Travel agency merchant account

A travel merchant account provides 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 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 used all providers of Travel Merchant Accounts, to be able to compare and our pick was HRMA-LLC. They cover all business types, have a large experience in the business, fast customer support and low fees. About HRMA-LLC : The need for travel merchant accounts have grown tremendously with the fantastic growth of this industry. As the cost of air travel has made travel affordable to every income bracket and with the introduction of the internet, the travel industry has exploded over recent decades. According to Deloitte, Travel and tourism is one of the world’s fastest-growing sectors, with bookings hitting close to $1.6 trillion in 2017.With industrywide market share accounting for more that one-tenth the global GDP, travel industry is positively one of the most lucrative industries on the planet.With the future growth projections blowing away the current market statistics and the expanding world economy’s growth trajectories, the travel sector will continue to shine in the sun. See extra info at Travel merchant services.

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