Are you running your own travel agency without a travel merchant account? Or perhaps you’re planning on starting your own travel-related business and don’t know if a travel merchant account is worth it? If either of these scenarios is close to your own circumstance, let us fill you in on some of the benefits of a travel merchant account. And then you can decide whether a travel merchant account is right for you or not.
So, are you hoping to spend more time putting together fantastic vacations for your clients than squandering hours worrying and trying to work out how and if the customers’ payment will go through? It’s not a great situation when you’re troubling yourself over whether you’ll obtain a payment authorization before or after the customer has already taken their holiday trip.
Gaining a travel merchant account for your travel agency business is ideal because it frees you from the anxiety caused by the financial aspect of working in the travel industry. Instead of dealing with the unease of lengthy unconfirmed payments, you could be using your time more efficiently and doing more gratifying work like researching the best vacation spots for clients.
Because the majority of consumers would rather pay for travel services with a card than by any other means, having a travel merchant account gives you the benefit of processing credit card payments with the most ease and adeptness. This is a great advantage for people who would like to stop booking trips for people only to find out days later that their credit card was actually declined. Customers, obviously would benefit too since they also would like to know sooner rather than later if their card is accepted and they can confirm their plans.
With a travel merchant account the payment processing happens instantly, right then and there without delay. The speedy authorization lets you and your client know immediately if the payment went through or not. Moreover, having this type of accounts tend to accept every well-known make of credit card. Naturally, your customers will be happy to know they can use the credit card they own. Imagine the frustration of a customer if they’re eager to book an amazing trip but they’re unable to simply because they can’t use their specific card to pay for it.
Another perk of a having a travel merchant account is providing other advanced methods of payment besides credit cards. Not everyone is happy paying with credit, especially in the current state of economy. Fortunately, travel merchant accounts afford your customers the opportunity to pay with debit cards, pre-paid cards, electronic transfers and checks too.
Of course, if you have a normal banking account these kinds of payment methods are often difficult, impractical and sometimes simply not doable. But using a travel merchant account makes it easy. Apart from that, these particular payment types actually shrink deposit times and get rid of the chance that inadequate finances will become apparent weeks later, which is frustrating for both you and your customer.
It’s also worth mentioning that online payments is an additional advantage to setting up a travel merchant account. Think about the tremendous convenience your customers will have to be able to click on your site, choose their personal itineraries, along with pay for their trip securely online. Again, these payments will be validated right off the bat, not leaving you to wait to see if the money goes through.
And if you have any issues or questions that come up with the system, many merchant account providers are available 24/7 to help you figure things out and keep your business running smoothly. It’s very valuable to have someone on hand you can talk to any time you need.
The last big benefit of a travel merchant account is that you know anytime a payment is made the funds will be there, ready for you the very next day. By improving your cash flow this way, you’ll also be sure to pay your own bills on times, which means you’ll avoid those annoying late fees.
I hope it’s become apparent that you’ll be gaining a lot more time and money when a travel merchant account is in place. And Ultimate Merchant Providers is an ideal choice if ready to apply. After that, you might just want to start planning your own vacation!