How a Travel merchant account is useful?
Banks have always considered travel to be a high-risk industry, and unfortunately, 2020 proved them right. But even though things are moving slowly right now, there is no doubt that our travel habits are going to kick right back into gear once the international borders begin to open up again.
But PayPal is very expensive to use due to its high fees. It can really eat up your profit margins. Also, they normally shut down accounts that get chargebacks. Also, they do that without giving any prior warning to the account holder. What’s worse, they’ll also freeze any funds you may have in the account. It can take a long time to get that money back.
What can your business do to get a travel merchant account?
You can go to a provider of high-risk accounts, aimed at businesses operating in high-risk industries. That’s what we do at 5 Star Processing. We offer travel agency merchant accounts with very low credit card processing fees – and a fast approval process to boot. We already work with various clients in the travel industry and can help you regardless of whether you run a travel agency, own a timeshare, provide charters, or operate some kind of lodging. All travel industry businesses have an opportunity to get a travel agency merchant account.
How to proceed
If you’re still unsure about something related to travel merchant accounts, how they work, etc. then you’re welcome to contact our team and get your questions answered. Our travel industry experts are ready to assist you! And if you’re ready to apply for a travel merchant account, you can also start that process right away. Contact us at +1 (888) 253 9692, send an email to [email protected], or fill out the form on our website and we’ll get back to you shortly.