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Before start receiving online funds, you must setup payment gateway for your merchant account. Your online payment gateway basically makes it possible for your customer’s payment to reach the merchant bank’s processor. For more informations please contact us telephone 1 (888) 622 - 6875 1 (844) 465 - 4723 Email info@merchantstronghold.com https://www.merchantstronghold.com
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MERCHANT STRONGHOLD HIGH RISK MERCHANT ACCOUNT FOR TRAVEL BUSINESS by Apoorv Joshi
BACKGROUND If you run a travel agency as tour operator, or hotel operator planning to the same then you must be excited by the opportunities in High Risk. . MERCHANT STRONGHOLD PAGE 2
REASONS OF HIGH RISK High ticket size Charge-backs Long Fulfillment time horizon High Failure rates Cancellations & Refund issues Competitive business PAGE 3 MERCHANT STRONGHOLD
WHAT YOU CAN DO TO GET MERCHANT ACCOUNT 1. If you have a good record of risk, fraud and charge-backs, you will be required to provide at least 6 months of prior financials to prove it. 2. The best side of this is that if you can provide financial statements of 3 years, you will have more leverage to negotiate a better deal. 3. If you are a new company with a weak or non-existent record, you will be required to accept a highly managed relationship. 4. A common mistake that everyone does is to find a big banks and merchant account providers. 5. If these processors receive any hint that you are high risk, there is a chance that the merchant account will be terminated. 6. Develop and put into action a strong fraud prevention plan. Introduce new tools that will help you detect and fight fraud. 7. Purchase a financial failure insurance plan to boost financial security. PAGE 4 MERCHANT STRONGHOLD
CONTACT US TODAY US HQ 10300 49th Street N Suite 427 Clearwater, Florida 33762 UK HQ 45 Rosehaugh Road Inverness Inverness-Shire IV3 8SW +1 (888) 622 - 6875 +1 (844) 465 - 4723 www.merchantstronghold.com PAGE 5 MERCHANT STRONGHOLD