Airlines Payment Processing With ACH Echeck And Cards.
Technical Information – Related Merchant Classification Codes
MCC 4511 Airlines and Air Carriers (Not Elsewhere Classified)
MCC 3000 – MCC 3350
The airline industry has recently started adopting alternative modes of payment. One of the most popular alternative ways of sending and receiving payments in the United States of America is ACH, also known as Automated Clearing House. Quadrapay is proud to announce that its USA based processing partners now offer highly reliable ACH payment gateways to Airline companies of almost any size. These solutions can be used effectively by large Airlines as well as smaller Chartered plane operators. Echecks is also used by travel operators, travel agents and sightseeing companies. Other related verticals like vacation rentals, hotels, motels and timeshare companies can also use this alternative mode of payment.
Charges And Fees Associated With Airline ACH Processing.
The processing company usually charges a per-transaction fee. This is known as the merchant discount rate. Since checking the integrity of transaction information is vital, that is why the ACH processing company may also charge a check validation fee. The processing company may also implement a monthly maintenance fee. Most of the times, our ACH solution providers do not charge any setup or annual fee.
Credit Card Processing For Airlines
On a case-by-case basis, our USA and EU based Credit Card processing partners also offer reliable merchant account solutions to similar businesses. The application process for securing this account is straightforward. The initial step is sending your basic information to the processing company through us. For this we will only require your name, email address, website and phone number. The processing company will analyse your website for pre-approval. If it fits into their expectations, then you will be asked to complete a detailed merchant account application form. With the application form, you will also send your KYC documents. This may include any travel industry-related certification your company may have. After the underwriting process, the acquiring institution will send you the rates and terms for your travel and Airlines merchant account. At this time you’ll have to look at all the terms and clauses mentioned in the Merchant account agreement. In case if you need any modification then you can certainly approach the processor to re look into the agreement. After signing the agreement, you get access to the gateway.
To get more detailed information about how Quadrapay can assist your airline in reducing the cost of payment processing through ACH/Echeck And Card processing send us an email on [email protected]. Our team will be happy to assist you.