Travel Merchant Accounts
At Signature Payments, we provide merchant accounts for a broad range of travel merchants. With more than two decades of industry experience, we specialize in providing “high-risk” businesses with the payment processing support they need to grow.
If you’re a travel merchant that has been repeatedly turned down by other payment providers, we may be able to help. Our team of in-house specialists are ready to guide you through the easy application process so you can get approved for your travel merchant account ASAP.
With Signature Payments You Get…
Easy Sign-Up
Our application can be accessed online for quick and easy completion in just a few minutes.
Fast Approvals
Our application review process is quick and easy so you can begin accepting payments in no time.
No Hidden Fees
Our team will work hard to get your account approved at the lowest possible rates with no hidden fees or extras.
Flexible Solutions
We partner with multiple banks and offer domestic and offshore solutions for the flexibility you need.
High Risk Travel Merchant Account
What is a Travel Merchant Account?
The problem is that many payment processors are reluctant to work with vendors in the travel space. Whether fairly or not, they deem travel merchants “high-risk.”
There are a few reasons why this perception exists:
Chargebacks
A chargeback is similar to a typical refund. Though instead of going through you (the merchant), the customer reverses the charges directly through his or her bank. That customer also keeps whatever service or good you sold to him or her. If you rack up enough chargebacks, you’ll also likely lose your merchant account.
Fraud
Payment fraud exists across all industries. By its nature, the tourism industry invites a lot of bad actors that take advantage of the anonymity and distance that online shopping offers. When you add special deals, reward points and exchange rates, it’s easy to see why payment processing for the travel industry is complex.
Compliance
Every sector of the economy has been directly impacted by COVID-19. The travel industry has taken one of the largest hits, with closures, restrictions, cancellations and testing all making it harder for tourists to reach and enjoy their destinations.
As a result of these challenges, most payment processors simply don’t offer travel industry merchant accounts. Those that do often charge exorbitant rates to compensate for the perceived “risk” of taking on such a client.
At Signature Payments, we specialize in providing high-risk merchants with the payment processing support they need to securely accept all major credit and debit cards — whether in-person, online, via mail or over the phone. If you need a merchant account for your travel agency, Signature Payments can help.
When others say no, we say yes.