Payment processing is the foundation of an online business – without it, customers cannot purchase from your website. A merchant account is one of the best alternatives to help you process payments not only in your country but also internationally, with multiple secure payment options, such as cryptocurrencies.
The travel sector realised the importance of an online payment processing service fast:
- 82% of all travel bookings in 2018 were made online via a mobile app or website.
- By 2024, online travel sales are expected to reach $220.87 billion.
Technological advances helped create new consumer behaviour, with more payment alternatives available, so online payment processing becomes a vital part of the travel industry. As a merchant, you must choose the most suitable solution for your travel business to offer your clients the best options.
How iPayTotal can help your travel business
At iPayTotal, you can have the full merchant account experience. We are experts in high-risk businesses and offer customised solutions for each merchant according to their business needs. Despite its fantastic success, the travel industry is considered a high-risk business, mainly due to high chargeback ratios.
Our travel merchant account helps to go across the industry’s newest payment card acceptance, manage fraud risks and reduce chargeback rates. It will also allow you to support multiple and secure payment options, such as cryptocurrencies.
Many people who do not have access to traditional payment options believe that cryptocurrencies are the best payment solution, and having such payment alternatives helps increase profit for your business. It is easy, safe and more convenient for customers.
At iPayTotal, your travel merchant account will also benefit from:
- One basic service to accept payments, operate transactions and pay providers
- Integration with major travel distributions frameworks
- A network of global bank accounts to manage incoming funds and supplier payments
- Payment gateway and virtual terminal
- 24-hour technical support
- Secure server
- Real-time processing.
Choosing the right merchant account provider for your travel agency is essential, so rest assured that iPayTotal will help you. Our experienced team can help you through the entire process, from application to setting up your merchant account.
We are here to help you succeed and increase profitability in a competitive market. Our goal is to provide you with the right tools to operate and expand.
Apply today for a travel merchant account and change your business’s journey, or give us a call on +44 800 776 5988 to share more about your travel business and discover what type of customised solutions we can offer you to help grow your travel merchant account.