| Summary of Accounts Receivable |
Trade accounts receivable in our consolidated balance sheets as of December 31, 2024 and 2023 are as follows: | | | | | | | | | | | | | As of December 31,
2024 | | As of December 31,
2023 | | Third-party credit card processors (1) | 182,283 | | | 127,980 | | | Fulfillment partners | 38,443 | | | 30,310 | | | Global distribution systems and travel incentives | 17,115 | | | 12,177 | | | Advertising | 11,786 | | | 8,197 | | | Airlines | 1,308 | | | 3,297 | | | Hotels | 2,215 | | | 3,207 | | | Others | 4,406 | | | 5,034 | | | Total accounts receivable | 257,556 | | | 190,202 | | | Allowance for credit expected losses | (5,608) | | | (6,809) | | | Total accounts receivable, Net | $ | 251,948 | | | $ | 183,393 | |
(1)Net of allowance for cancellations, see Note 30. Current loans receivable in our consolidated balance sheets as of December 31, 2024 and 2023 are as follows:
| | | | | | | | | | | | | As of December 31,
2024 | | As of December 31,
2023 | | Loans receivable | $ | 21,316 | | | $ | 23,794 | | | Securitized loans receivable | 10,185 | | | 10,702 | | | Allowance for credit expected losses | (14,934) | | | (13,111) | | | Total current loans receivable, net | $ | 16,567 | | | $ | 21,385 | |
Non-current loans receivable in our consolidated balance sheets as of December 31, 2024 and 2023 are as follows:
| | | | | | | | | | | | | As of December 31,
2024 | | As of December 31,
2023 | | Loans receivable | $ | 792 | | | $ | 2,213 | | | | | | | Allowance for credit expected losses | (418) | | | (472) | | | Total non-current loans receivable, net | $ | 374 | | | $ | 1,741 | |
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| Summary of the Activity on the Expected Credit Loss Allowance for Trade Receivables |
The following table shows the activity on the expected credit loss allowance for our trade receivables during the years ended December 31, 2024 and 2023: | | | | | | | | | | | | | As of December 31,
2024 | | As of December 31,
2023 | | Balance, beginning of year | $ | 6,809 | | | $ | 10,529 | | | Provisions | 4,513 | | | 4,350 | | | Recoveries and write-off | (4,639) | | | (8,837) | | | Foreign currency translation adjustment | (1,075) | | | 767 | | | Balance, end of year | $ | 5,608 | | | $ | 6,809 | |
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