If you manage a travel company, you probably have a pretty solid grasp on how the industry works. Providing people with the opportunity to experience a new world can be extremely fulfilling, both in a personal sense and in a financial one.
Although the travel industry can be an incredible business venture, that potential comes with a high possibility for risk.
Merchant payment providers consider travel companies at high risk for chargeback fraud because of their large average order payment. If someone decides to issue a fraudulent chargeback after taking a trip worth thousands of dollars, it could be a substantial blow to your business, especially if it’s in the early stages of operation. Creating an account with a traditional card processing company can be difficult when you own a high-risk company.