Tourism is a blooming industry. With individuals and families understanding the importance of taking a reprieve from their monotonous routines, setting off for a vacation once or twice a year has become common.
One of the most rapidly expanding industries in the world, the industry racked in US$7.6 trillion according to WTTC in 2017 alone. With tourism being the kind of industry that supports and complements other avenues like hospitality, entertainment, local attractions, etc. countries do their best to attract more and more tourists to up their economy.
If you are a travel merchant running an agency, you will know the potential your tourism business has in expanding and growing. And one of the ways to ensure proper business growth and customer convenience is by offering them what they want. An important element in serving the customers right is equipping your business with the right payment system.
Accepting credit and debit cards online or otherwise is of utmost importance for a business that wants to flourish. But in order to do so, a merchant account or more specifically, a travel merchant account is what you should be looking for.
Challenges associated with obtaining a Travel Merchant Account
It seems quite confusing when a travel merchant is denied a merchant account by banks and financial institutions. Why is that you may wonder? Even with such a reputed billion dollar industry, banks are hesitant to provide their merchant services for various reasons.
The travel and tourism industry is categorised as high risk. High chargebacks, large ticket transactions, refunds, fraudulent transactions, etc contribute to the reasons why the business is classified risky and a travel Merchant Account is denied to you.
One of the major reasons for high chargebacks is the practice of advanced booking that a travel merchant or agency undertakes. The time between booking and services delivered is long which increases the risk of chargebacks.
Top-Quality Travel Merchant Account for your business by IBS
Online booking is the norm with travellers. And if you are a travel business that hasn’t yet caught on to it then securing a travel merchant account in order to offer online payment services should be on your priority list.
Whether it be just accepting credit or debit cards via POS or opening a website with an integrated secure payment gateway system, a travel merchant account offers all kinds of services and benefits required by a travel business.
And although finding a regular travel merchant account might prove to be a difficult task, there are plenty of high risk merchant account providers who are willing to accept your business quite easily.
When banks areof no help, travel merchants should turn to quality merchant account processors like IBS that offer tailor made high risk merchant account solutions that fit your business requirements and help in leveraging your business.
International Bank Services (IBS), based in London, UK, Europe is a top-rated high risk merchant account provider with long standing relations with acquiring banks and an approval rate of over 95% in merchant placements.
We specialize in high risk verticals and have significant experience in dealing with travel merchants and agencies to help grow their business by offering quality travel merchant account solutions.
IBS offers travel merchant account for all types of travel and associated businesses:
• Travel Agents/Agencies
• Online travel websites
• Tour Operators
• Accommodation services
• Transportation
• Ticketing Agents/Agencies
• Airline booking
• Timeshares
• Other travel related businesses
Looking for quality travel merchant account solutions? Get in touch with International Bank Services now to know all about the high risk merchant account solutions that are offered to travel merchants such as yourself.
Our targeted locations are - UK, London, Europe, Russia, Germany, France, Italy, Spain, Ukraine, Poland, Romania, Netherlands, Belgium, Greece, Sweden, Austria, Switzerland, Norway, Ireland
With adedicated team catered to your every whim and demands, IBS will prove to be the right partner in expanding their travel business with our travel merchant account solutions.
One of the most rapidly expanding industries in the world, the industry racked in US$7.6 trillion according to WTTC in 2017 alone. With tourism being the kind of industry that supports and complements other avenues like hospitality, entertainment, local attractions, etc. countries do their best to attract more and more tourists to up their economy.
If you are a travel merchant running an agency, you will know the potential your tourism business has in expanding and growing. And one of the ways to ensure proper business growth and customer convenience is by offering them what they want. An important element in serving the customers right is equipping your business with the right payment system.
Accepting credit and debit cards online or otherwise is of utmost importance for a business that wants to flourish. But in order to do so, a merchant account or more specifically, a travel merchant account is what you should be looking for.
Challenges associated with obtaining a Travel Merchant Account
It seems quite confusing when a travel merchant is denied a merchant account by banks and financial institutions. Why is that you may wonder? Even with such a reputed billion dollar industry, banks are hesitant to provide their merchant services for various reasons.
The travel and tourism industry is categorised as high risk. High chargebacks, large ticket transactions, refunds, fraudulent transactions, etc contribute to the reasons why the business is classified risky and a travel Merchant Account is denied to you.
One of the major reasons for high chargebacks is the practice of advanced booking that a travel merchant or agency undertakes. The time between booking and services delivered is long which increases the risk of chargebacks.
Top-Quality Travel Merchant Account for your business by IBS
Online booking is the norm with travellers. And if you are a travel business that hasn’t yet caught on to it then securing a travel merchant account in order to offer online payment services should be on your priority list.
Whether it be just accepting credit or debit cards via POS or opening a website with an integrated secure payment gateway system, a travel merchant account offers all kinds of services and benefits required by a travel business.
And although finding a regular travel merchant account might prove to be a difficult task, there are plenty of high risk merchant account providers who are willing to accept your business quite easily.
When banks areof no help, travel merchants should turn to quality merchant account processors like IBS that offer tailor made high risk merchant account solutions that fit your business requirements and help in leveraging your business.
International Bank Services (IBS), based in London, UK, Europe is a top-rated high risk merchant account provider with long standing relations with acquiring banks and an approval rate of over 95% in merchant placements.
We specialize in high risk verticals and have significant experience in dealing with travel merchants and agencies to help grow their business by offering quality travel merchant account solutions.
IBS offers travel merchant account for all types of travel and associated businesses:
• Travel Agents/Agencies
• Online travel websites
• Tour Operators
• Accommodation services
• Transportation
• Ticketing Agents/Agencies
• Airline booking
• Timeshares
• Other travel related businesses
Looking for quality travel merchant account solutions? Get in touch with International Bank Services now to know all about the high risk merchant account solutions that are offered to travel merchants such as yourself.
Our targeted locations are - UK, London, Europe, Russia, Germany, France, Italy, Spain, Ukraine, Poland, Romania, Netherlands, Belgium, Greece, Sweden, Austria, Switzerland, Norway, Ireland
With adedicated team catered to your every whim and demands, IBS will prove to be the right partner in expanding their travel business with our travel merchant account solutions.