Travel Has Never Been More Profitable

Sep 18, 2014

The travel industry is finally on the rebound. In 2013, the US online travel market reached $157 billion and is projected to increase again this year. PhoCusWright predicts that online travel service adoption will grow in the States from 41% in 2012 to 43% in 2015. The US Commerce Department likewise estimates a 4% annual growth over the next 3 years for international travel to the US, and a 12.5% increase ($36.7 billion) this year of international business-related travel outside the country. With such great forecasts, now is the time to invest in your own travel agency business.

The ability to find, compare, and purchase tickets online have changed the game for the travel agency business. Now consumers can scour the internet for the best-priced tickets, and for low-rate hotel rooms, oftentimes sacrificing premium service in exchange for the low fair. While this trend is becoming the preferred method for many younger Americans, older citizens and those who want a quality vacation, are turning toward traditional travel agents for their travel needs.

Traditional agents take care of every detail for their clients from bookings to activities. Some sources would lead consumers to believe that no one is using travel agents anymore, but the opposite is true. According to Airlines Reporting Corp., flights booked by traditional travel agents increased by 11% over the past four years. Another reason that travel agents have become more popular, is that they have numerous contacts around the world, possess insider knowledge, and allow travelers to customize their own experiences.

Despite the increased business for travel agencies, they are still classified as a “high risk” industry, making it nearly impossible to attain a legitimate payment processor for their travel merchant account. eMerchantBroker has travel industry specialists who are experienced in creating, monitoring and growing travel merchant accounts. We guarantee that your account will be 100% CPI compliant so that your business can accept Visa and Mastercard, along with other credit and debit card issuers. Contact us now, and have an operational travel merchant account in just 3 days.

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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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