Our Team has 20+ Years of High-Risk Payment Processing Experience
We have the largest network of high risk banks in the industry, and growing! Paydiverse has thoroughly tested numerous processing banks to understand which are the perfect fit for every high-risk merchant account category. We have a diverse array of solutions per business type unlike anyone else in the industry.
- 24-48 Hour Payouts
- Lowest Rates, Multiple Bank Approvals
- Fast Approvals
- 100% Digital Application
Secure Payment Processing
In 3 Simple Steps
Complete our quick and easy online application
Digitally sign applications using your mouse
Securely upload supporting documents
Applications are sent to all banks that have pre-approved you
Banks will review and determine a processing limit
Daily updates sent with additional documents and final approvals
Payment Gateways are activated
Integrate your Payment Gateway with the backend of your site
Start accepting payments from your customers immediately
Travel Merchant Accounts
- Travel agents
- Timeshare sellers/resellers
- Tour operators
- Ticket sellers
- Vacation package companies
- Hotels/motels/other lodging
- Travel-related clubs and membership programs
- Travel reservation services
Why Are Travel Agencies and Other Travel Merchants Considered High Risk?
The travel industry has a particularly large number of businesses which fail. This is because often travel reservation companies and tour operators will pre-sell too many tickets for tours or vacations and find themselves unable to fulfill their orders. They are then left to refund ticket sales, but unfortunately in many cases either the money has already been spent on overhead expenses or else refunding tickets will leave the merchant with very little remaining cash. This is another reason that traditional banks and payment processors consider travel merchants to be high risk.
Can Payment Aggregators Provide Credit Card Processing Services to Travel Merchants?
Most payment aggregators do not provide services to merchants in the travel industry. This is simply because most do not have strong enough risk management strategies in place. In rare cases where they do provide services to the travel industry, it is best for the merchant to carefully review all terms of service to ensure that fraud prevention policies are in place and fees are reasonable for the service provided.
High Risk Merchant Accounts for Travel Agencies
Award-Winning Fraud Prevention
When fraud is detected, our system will immediately alert the merchant to the suspicious transaction. This includes payments made with stolen identities or stolen cards, as well as fraudulent cards. When installing our payment gateway, the merchant will be able to configure our fraud filters to notify them of fraud using criteria that meet the specific concerns of the business. They will also be able to set the system to automatically decline suspicious transactions or suspend transactions pending investigation if they wish.
Multi-Bank and Offshore Processing
If one bank account receives a particularly large amount of chargeback accounts, they may risk account freezing or account closure. In the event that this does occur, the merchant will have have multiple other banks to fall back on so they may continue processing credit and debit card payments, as well as e-check and ACH payments, as normal.
In some cases, high risk merchants may require access to offshore banking solutions. Banks outside of the United States are usually subject to less trading restrictions and have underwriting and approval policies that are far less stringent. Merchants who struggle with higher chargeback ratios or who have little to no credit processing history may benefit from banking and processing offshore.
Chargeback Protection and Disputes
With a PayDiverse high risk merchant account, the merchant will be notified in real time as soon as a chargeback is initiated. We also provide our merchants with the advice and support they require to avoid excessive chargebacks and to dispute illegitimate chargebacks before they have a negative effect on the business’s accounts.
How to Get Started
If you are a travel agency, tour operator, travel club/membership program provider or you provide other travel-related goods or services, you likely qualify for a high risk merchant account with PayDiverse. We have designed our account services specifically for travel merchants with businesses just like yours. We offer industry-leading payment processing solutions with the support of our network of over 40 banks and both in the United States and offshore.
If you’re ready to get started, just fill out our secure application form, electronically sign your applications and submit the requested supporting documents. Once we’ve received everything we need, our underwriters will confirm your details and review your application immediately. As long as all information received is accurate and complete, we will be able to provide you with a response within 24 hours, and upon approval, you’ll have access to our full range of services and be able to process payments within 48 hours.
Diverse Payment Processing is Smart Processing
Fill out our free and quick merchant account application and let us match you with many banks that want your business.