Travel Merchant Account & PAYMENT PROCESSING

We deliver customizable solutions to all of these vendors on a day-to-day basis. We work with 15 different banks to ensure that not only do you get the best rate for your travel merchant account but that you are with a processing bank that is a good fit for your needs. All of our clients undergo an underwriting process to ensure the qualification and long-term viability of the merchant account. Zen Payments can secure a merchant account for you today!

Travel agencies, tour operators, and other travel-related businesses know that obtaining a merchant account and payment processing for their business can be difficult. That's because traditional payment processors consider the travel industry high-risk.
Why are they considered high-risk merchants? The following factors place travel industry companies in this category:

• High-Value Transactions: Because they often plan vacations, tours, flights, and other relatively expensive experiences, travel industry businesses tend to see high transaction values. These types of transactions are a higher risk for a merchant services provider. That's why you will most likely need a high-risk merchant account for credit card processing services.
• Contingency Sales: Not only do travel agencies and other similar businesses do a lot of high-dollar transactions, but they also typically sell a service that the customer hasn't experienced yet. Flights, hotels, vacation packages, and tours are all future services. The travel agencies that sell them are hoping the customer doesn't cancel before using the service they paid for. Until they do, there's a decent chance they'll cancel, leaving the travel merchant responsible to refund their money. This is another reason traditional payment processors don't want to work with the travel industry.
• Failed Businesses are Common in the Travel Industry: Because of the first two reasons, a large number of travel businesses fail. If they aren't established, they often rely on the initial income from booking a future service to pay for the cost of running a business. This leaves them at risk if the transaction follows through. The high rate of failure can make it tough for new tour operators or other travel merchants to get approved by payment processors. If they want to accept credit card payments, they end up needing high-risk merchant accounts.

A critical part of a business within the travel industry is being able to take multiple currencies. People travel all over the world using various currencies to get there. Whether it is US Dollars, British Pounds, Euros, or any other major currency you need to make sure you can accept the payment. Keep your customers happy worldwide by showing them exactly what they will be charged without the hassle of calculating the exchange rate.

Also, don't turn away customers and help your competition succeed online, partner with the right payment processor the first time for all of your multi-currency processing needs. Zen Payments has the expertise to help!