Travel Merchant Account
Travel Merchant Account
A Travel Merchant Account is a Merchant Account for travel businesses, such as travel agencies, hotels and airlines. It allows businesses to process payments from customers.
Benefits:
- Payment processing: Travel Merchant Accounts offer tools to manage credit card transactions.
- Security: Travel Merchant Accounts can offer improved security and flexibility.
- Payment links: Travel Merchant Accounts can allow businesses to send payment links.
- Recurring payments: Travel Merchant Accounts can allow businesses to accept recurring payments.
Features:
- High-risk processing: Travel Merchant Accounts can be tailored for high-risk industries.
- Global payments: Travel Merchant Accounts can allow businesses to accept payments globally.
- Reporting: Travel Merchant Accounts can provide reporting that breaks down transactions.
Requirements:
- To open a Merchant Account, you will need to have a registered business.
- Some banks may require that you also have a business checking account with that bank.
Risks:
Travel businesses often have unique payment processing needs due to factors such as high-ticket prices and international transactions. Other risks include deposit protection, flight cancellation and natural disaster scenarios. At PayDaddy we have all of that covered through our handpicked travel industry payment providers.
