In today’s fast-paced world, travel agencies face a unique set of challenges when it comes to providing seamless experiences for their customers. One of the most crucial aspects of a smooth travel experience is the ability to process credit card payments securely and efficiently.
These businesses enable millions of people to explore the world, engage in leisure activities, and more.
Sadly, many banks and credit card processors view travel and timeshare businesses as “high risk” and are hesitant to offer them merchant services.
Moneybox, on the other hand, has consistently provided merchant services to travel and timeshare businesses since our inception. We appreciate the services offered by all types of companies within the industry, including those providing airfare, hotel accommodations, timeshare services, cruises, excursions, and beyond.
Benefits of a Travel Agency Merchant Account
Enhanced Security and Fraud Prevention
Credit card processing systems provide a high level of security, ensuring that sensitive customer data is protected. By adhering to the Payment Card Industry Data Security Standard (PCI DSS), travel agencies can offer secure transactions and maintain trust with their clients. Advanced fraud prevention tools, such as tokenization and 3D Secure (3DS 2.0), further protect customers and reduce the risk of fraudulent activities.
Improved Efficiency and Convenience
By integrating a reliable credit card processing system, travel agencies can streamline their operations and reduce manual work. With features like virtual terminals and online payment gateways, agencies can accept payments from anywhere in the world, making the booking process more convenient for both the agency and the traveler.
Expanded Payment Options
A robust credit card processing system allows travel agencies to accept a wide range of payment methods, including credit and debit cards, e-checks, and even cryptocurrencies. This flexibility enables agencies to cater to a diverse clientele with varying payment preferences, ultimately increasing customer satisfaction and loyalty.
Faster Payment Processing
In the travel industry, time is of the essence. Credit card processing systems enable travel agencies to receive payments quickly, ensuring that funds are available when needed. This rapid processing allows agencies to manage their cash flow more effectively and maintain strong relationships with their suppliers, such as airlines, hotels, and car rental companies.
Travel Agency
Seamless Integration with Travel Management Software
Many credit card processing systems are designed to seamlessly integrate with popular travel management software, allowing for a more efficient and streamlined workflow. This integration enables travel agencies to manage bookings, payments, and customer information all in one place, making it easier to provide a high level of service to their clients.
Credit card processing plays a vital role in the success of modern travel agencies. By offering enhanced security, improved efficiency, expanded payment options, and faster processing, these systems help agencies to provide the best possible experience for their clients. As the travel industry continues to evolve, the importance of credit card processing in travel agencies is only set to grow.
Travel Merchant Account Types
No matter the type of travel or timeshare business you own, providing various payment channels to your customers ensures ultimate convenience. At PaymentCloud, we assist our merchants in accessing a wide range of merchant services. Let’s delve into the different payment methods we facilitate:
Online
Digital payments have gained significant popularity among consumers, making it crucial for your travel business to embrace online payment opportunities. We offer online payment solutions with payment gateways that seamlessly integrate with most eCommerce platforms, allowing you to accept online payments effortlessly. Additionally, our security-focused approach and fraud-prevention tools ensure that your business benefits from robust chargeback protection.
Retail
Although brick-and-mortar travel agencies are rare in the modern tourism landscape, some travel businesses still operate in physical locations. If you desire to combine online transactions with in-person payment processing, we can assist you. Our retail payment solutions make it easy for customers to pay for tours, rentals, and other travel services!
Over the Phone
Lastly, accepting over-the-phone payments via a virtual terminal is essential for offering true convenience to your customers. These digital terminals simplify the process of inputting a customer’s credit card information over the phone or via email when the card is not physically present during the sale. Virtual terminals can be a simple way for your customers to pay without needing to visit a physical location and are particularly beneficial for sales hotlines or custom services.
Let’s delve into the factors that make Moneybox a top choice for travel merchant accounts:
Affordable payment options
At Moneybox, we provide affordable and transparent payment processing to the travel industry. Our goal is to help merchants save money on processing fees and reinvest those savings back into their businesses.
Versatile Products
Our range of products caters to a variety of needs. Whether you require a merchant account (in-person or online), a card reader, ACH & eCheck payments, or any other payment solution, you’ll find it here!
High Risk Compatibility
We help high-risk businesses access merchant services with customized solutions developed from our years of experience. Our goal is to provide all entrepreneurs with top-quality payment processing solutions, even those who have been turned away by other providers.
Lastly, we understand the unique needs of our travel merchants. We’re excited to provide industry-specific payment services to all of our clients. Whether you want to implement QR code payments to make it easier for your customers or need a custom payment gateway to match your business’s branding, we’re here to help you!