The partnership between Stratos and FTX will cut payment fees to just 1.5% for private jet charters
Orlando-based charter broker Stratos Jet Charters has entered into a partnership agreement with the FTX Pay platform.
Through this partnership, Stratos will be accepting payments in both crypto and fiat from customers.
FTX Pay is a service that allows companies to accept payments in both crypto and traditional currencies.
As a result of the partnership, Stratos will choose which coins/crypto they will accept for payments for its services.
Cutting private jet credit card fees
With the integration of FTX Pay, customers for Stratos will be charged a 1.5% fee. Standard card fees range to 4%.
“We built FTX Pay in order to provide businesses with a quick, secure and inexpensive way to accept payment in any type of currency, with the end goal of revising the global payments landscape. As an organization, Stratos prioritizes the customer experience and we’re happy to assist them in this process through our payment platform. It’s exciting to work with an industry leader and assist in bettering their customer experience while also elevating the presence of digital assets outside of the traditional financial landscape,” says Brett Harrison, President of FTX U.S.
Joel Thomas, CEO of Stratos Jet Charters Inc., says that in searching for a crypto partner.
He says FTX offers more features than any other major platform and it sets the industry standard for security.
Thomas says, “The FTX.US platform is sophisticated yet simple for clients to use, and it integrates seamlessly with our air charter marketplace.”
Travelers can check itineraries and passenger information, as well as confirm catering and ground services for upcoming flights. Now with the FTX integration, clients can also easily book and pay for their charter flights.
Seamless private jet payments
“With the current unprecedented level of demand for private aviation, Stratos was looking for a more secure and efficient way of securing client payments for charter flights,” adds Thomas. “We felt that accepting crypto as a form of payment would dramatically reduce our risk vs credit cards and we selected FTX Pay due to the sophisticated simplicity of their platform and its ability to seamlessly integrate it within our air charter marketplace.”
Thomas says, in the first week of integrating the FTX payment platform the company transacted $500,000.
Stratos allows members of its SOAR jet card to prepay for flights. Flights are priced dynamically.
Subscribers to Private Jet Card Comparisons can filter providers by cryptocurrency acceptance.