The widely-used phrase when you're going out, “ Stay safe”, does not fully apply to travel merchant accounts.
Taking the risky waters of a travel agency business is considered challenging. This kind of endeavor is considered high risk generally because of the following:
● sky-high chargebacks
● legal repercussions
● negative publicity for the bank
A travel merchant account is categorized as high risk because of the high return of chargebacks. These returned funds stem from advanced bookings and payment installments that unfortunately, are never fully settled. Thus, this poses financial liability to the bank.
Go the distance and get more information on travel merchant account by reading the whole article:
Skydiving to Success with a Travel Merchant Account
Taking the risky waters of a travel agency business is considered challenging. This kind of endeavor is considered high risk generally because of the following:
● sky-high chargebacks
● legal repercussions
● negative publicity for the bank
A travel merchant account is categorized as high risk because of the high return of chargebacks. These returned funds stem from advanced bookings and payment installments that unfortunately, are never fully settled. Thus, this poses financial liability to the bank.
Go the distance and get more information on travel merchant account by reading the whole article:
Skydiving to Success with a Travel Merchant Account
