Airline and Travel Merchant Account Solutions

Many flights and trains have a free cancellation policy, even up to the date of travel. Because of this, cardholders are more likely to dispute transactions and charge back.  Receiving Disputes from customers is the largest reason for Travel Companies to need a high risk merchant account set up for success. 

Years ago, people would do all of their travel planning at a card present Travel Agency.  The internet has made Face-to-Face retail travel stores unnecessary and many time inconvenient.  Since most travel is purchased today using Card Not Present or eCommerce transactions, there is a much larger risk of Fraud and Loss for the Travel Company.

Airlines and Travel companies are also known for having High Transaction size, due to the high cost of travel, hotel, tours, airlines, trains, all the costs of transportation have been increasing the last few years.   Any type of Travel or Booking purchase is considered High Risk due to not only the amount of disputes received, but also the size of those transactions are MUCH HIGHER than regular consumer purchases. 

Travel Merchant Services

Think about this situation with a Bus Tour company in New York.  A group purchases tickets to rent an entire bus for the afternoon, with a driver, for touring around NYC with friends.  The entire purchase is $1,700, considered a high ticket by the Credit Card company.  The bus company will receive those funds within 48-72 hours, but if a dispute is later filed by the cardholder, the Processor will need to debit those funds, $1,700, from the merchant’s bank account.  But, if the business does not have sufficient funds that morning to cover the debit, it could reject, leaving the merchant Processor to pay back the cardholder funds, while they attempt to collect the money from the Travel Company.

When the cancellation date has passed for a cardholder, the chances of them disputing the transaction increase.  This is one of the many reasons Travel and Airline companies need a high risk merchant account for the ultimate success of their business.

One thing worse than disputes – are higher priced chargebacks. Airline and Travel companies, in general, have larger transaction sizes and the losses that could happen to Processors are high.  This is another reason Travel and Airline companies need a High-Risk Processor.

High-Risk Factors for Airlines and Travel Companies

There are several important factors, when it comes to High-Risk Travel Companies.

Underwriting & Approval

If your company is deemed high-risk, you will need to provide information and documents, such as: Bank Statements, Articles of Incorporation, Financials/Tax Returns, Vendor Agreements, and sometimes more.

Fees

Aacadia Payments always strives to provide the lowest processing fees for their customers, that being said, Airlines and Travel Companies will have a higher cost to process payments, then a normal retail business, due to the risk of chargebacks and losses for the Processor.  

Then remember, that not all banks and Processors approve every merchant. Being a High-Risk Travel merchant, lowers the chances of you being approved.  But Aacadia Payments understands Risk and the Travel and Airlines industries. Instead, of simply guessing and applying at several companies that claim they can get you approved quickly, Aacadia Payments facilitates getting approved for an airline booking merchant account by understanding what is needed for approval and providing the correct guidance to you, the business owner, and by providing the correct submission documents. Click to get started now !!!

Has Your Travel Business been shut down by a Credit Card Processor?

With the past few years and the pandemic affects on Travel and Airline Companies, many Processors simply made the decision to no longer accept Travel Companies and have terminated many businesses. Also, maybe you had to shut down quickly and you had a few chargebacks come in, many Processors get nervous when they see an increase in chargebacks, despite the reason they are being sent.  A nervous Credit Card Processor many times will simply terminate the merchant, to avoid possible loss. Aacadia Payments will set you up with a bank that understands your business model and appreciates your industry and allows you to process, ongoing, for the ultimate success of your business.

How can Aacadia Payments help Airline and Travel Companies?

When you apply for a travel or airline merchant account with Aacadia Payments, Underwriters will review you and your business, in detail.  They will request bank statements and prior processing statements, along with other business documents to underwrite your business for the amount of volume you will be doing. 

Being a merchant in need of a high risk credit card processor, you will have to setup a high risk credit merchant account with a proven processing company, such as Aacadia Payments. Our team is trained to support you and your business, we understand the risk that you are taking and can help guide you through underwriting and approval, along with technical setup.  Our goal is to keep you processing payments successfully.

Contact Aacadia Payments today and a Team Member will listen to you, answer your questions and guide you to success. 

We offer NO OBLIGATION consultation, No Application Fee, No Termination Fees, we want to EARN your business and keep you processing with success with Aacadia Payments.