Navigating payment processing within the travel industry can be intricate, requiring dedicated travel merchant account services. Even though it falls under the high-risk category, businesses in the travel sector, whether they are startups or well-established companies, can discover fitting payment solutions. SecurePay Online provides a variety of travel payment solutions crafted to diverse requirements, catering to tasks such as establishing initial online accounts to managing account terminations.

What Constitutes a Travel Merchant Account?

Travel merchant accounts empower businesses to process transactions through various channels—online, over the phone, or in person. These accounts accommodate multiple payment methods, including credit cards, debit cards, ACH/eCheck, or gift cards. Depending on the specific business type within the travel industry, there are different equipment and solutions available for effective payment processing. SecurePay Online assists travel merchants in selecting the most suitable equipment and solutions aligned with their unique needs.

Each business segment in the travel industry, such as hotels, airlines, car rental agencies, or other travel services, is categorized by a Merchant Category Code (MCC). These codes play a crucial role in helping financial networks manage accounts more effectively within the travel payment industry.

Travel Credit Card Processing for Travel Agencies

While the travel industry significantly contributes to the global economy, the challenge of chargebacks has been notable for online travel merchant accounts. SecurePay Online caters to various segments of the travel industry, providing specialized merchant services to address these challenges.

Common Types of Travel Merchant Accounts

• Airfare Merchant Account Services
• Car Rental Merchant Account Services
• Cruise Merchant Account Services
• Hotel Merchant Account Services
• Resort Merchant Account Services
• Sightseeing Merchant Account Services
• Timeshare Merchant Account Services
• Travel Club Merchant Account Services
• Vacation Club Merchant Account Services

Travel Merchant Account Fees

Fees associated with travel agency merchant accounts vary based on factors such as the business’s risk profile and transaction history. These may include discount fees, transaction fees, monthly account fees, gateway fees, chargeback fees, and potential reserves or application fees.

Merchant Account Chargebacks for Travel Businesses

Chargebacks pose a significant concern in the travel industry, often attributed to the high value of transactions and the nature of advance bookings. Travel agencies and tour companies, due to strict cancellation policies and unforeseen business closures, often face high chargeback levels. Established companies with clean track records generally find it easier to secure affordable merchant accounts.

Finding the Best Travel Credit Card Processors for Travel Merchants

Thorough research into potential merchant services providers is crucial for travel businesses. Opting for a provider not equipped to handle travel payments can result in costly issues, including account closures and fund holds. Specialized payment processors in the travel industry are often better equipped to handle higher chargeback ratios and understand the unique challenges of the sector.

Apply for Merchant Account Services

Despite being classified as high risk, travel agencies and other businesses in the travel sector can discover suitable merchant account services. SecurePay Online offers competitive rates and fees, seamless integration with shopping carts, fraud protection, and virtual terminal options. With a straightforward application process, most travel agencies can have their accounts approved promptly.

For more information or to initiate the application process for establishing an optimal travel merchant account, contact SecurePay Online.