What Is A Travel Merchant Account:.
A travel merchant account facilitates the travel industry with the ability to procure payments on goods and services offered to customers through a high risk merchant account for travel industry and travel agents. 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.
Regardless of the payment method you choose, securing a merchant account as a travel agent means locating a credit card processor that can explicitly support your business type and give you travel agency credit card processing. It won’t do you any good to fudge the details to try to get an account with a processor that doesn’t support travel businesses. At some point, the processor will catch on and shut down your account. Save yourself the headaches and choose a travel-friendly merchant processor from the start.
IPAYTOTAL is focused on providing comprehensive and affordable travel merchant accounts for our clients. IPAYTOTAL works with a variety of payment processors who provide merchant accounts for the travel industry and acquiring banks that allow travel agencies to process credit cards for travel agency credit card processing.
We pride ourselves in providing reliable, affordable and secure merchant account services for travel agencies all around the world.
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 provide high risk merchant accounts for travel associated businesses, including holiday packages, timeshare, travel agencies, tour operators, lodging, ticket sales, reservations, deals, or clubs. Getting a travel merchant account for a company related to tourism business, whether it be holiday packages, timeshare, agencies, tour operators, hotels and motels, ticket revenue, or some other travel related business is not as simple as speaking to your local banker.
The reason, is that to get a credit card processor to accept a travel company, their sponsor bank should allow and approve travel companies in their underwriting guidelines. The majority of the biggest banks usually don’t permit their credit card processors to underwrite travel companies because they’re considered high risk and thus merchant account for travel industry is very difficult to obtain .
If you’re a one-person shop, it may be tempting to look at the quick and easy “flat rate” processing solutions: companies like Stripe or Square. However, Stripe’s prohibited business list explicitly references both travel reservation assistance and cruises and prohibit payment processing for travel industry. Square more generally just lists “high risk” businesses, giving it broad discretion to deny anything it feels is too risky which includes merchant account for travel agents.
But there are still options of travel industry payment solutions for small businesses and solo travel agents. You can sign up with the same high risk processors as the bigger guys for your travel agency merchant account, and choose to utilize smartphone card readers or virtual terminals if you don’t need or want fancy equipment.