The Travel Industry is Back and Better than Ever – Travel Merchant Account

Dec 22, 2014

The travel industry is experiencing a remarkable rebirth. Last year, the U.S. travel market reached $157 billion. PhoCusWright predicts that online travel service adoption will experience a 4% yearly increase for the foreseeable future. Now is the time for investors interested in the travel market to gain some serious ground in this reinvigorated market. Starting your own travel business is one way to break into this exciting customer service niche.

As a traditional travel agent, you take care of every aspect for your clients from bookings to making the itinerary. Airlines Reporting Corp., reports an 11% increase in flights booked by travel agents since 2010. Even in the internet age, many consumers still want to take advantage of the numerous contacts that travel agents have around the world, and the insider knowledge they possess. In order to become a certified travel agent, interested parties must:

  1. Become Trained. Many colleges offer courses dedicated to the travel industry.
  2. Choose a Niche. Is there a particular niche you want to exploit?
  3. Make Contacts or Join a Team. Research and apply to a host agency, or negotiate referral fees with various travel agencies.
  4. Get a Business Plan. If you want to own your own agency, make a solid business plan that will keep you on track.
  5. Get all Licenses. Get all required licenses to operate as a travel agency.
  6. Get a Travel Association Membership. This will increase the credibility of your business more credibility and provide an opportunity to collaborate with other travel professionals.
  7. Obtain Error and Omissions Insurance. This will cover your business if you are sued.
  8. Promote Your Business. Create any necessary content to promote your business like websites, business cards, and brochures.
  9. Get a Travel Merchant Account with eMerchant.Broker.com. Find a competent payment processor that will offer your customers multiple ways to pay for their adventures.

Starting your own travel agency will be a profitable investment for the right entrepreneur. Give your travel business a powerful boost through the exceptional payment processing options provided by eMerchantBroker.com. We guarantee that your travel merchant account will be 100% CPI compliant so that your business can accept Mastercard and Visa.

Let us help you get a high risk merchant account today!

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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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