It can be difficult for travel agencies to choose a merchant services provider. The credit card processing industry generally categorizes travel agents as a high risk business type due to the fact that most travel agency transactions place long before the actual product or service is delivered to the customer. This leaves travel merchants open to chargebacks and other payment disputes, which are costly procedures that deter many merchant services providers from offering travel merchant accounts.
To help you find the best payment processor for your travel agency, we have compiled a list of the top five travel merchant account providers below. These credit card processors provide various high risk merchant services for travel agents. Most of these providers are geared toward e-commerce business types, although some offer options for traditional travel credit card processing. The fact that many of these businesses are chiefly high risk providers means that merchants should expect to see higher rates than they would pay with standard credit card processing. Additionally, merchants should be aware that many of these providers offer their services via offshore merchant accounts. In order to obtain the best rates and service, make sure to click through each provider’s website to find the right fit for you.