A **Travel Merchant Account** is a specialized type of business account designed to help travel-related businesses, such as travel agencies, tour operators, airlines, and hotels, process payments from customers. This account allows businesses to accept credit card and debit card payments securely for bookings and other services.
Features often include:
- **Multi-currency support** for international transactions.
- **Chargeback protection**, which helps handle disputes and reduce risks.
- **Integration with booking systems** for seamless payment processing.
- **Fast settlements** to ensure the business receives payments quickly.
This type of account is crucial for ensuring smooth financial transactions, especially in the global travel industry where clients may be making bookings from various parts of the world.