Travel Merchant Account

Get me out of hereeeeee!!

We all need a holiday don’t we after the last few years of the dreaded Covid and the miserable British weather. We all rely on the Travel sector to prop up our hopes of summer holidays, Sun sand Seas and s…… you know the rest. But unfortunately, Covid has made acquirers nervous on supporting travel companies with merchant accounts to accept payments via Visa and Mastercard. And the collapse of the mighty Thomas Cook is a prime example of how the giants can topple leaving the acquirer in the seat for a multi million payout.

Unfortunately, travel is one of the industry’s that has been hit the hardest overt the last few years with travel numbers drastically reducing because of the pandemic, this means that tour operators and airlines alike have had a torrid time in keeping their business going throughout this time, as balance sheets reduce and cash reserves diminish acquires have their own monitoring software that would flag up risks in these sectors and ultimately this leads to termination of merchant accounts and the withdrawal of payment services which would leave any travel business in a very precarious position to move forward.