe for their adventurous personalities and love for travel. The Skyscanner Australia Travel Trends 2018 report found that travel was on the rise for Aussies this year, with a 30% increase in bookings.

  

While many people have previously turned to their credit card or bank for finance products to fund holidays, community anger in response to the banking royal commission has seen many opt for alternative means of funding.  This combined with PayLater Travel’s growing body of supporters, has resulted in the Aussie owned lay-by travel service experiencing unprecedented growth.

 

“The banking royal commission has exposed some serious issues with traditional financing options,” CEO of PayLater Travel, Farouk Ismail said today.

 

“People were shocked and disappointed by the stories that came out of the royal commission and looked for other ways to fund their holidays.   

 

“We offer an interest free lay-by travel service which means that people can book in advance and pay for their travel in instalments before they depart and never have to deal with a bank.

 

“The feedback from consumers has been overwhelmingly positive.”

 

PayLater Travel was established in 2018 by Farouk Ismail and Yannick Darma.  Both have a finance background.  The business offers a platform which enables users to book travel in advance securing cheaper fares and then pay for it in instalments prior to travel.   Users benefit from securing cheaper flights in advance and then receive the tickets once the travel is paid for.   Lay-by payments can be made weekly, fortnightly or monthly and the full amount has to be paid for four weeks prior to travel.

 

“Most of our clients are students, young professionals and families wanting to visit relatives in other countries or take the family on a vacation,” Farouk added.

 

“The benefit of our service is that it is not a loan, it is simply a lay-by system for travel.  It doesn’t involve credit checks, create a debt or affect your credit score. 

 

“Our customers simply pay a small upfront deposit to confirm their travel and the rest is then paid for in regular instalments, and there is no interest.

 

“Many people can’t afford to pay for their travel upfront.   By enabling people to pay in installments, they can keep their money in the bank for emergency or other investment purposes.

 

“We created PayLater Travel to help as many people as possible to enjoy the wonders of travel.  No one wants to return home with huge travel debts.   Our system helps people to pay it off before they go without interest and reap the rewards.

 

“Often market disruption comes out of an industry crisis.   In our case, the royal commission has encouraged people to look at alternative ways to fund a holiday and we offer the perfect solution.”

 

PayLater Travel will be implementing new platform functionality in 2019 to augment the range of services and features available to customers and to provide travel agents with the ability to offer customers lay-by travel arrangements also.

 

www.paylatertravel.com.au

Rain Check Travel

Aussies ditching credit cards to travel without debt

According to ASIC, Australians owe a whopping $45 billion on their credit cards.   In June 2017, there were almost 550,000 people in arrears, an ext... Read more

The Islands of Tahiti

Secluded, Idyllic and Beautiful - Why These Little Known Islands Should Be On Your Wish List   The Islands of Tahiti encapsulate the picture-per... Read more

The Fullerton Bay Hotel Singapore

Sunsets over Singapore Mix majestic views with a cocktail or two at The Fullerton Heritage precinct’s famous rooftop bars Renowned for its spect... Read more

SALT Of Palmar in Mauritius

INTRODUCING SALT OF PALMAR, MAURITIUS: A COLOUR SAFARI BY CAMILLE WALALA & JEAN‐FRANÇOIS ADAM   The first resort from new brand, SALT, opens i... Read more

South Sea Island's accommodation

We are very excited to reveal our lovely new accommodation options for overnight guests on South Sea Island – three stylish beachfront bures with ... Read more

Top 3 Places to Visit on the Hakone Kamakura Pass

If you're looking for a nearby getaway from the bustling cityscape of Tokyo, one great option is to explore the nearby towns of Hakone and Kamakura... Read more

Tropical Treks will offer the new Great Cooloola Walk

Noosa Northshore to Rainbow Beach   ... Read more

Super Cruise Deals for Seniors During NSW Seniors Festival

"Passengers must present an Australian Seniors Card at check-in"   ... Read more

Mulia Bali Presents Café Mambo

Beats & Bikinis at the Courtyard Pool, Mulia Bali Presents Café Mambo ... Read more

Mantra Hotels’ biggest sale of the year

Mantra Hotels’ biggest sale of the year starts on Monday 13 November, offering a range of great-value accommodation deals at more than 120 Peppers, ... Read more

Wendy Wu Tours 2018 Brochure Launch Offer: Partner Flies Free or Save 50% Off Single Supplements

Wendy Wu Tours are delighted to announce the launch of their 2018-2019 brochures – and with them, two brand new and exciting offers for travellers t... Read more

Wendy Wu Tours Boasts One of The World's Top 8 Guides

Starting May 2017, Wendy Wu Tours brings you the benefit of their 23 years' experience in travelling to Asia through a series of Top 5's for each coun... Read more

 

Welcome to Rain Check