Billing and Settlement Plan
(BSP)IATA BSPSettlement SystemAirline Payment Plan
- Billing and Settlement PlanBSP
- The Billing and Settlement Plan (BSP) is a system managed by the International Air Transport Association (IATA) to simplify and streamline the financial selling, reporting, and payment processes between accredited B2B travel agents and international commercial airlines.
Detailed Overview
Instead of managing individual financial relationships with dozens of airline companies, BSP-accredited travel agents submit a single consolidated payment to IATA on a periodic schedule. BSP then distributes the funds to the respective airlines. GhaiTravels.in acts as a key consolidator for agents, providing access to these wholesale fares without requiring full IATA agency accreditation.