Travel Industry is a very dynamic business. Every year, the travel and the tourism industry has a tremendous monetary effect, including transportation, entertainment, attractions, and accommodations. In any case, in spite of impressive achievement, businesses do battle to secure certain services that are basic to working easily. Why? Traditional lenders consider the tour and travel industry “excessively risky“.
All in all, Travel Agency Merchant Accounts are known for creating the highest levels of credit card fraud; this is particularly valid in card-not-present transactions. In this way, most U.S.- based payment processors won’t give Travel Agency Merchant Accounts. Specifically, new businesses battle to secure merchant services since they need adequate processing history; this leaves processors unable to completely survey whether the business will execute satisfactory risk management procedures to minimize fraud.