A travel merchant account facilitates the travel industry with the capability to get payments on goods and services offered to customers through a high risk merchant account for travel industry and travel agents.
Merchant financial services providers see travel agency payment processing and airline merchant accountsas a high risk sectors. This is due to the number of chargebacks and fraud historically issued within the industry. On average the time between booking a holiday or flight to actually attending is 90 days – leaving a large window for the chargeback to take place. According to the Association of British Travel Agents (ABTA) 47% of people travelled abroad during 2018, and all of these also holidayed within the UK too. The prediction by ABTA is that this will increase again during 2019 so, therefore, will the need for travel agent merchant services.
Today, many travel agencies do not charge airline tickets, hotels and other travel fees on their own merchant account, but rather, charge it directly through the airline or travel provider. This method is well respected by many payment processors, but others still stay behind with conservative approach and try to avoid travel agencies and other travel related merchants.
Payment processing with high risk travel merchant account is vital to the success of the industry and includes credit card processing, debit card processing, stored value card processing, gift card processing, and ACH payment processing. Travel agencies can accept credit cards online, in person, or over the phone. You can also combine methods, if you’d like. Customers could pay a deposit in person, and then pay their final balance online prior to their trip.
If you operate a legal travel business and are seeking travel agency credit card processing, we specialize in the Travel merchant account industry and can assist you in getting approved. We have separated ourselves from the pack and distinguished ourselves the leader in the high-risk payment processing for travel merchant account/travel agency credit card processing. Give us a call right now to get started immediately.
We did transactions on all providers of Travel Merchant Accounts, to be able to compare and our pick was HRMA-LLC. They cover all business types, have a vast experience in the field, fast customer support and low fees. About HRMA-LLC : A travel merchant account facilitates the travel industry with the ability to procure payments on goods and services offered to customers. Payment processing is vital to the success of the industry and includes credit card processing, debit card processing, stored value card processing, gift card processing, and ach payment processing. Equipment can include countertop credit card terminals, pos cash registers, mobile card readers, virtual terminals, and ecommerce shopping cart gateway integration. See extra info at Merchant account for travel.