A travel merchant account gives the travel industry with the ability to offer payments on goods and services offered to clients through a high risk merchant account for travel industry and travel agents.
Merchant financial services providers see travel services 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.
Most travel agencies ask the same question: “Why is Travel called high risk?” and “Why my application is denied?”. The answer is very simple. Travel is a very dynamic business. In many cases a travel agent takes payment as a third-party. A travel agent may charge a customer for a hotel stay, vacation package, cruise, airline ticket and so forth. Any change in such tickets, that is sometimes uncontrollable by the merchant, is making the merchant liable for a chargeback.
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.
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 the 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.
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 : We specialize in Travel Merchant Accounts and travel website merchant accounts. We approve practically every business type, even if you have been turned down for payment processing. With decades of experience, our team is here to help. Even if you have been shut down by your current processor, we have a solution for your particular situation. We’re available to answer any questions and provide ongoing continued support for our valued customers. Don’t hesitate, call us immediately for assistance. Our dedicated staff is standing by to assist you. Our typical turn-around time is 3 business days and in some cases the same day. We look forward to working with you Apply Today. Read more details at Travel merchant services.