Airline Credit Card Processing With Quadrapay
An airline merchant account enables airlines and OTAs (Online Travel Agencies) to sell tickets over the internet as well as in person by accepting payments through credit and debit cards. Having an airline credit card processing account makes transaction processing extremely easy for both small and large airline companies.
QuadraPay’s payment processing partners deliver high-quality airline merchant accounts at extremely cost-effective pricing. As an experienced high-risk merchant account provider, we can assure airline merchants that we have multiple processing partners who will be happy to evaluate your application for credit and debit card processing. Our ability to submit your application to various providers and then provide you with the opportunity to choose the most economical one makes us the perfect solution provider for airline merchant accounts.
Why Airline Merchant Accounts Are Considered High Risk
Airline merchant accounts are deemed high risk by acquiring banks due to several reasons. These days, more than 50% of airline tickets are booked either over the internet or via phone. In all these transactions, the card is not physically present with the merchant at the time of booking, making them card-not-present transactions, which are considered high risk by banks. Because the card is not physically present, it raises a red flag regarding the possibility of fraudulent transactions.
Additionally, the industry is susceptible to high chargebacks. It is common for people to cancel tickets for various reasons, although these reasons can be genuine. However, the high cancellation ratio also contributes to making airlines and OTAs high risk when it comes to acquiring. Natural disasters and regional political issues can also result in heavy cancellations, further impacting financial institutions.
We are all well aware of the massive cancellations the airline industry experienced during the COVID-19 pandemic.
The high value of airline tickets also adds to the risk factor. Altogether, these factors make airlines a high risk industry for acquiring banks.
QuadraPay’s partnership with multiple payment processing companies allows us to offer you online as well as retail payment acceptance for airline businesses in over 100 currencies. Our solutions are a perfect fit for your requirements, including in-flight payments as well as airport payments. We have been happily assisting high-risk merchants, including those from the airline industry, since 2016. Our extensive experience and connections with various high-risk merchant account providers give us the ability to provide you with a solid solution that meets your requirements.
Benefits of Airline Merchant Processing
It is a known fact that airlines and OTAs cannot survive without a reliable airline credit card processing solution. There are multiple benefits that an airline can gain if it switches to airline merchant processing services. These include the ability to accept online as well as retail payments. Airlines can accept contactless transactions as well as payments through various mobile wallets. These transactions can be for booking tickets, upgrades, or any other ancillary services.
Transparent pricing helps airlines ensure that they remain profitable and do not incur expensive fees for card transactions. With airline merchant processing, local as well as international transactions are possible. With features like dynamic currency conversion, airlines can display the pricing of air tickets in the home currency of the customer, generating trust and increasing overall customer satisfaction. Our airline merchant processing solutions are powered by some of the best credit card processing companies, providing extraordinary network uptime which results in maximum conversion.
Measures for Security with Airline Merchant Services
Airlines sell tickets worth billions of dollars, making it extremely important for airline credit card processing companies to ensure they implement all the required security measures to ensure secure transactions. Additionally, measures to prevent fraudulent transactions must also be in place. Utilizing various tools help reduce fraud and increase revenue by identifying and stopping risky transactions in real time. Tools such as real-time fraud identification, 3D secure processing, and full compliance with PCI DSS standards enhance the security of transactions.
Various Airline Merchant Services
QuadraPay provides multiple payment services for airlines in association with top-notch payment processors across the world. Let’s explore the key services that we can bring to your business:
IVR Payment for Airlines: Interactive Voice Response (IVR) payment, also known as touch-tone payments, is very popular in the airline industry. Customers often book air tickets by calling the airline’s phone number and then submit their card information to purchase tickets. Although the usage of this kind of technology has reduced, it is still considered one of the important payment solutions for airlines.
Online Credit Card Processing for Airlines: For online air ticket bookings, we offer online credit card processing solutions for airlines. With this kind of solution, airlines can easily accept credit and debit card payments on their booking websites and mobile apps. The solutions also allow airlines to accept alternative payment methods, which increases the conversion ratio.
Retail Credit Card Processing for Airlines: For card-present transactions at places like the airport or travel agencies, we also offer retail credit card processing terminals. With these terminals, airlines can easily accept in-person payments. These modern terminals also support various new technologies, including tap-and-pay, QR code payments, and contactless payments.
Apply Today To Accept Seamless Payment For Airline Services
With many served merchants from your industry type, Quadrapay knows which solution is best for you. Submit us a pre-approval form onto our site, and we will get back to you within 24 hours. We at Quadrapay analyze your application and business requirements. We then forward your application to one of our processor partners and assist you throughout the process. You only need to fill the merchant application form and submit it to us along with set of all required KYC documents. This will assist to have a faster and seamless merchant account search procedure for your airline business.
FAQ Airline Merchant Processing
What is the Inflight Payment System or Airlines’ Inflight Payments?
These days, technology enables airlines to accept in-flight payments. With the Inflight payment system terminals, airline companies can easily accept well-known credit and debit cards. These terminals resemble typical EDC machines or credit card swiping terminals but offer advanced features. Various embedded fraud checks help merchants reduce instances of fraudulent transactions.
Additionally, the strict boarding process also helps merchants technically reduce instances of fraud. Airlines use these inflight payment terminals to sell goods and services offered onboard, such as food, beverages, duty-free items, and entertainment.
The profit from only airfare is not something which can keep the airlines going strong all the time. No frill airlines are significant market shareholders, but they also need to make their ends meet. This is why airline companies offer various products for sale on board. These can be earplugs, mp3 players, watches, Perfumes, Imitation Jewellery and Magazines. Flyers can also purchase delicious food items.
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