Travel

April 27, 2021

In an age where the unexpected must be expected and new rules and regulations are put in place around the world on a regular basis, travel has quickly fallen under the high risk category. High ticket trips come at a high cost when complications occur.

The risk of cancellation for a trip has always existed, but now more than ever it must be taken into account from the moment of the booking. The chance of a chargeback is high, and these high cost trips are a risk to the banks. The travel industry is a red flag.

In the event that a trip is booked through your travel service and things go south, you need to be prepared. Refunds will occur. The customer will submit a dispute and if won, the bank will reach for the funds from you account. If your accounts funds are insufficient, the processing company will be responsible for covering the amount to be refunded.

As a high risk business, the travel industry will be expected to do much more heavy lifting when it comes to underwriting and will be hit with higher transaction fees. High Risk Payment Pros makes it simple to get approved for a travel account. No need to get denied by bank, avoid the aggravation with the help of our expert team.