Handling your airline Booking merchant account
Airline booking merchant accounts have always been high risk, which causes all sorts of headaches. eMerchant Authority is here to change that, offering rates that aren’t sky high. Now that’s something to smile about. Apply today to get started.
The reason why airline booking merchant accounts are considered high risk is because of how the transaction is processed. With airlines, all sales are not final. A change in plans could completely alter the customer’s travel plans. When this happens they may not use their reservation and request a refund. Since airlines are required to give out refunds often they have no choice but to search for high-risk accounts.
High risk merchant accounts are required when a business experiences a lot of chargebacks. With airlines, the customer has a rather large window from the time they order their airline ticket in which they are allowed to cancel their plans and request a refund. Refunds are often seen as hazardous making any business that has to give them out more frequently high risk.
It’s not just the refunds that put airline booking merchant accounts in the high risk category either. When customers make their flight reservations, it is usually done online or by phone. These are considered “card not present” purchases and the reason it is considered a high risk form of payment is because there is a greater chance of fraud. Fraud presents a higher probability of chargebacks.
Airline tickets are expensive, so they are considered “High Ticket Size”. Aquiring banks see these types of businesses as huge red flags. High priced chargebacks are one of the biggest deal breakers for a lot of banks. The issues with many banks is they look at all of the “what if” factors. They tend to base their evaluation on questions like “what if there are many chargebacks for high ticket sales?”
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Why You Should Let eMerchant Authority Handle Your Airline Merchant Services
When it comes to handling high risk merchant accounts, eMerchant Authority is the leading company in the industry. Anytime you apply for an airline booking merchant account the banks will assess if they think your company will receive a lot of high ticket chargebacks or not. This is how they determine if you are high risk or not.
High risk accounts always do better when they are with a company like eMerchant Authority. We understand what companies need when it comes to their airline merchant services. If you apply to a bank there’s two very important factors airlines need to consider about their account that could get them rejected: underwriting and fees.
When it comes to underwriting, if your airline is placed in this category for being high risk then you will have a more difficult time with the payment processing. You may be required to provide bank statements, tax returns, corporate paperwork, and the airline’s processing history.
Many banks will also have very fees to make sure the airline merchant services can cover the high chargebacks. However, with eMerchant Authority you can avoid those high fees. We strive in making applying for airline merchant services simple.
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