Hotels Credit Card Processing

What You Need To Know

If you have been owning or operating a hotel, resort, restaurant or spa, you probably have noticed a decline in sales for the past couple of years. The worldwide economic downturn that has occurred over the past couple of years seriously affected almost everyone in any luxury industry – especially luxury travel and lodging. Despite the increased level of difficulty that has come with getting and keeping clientele in this industry, there are ways to ensure that your business still manages to survive the harsh economic times.

Most resort owners know that people like to go out and have a good time, and enjoy a nice vacation. They also know that technology is key. With the spike in online and mobile users searching for great rates for their next vacation, most brick-and-mortar travel agencies have pared down, or even gone completely out of business. A good way to get more customers, then, is to adapt by offering package deals that take guesswork out of shopping around. Better still is the option of offering wholesale package deals to online travel brokers who can get you the clientele that you need in order to stay in business.

Why You Need A Merchant Account

A merchant account is what you need in order to accept credit card payments to your company. With cash and checks becoming less popular as the days continue, you will need to adapt to new payment technology. A good merchant account company can also streamline the check-in/check-out process, and even lower your resort or hotel’s operating costs. Many people won’t book a hotel unless they accept credit cards these days, so not having a merchant account can be seriously detrimental to your profits.

A Great Merchant Account Can Tailor Itself To Your Company’s Needs.

Many merchant account companies offer POS systems that are specialized for the industries that they serve. So, if you have a hotel, resort, or spa, you will be able to receive payments, create bills, and keep track of purchases with ease. Though there is some risk involved with merchant accounts, the fact is that it is a risk worth taking for most.

Chargebacks And Issues.

The travel industry is notorious for chargebacks, problems with credit card swipes, and other similar issues. Along with typical bickering that comes with credit card swipes, the travel industry also tends to deal with lots of identity theft and fraud. This is why traditional merchant account systems often charge high interest rates for merchants who work in the travel industry. In fact, there are many stories out there of hoteliers who weren’t able to be approved for their own merchant accounts. These stories continue to surface despite it being 2013.

We are not your average merchant account company, though. You can get approved, get low rates, and also get a great POS system that is tailored to the needs that come with working in the travel industry. Call us today for a free consultation.