The benefits of opening a Travel Agency Merchant Account

Nov 04, 2013

There are so many ways to help your business along. Technology, Facebook advertising, socially mediatizing yourself and taking the time to find the best merchant account you can.

• With a Travel Agency Merchant account, it opens the doors for payments all around the globe. Twenty-four hours a day people can be paying their fees while you sleep.

• You get the Virtual Terminal for your website. With this, a button is provided and payments can be expedited for you.

• A secure gateway for those payments to travel is part of the deal with your merchant account. The gateway is encrypted ensuring that all payments are safe.

• With your merchant account you have fraud protection against thieves and people that want to cheat you out of money. It’s just a little extra insurance so you feel safe doing business.

• With your merchant account, you also have access to your money twenty-four hours a day. This alleviates worry on your part on how to get to your income.

Things to think about

If this is a new account, you only have a few things to worry about. As a new customer to the merchant account arena, you will be deemed high risk. But don’t panic! It’s only because of the business you are in.

As a travel agency, you are known to have high volumes of chargebacks. People change their minds and ask for their money back, or they adjust their travel plans. If you can keep your chargebacks under 2% you should be just fine. The merchant account servicers get a little nervous if it goes above that percentile.

Just do a few simple things

Have rules about how to deal with your returns and adjustments. If the trip is canceled altogether, have rules for those as well. Cover your business, just like the merchant account servicers do. They have rules, regulations, and policies that you must abide by, so have the same setup for your business as well.

Another reminder

As you go into business and sign up for your merchant account, you will have a 10-20% reserve account set up. Each day that small amount will be placed into an account while you go through your trial period.

Once the trial period is over and the three to six months are done, then you will get your money back in full. In the meantime, run your business well, and keep your nose clean. It’s the only way to make a profit anyway.

Take care of your customers

Take care of your customers and they will, in turn, take care of you. Your good customer service will get around to other customers and before you know it, your business will be booming. Your website will have customers paying for their packages and you will be making the income that you dreamed about. It all just won’t happen all at once.

So good luck with your dream, and here’s hoping that you succeed admirably.


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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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