A travel merchant account is necessary for anyone who operates an online travel website or a travel agency. Travel sites are primarily a business of convenience. They offer an easy way for customers to explore their options and make reservations from the comfort of their own home or office.
You can’t offer convenience without a way to process payments online.
Are you a travel merchant? If you are, then you have probably found the process of opening a merchant account to be anything but convenient.
Challenges to Opening a Travel Merchant Account
Unfortunately, credit card processing for the travel business is expensive and hard to find. Travel plans are often subject to last minute changes. Cancellation fees, change fees, and other travel reservation policies can cause disputes and chargebacks.
Many traditional domestic banks will consider this risk too high. They will either make it extremely difficult to get approved or offer very undesirable rates.
CDKPay can help. We offer payment processing solutions for your travel or hospitality business.
Travel Credit Card Processing with CDKPay
Choosing the right bank is one of the most important steps in this process. If you start with the right financial institution, you won’t experience the hassle of going from bank to bank to find approval.
CDKPay is experienced with travel merchant accounts, and we work with a wide network of banks.
Our expertise will eliminate trial and error, as we will match your company with a bank that understands your business model.
Low Rates that Help You Stay Profitable
Getting approved for an travel merchant account will not help if you have to pay ridiculously high rates. CDKPay has established relationships with the right banks to bring you affordable rates. Most of our clients are able to attain low rates for credit card processing, some even as low as 2.95%.
Establish Long-Term Credibility
There is more to being a successful travel merchant than getting approved with good rates on the front end. Chargebacks and instances of fraud can damage your credibility and cause a rate increase. Persistent problems can even cause you to lose your account. At CDKPay, we help you prevent chargebacks by monitoring and preventing fraud from happening, helping you to successfully process payments through your travel merchant account.
CDKPay has a robust package of fraud and risk management features. We can help you proactively manage these risks to keep your account in good standing. In some cases, we have been able to cut chargebacks in half!
Travel Merchant Account Application Process
- We will contact you to discuss your needs in detail and make sure that we understand your unique travel business model.
- The experience and expertise of CDKPay is used to find the right merchant account provider, and we help you begin the application process.
- Once the application is approved and an agreement is signed, you are ready to take your travel merchant account live to begin payment processing!
- CDKPay is available to you for ongoing support. We offer responsive customer service so that you can run your business with ease.
CDKPay can help you with payment processing solutions that are reliable and affordable for your business.