Glossary

Form of payment (FOP)

The method used to pay for a booking: agency credit wallet, VCC, corporate card, bank transfer or cash. Affects settlement, fees and risk.

Capture FOP at order level with enough detail for fees and reconciliation. In B2B, allow per‑tier preferences and fallbacks so sales do not stall when a primary method fails.

Related terms

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Virtual credit card (VCC)Agency credit & wallet
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Mid-office accounting, BSP reconciliation, GST and VAT.

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Agency and sub-agent distribution with markup rules, credit and wallets.

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