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Travel and Accommodation


Please be aware that in the current economic climate we are finding it fairly tricky to place travel merchants with any sponsored banks.

The banking and credit card rules state that if you are a travel related business providing accommodation and / or flights as part of the product or service that you offer then you must either be ABTA or ATOL bonded (unless you own the hotel or airline). The main reason for the rule is that you may only take a payment for something for which the fulfillment is under your control.


Offer holiday lets?


If you own the holiday let then we can help, however If you are accepting payments for deposits for a third party, we may still be able to offer you a merchant account, however certain conditions apply.

Please note that you can collect initial deposits but can not take payments for the remainder of the let or the initial full payment.

On top of the above there are certain points that also need to be met:

 

  • Clear terms and conditions

  • Long refund policy (approx 30 days)

  • Good, clear contact details

  • Solid agreements with suppliers, fulfillment houses, drop ship companies etc.

  • Deposit is equal to your commission

Also the following requirements may be placed:

  • 10% rolling reserve instead of 5%

  • 14 day settlement period instead of 7


Please click here for pricing and costs for our payment solution

 


Get started today...



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