• Facebook
  • Twitter
  • Google Plus
  • Youtube
  • Instagram
  • Write For Us
Newszii.com
  • Home
  • Technology
    • Fintech
    • Blockchain
    • Lifestyle
      • Marketing
      • Travel Hub
      • Shopping
      • More
        • Quotes
        • Relationships
        • Community
        • Entertainment
        • News
        • Videos
        • Celebrities
        • Shopping
        • Food
        • Travel
        • Health
        • GIF
        • Articles
      Newszii.com
      • Home
      • Technology
        • Fintech
        • Blockchain
        • Lifestyle
          • Marketing
          • Travel Hub
          • Shopping
          • More
            • Quotes
            • Relationships
            • Community
            • Entertainment
            • News
            • Videos
            • Celebrities
            • Shopping
            • Food
            • Travel
            • Health
            • GIF
            • Articles
          Business

          Finding The Best Merchant Account Partner For A Travel Business

          December 23, 2019
          Travel Merchant Account

          December 23rd, 2019   |   Updated on March 5th, 2020

          Credit card processors have classified the travel industry as one of the high-risk business ventures that are in existence.

          The reason for this is that the orders made by travel agencies are finalized before the day that a client travels. As such, the client may opt at any time to cancel the travel plan altogether.

          The early payments made give merchants the provision to accept charge-backs on travel agent merchant accounts owing to unforeseen changes of travel plans by clients as well as payment disputes that may come up.

          The Purpose Of A Travel Merchant Account

          Merchant Account

          A travel merchant account partner serves the purpose of helping a travel business to receive payments on the services they offer to their clients via a high-risk merchant account. Processing payments using a high-risk merchant account is essential to the success of the business.

          Some of the services offered by the account include debit, credit, and gift card processing, stored value card processing, and Automated Clearing House (ACH) payment processing.

          Travel businesses are able to accept credit cards in person, via phone or online with the help of a merchant account. Clients can pay a deposit online and then clear the balance in person before embarking on their trip.

          Irrespective of the method of payment that you choose, using a merchant account as a travel business boils down to getting a credit card processor that actually works for your business model.

          That being said, here are some of the things to take into account to help you find the best merchant account partner for a travel business:

          1. Multiple Payment Choices Available

          merchant account

          Services offered by payment gateways vary depending on location. If you plan to expand your travel business to international levels, you can opt for a payment gateway that allows you to receive payments in different currencies.

          In order to excel in different countries as a travel business, you’ll need to provide people with payment methods that they are well acquainted with. This will make them trust you easily.

          The merchant account partner you choose should be able to offer multiple payment choices that work well in different states and are able to process the payments fast and easy.

          This account partner should also be able to integrate CRM in order to set up recurring payments when the client is on the phone.

          Additionally, they should also provide the travel business with call center virtual terminals, traditional credit card terminal for physical computers, and website payment integration. All this boils down to which payment choice is ideal for the travel business.

          2. Multi-Currency Processing

          guide currency

          A travel business most likely targets not only local clients but international ones as well. In order to maximize international sales, you need to provide your customers with friendly user experience on the checkout pages of your website.

          A client is more likely to complete an order or booking a trip if he or she is provided with a payment method that they are familiar with, in the language they understand, and in the currency that they prefer.

          As such, it is important that a travel business partners with a merchant account that is able to offer the above-mentioned features.

          Multi-currency payment processing allows travel businesses to accept credit cards from clients in different foreign states. It involves setting up different billing currencies such as USD, GBP, EUR, AUD, ZAR, NZD, and CAD.

          Multi-currency processing has massive cost advantages. A travel business can save thousands of dollars with regard to processing costs.

          There is a need then to partner with a merchant account that is able to provide your travel business with multi-currency payment processing.

          This will allow the business to receive payments from anywhere in the world regardless of the currency that your clients use.

          3. Ability To Setup Several Travel Merchant Accounts

          Hassle-Free Travel

          Having several merchant accounts that cater to the different target markets that the travel business has ventured into will boost the payment processing capacity. All these accounts should be in one single gateway that allows for efficiency in management.

          4. Ability To Handle High Payment Volumes

          If your travel business attracts a huge client base, there is a dire need to get a merchant account partner that provides you with enough payment processing power to be able to manage huge payment volumes with no restrictions whatsoever.

          5. High-Level Security

          Creating A Personal Budget That Works

          It’s important that you partner with a merchant account that provides you with military-grade encryption that allows for safe data transmission for both your travel business and your clients.

          Conclusion

          That being said, here is our recommendation for the best travel merchants to partner with.

          Best Merchant Account Partner Best Travel Merchant Account Travel Merchant Travel Merchant Account
          Cloud Hosting ServicesEverything You Need To Know About Cloud Hosting Services
          Buying A New Build PropertyHow To Buy A New Build Property North Of The Border

          You may also like

          Enterprise Leverage Reference Data
          Business

          How Can an Enterprise Leverage Reference Data?

          Employee Assistance Programmes
          Business

          Advantages Of Using Facial Recognition Technology In...

          eBay Repricing
          Business

          Quick Guide On eBay Repricing

          How To Reduce The Tax Burden
          Business

          How To Reduce The Tax Burden On Your Small Business

          TSNP & HUMBL Merger
          Business

          What Savvy Investors Need To Know About The TSNP...

          Website
          Business

          10 Different Ways To Make Your Website More Engaging


          Get more stuff in your inbox

          Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

          we respect your privacy and take protecting it seriously

          Detox And Rehab From Alcohol In Phoenix, Arizona

          Recent Posts

          • Your Guide To Monthly Disposable Contact Lenses January 27, 2021
          • How To Get Hair Transplant in Turkey: Prices And Clinics Overview January 27, 2021
          • 30 Most Anticipated Bollywood Movies To Hit Screens In 2021 January 27, 2021
          • What You Need To Know About Delayed Birth Injury Claims January 27, 2021
          • 5 Ways To Achieve A Gothic-Inspired Home January 27, 2021
          • 20 Amusing Pictures All Couples Should See Before Having Children January 26, 2021
          • 15 Best And Fastest WooCommerce Themes In 2021 January 26, 2021
          • 15 Best Competitor Analysis Tools Which Will Help You Stay Ahead Of Your Competitors In 2021 January 26, 2021
          • 25 Best WooCommerce Extensions & Plugins For 2021 January 26, 2021
          • 15 Best Apps Every Student Will Love To Download In 2021 January 26, 2021

          Newszii.com , copyright © 2021.

          • About Us
          • Privacy Policy
          • Advertise With Newszii
          • Sponsored Posts