Turn Mileage into Money with Your Own Travel Business |Travel Merchant Account

Oct 16, 2014
businesstravel-sourcecbsnewsStarting your own travel business is a great way to break into a growing customer service niche. There are a variety of services you can offer your clients, from referring customers to travel agencies to booking their reservations yourself. No matter how your company is structured, you will be able to help others get to the destinations of their dreams, while making money from the comfort of home in a matter of months with this step-by-step guide.

  1. Become Trained. Seek out opportunities to become trained in the travel agency industry. Many colleges offer courses in person and online that are dedicated to the travel industry. These courses will introduce you to travel agency software, laws and regulations, and procedures.
  1. Decide How to Start Your Business. Will you begin as a referral agent, or join a host agency? Or perhaps you prefer to start your own independent travel agency from the beginning.
  1. Choose a Niche. Do you want to book any kind of travel, or is there a particular niche you prefer to explore?
  1. Make Contacts or Join a Team. If you want to be in the referral business, then you should call travel agencies to negotiate referral fees. If a host agency is more your speed, research them and apply for the one that’s right for you.
  1. Create a Business Plan. If you want to start an independent business, create a business plan that will keep you on track with your goals and that can be used to lure potential investors. Also invest in a quality computer reservation system.
  1. Get all Licenses. Contact your local department of licensing to obtain any required licenses to operate as a travel agency.
  1. Obtain Membership with Travel Associations. Membership will give your business more credibility and provide an opportunity to collaborate with other travel professionals.
  1. Buy Error and Omissions Insurance. This will cover your business if you make a mistake and are sued.
  1. Promote Your Business. Create a website for your new business. Make business cards, brochures, and post your services online.
  1. Get a Travel Merchant Account with eMerchant.Broker.com. Find a competent payment processor that will offer your customers a variety of ways to pay for their travels.

Starting your own travel agency can be a rewarding a profitable venture. Dedication and creativity are key ingredients to being successful in this field. Entrepreneurs can give their business a boost by providing exceptional payment processing options provided by eMerchantBroker.com. Our travel merchant account specialists will ensure that your customer’s payments are handled with the utmost care and professionalism.

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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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