LOST WHEN IT COMES TO YOUR TRAVEL MERCHANT ACCOUNT?
PayKings will navigate rates and will help you open your travel merchant account. We have travel merchant processing for vacation rental companies and more.
Looking for Travel Merchant Account Solutions?
Did Your Credit Card Processor Shut Down Your Travel Merchant Account?
Someone books a trip through your service. The bill comes to $887, which the bank considers a high ticket size. You send the client an invoice via mail or email. The customer pays this invoice with a debit or credit card, typically online or over the phone, making this payment a card-not-present payment. Because you are using a travel merchant account, you will get that $887 within 48 hours (often much sooner). However, if the charge made online is disputed by the customer or reported as a fraudulent charge and the customer wins the dispute, the merchant processing company has to refund the customer.Why Does this Matter and How Can PayKings Help with my Travel Merchant Account?
When you apply for a travel merchant account and the underwriters for the acquiring bank and merchant processing company are assessing whether your business is one that has a high likelihood of excessive high ticket size chargebacks – this is what classifies your business as a high-risk merchant. As a merchant in need of a high risk credit card processor, they will have to attain a high risk credit merchant account with a reputable company like ours. Afterall, PayKings are the best in the industry when it comes to high risk merchant accounts.How Does Being High Risk affect your Travel Merchant Account?
The two most important factors for businesses with a high risk travel merchant account status are:
Underwriting
If your business is placed in the high risk category, you are more than likely going to have a much more difficult underwriting process. You will be required to come up with tax returns, corporate filing paperwork, several months (sometimes up to a year) of bank statements and processing history.
Fees
If your business is placed in the high risk category, you are more than likely going to have a much more difficult underwriting process. You will be required to come up with tax returns, corporate filing paperwork, several months (sometimes up to a year) of bank statements and processing history.
Why PayKings?
PayKings understands the unique needs of travel businesses and has established 24+ acquiring banking relationships to become experts in getting travel companies accepting online payments.
Our Services
Travel Merchant Account Experts
- 20+ Proven Bank Relationships
- Medium/High Risk Accounts
- Fast Travel Account Approval
- Large Merchant Case Studies
- E-Commerce and Retail Travel
- B2B Travel Vendors Supported
Multiple Payment Solutions
- Multiple E-Commerce Gateway
- Chargeback Prevention
- ACH
- E-Check
- Credit Cards
- B2B-Level II/III Data Discounts
- 3D Secure Frictionless Checkout
- Mobile Payment
- EMV Readers
Compatibility & Support
- Gateway Recurring Billing
- Vault
- E-Commerce Cart Plugins
- Developer API / Docs
- POS/Terminals
- International Merchant Accounts
- Dedicated Account Managers