Airline & Jet Charters Merchant Accounts
Credit Card Processing for Air Charter Companies
Owners of air charter companies do everything in their power to satisfy their clientele. From hassle-free travel to the latest in-flight amenities, every detail must be carefully planned out in order to build relationships that lead to repeat business and referrals. This includes billing and payment practices, as private charter passengers want to be assured that their transactions are completed quickly, conveniently, and securely. Due to the nature of the business, however, companies may find it difficult to open an air charter merchant account that meets their needs.
In today’s rapidly changing markets, more and more vendors rely on fast credit card processing and top quality merchant account service. Despite credit card payments becoming the new standard in purchases for businesses in all industries, many merchant service providers remain stubbornly resistant to change. This makes things difficult for everyone, but for high risk merchants the difficulties are even more pronounced. Unfortunately, this means obtaining your jet charter payment processing account can be much more difficult than it should be.
Since the economy started on its path to recovery, the demand for air travel services like yours has been on the rise. This is especially the case since 2012 when the nation’s workforce finally regained confidence and got back on its feet in a meaningful way. According to a 2017 report by IBISWorld, the airline industry grew by 2.3% between the years 2012 and 2017. Today, airlines generate more than $23 billion dollars every year. This is projected to increase to $25 billion by 2020, according to conservative estimates.
Despite the fact that your industry is so strong, and your service is in such high demand, the mainstream credit card processing and financial institutions see airlines as troublesome clients. They have labeled the industry high risk as a whole meaning most processors will not even consider merchant accounts for these businesses.
As a high risk merchant, airlines suffer from unfairly bloated processing rates and fees and feature lacking services from their credit processing service providers. What’s worse, the difficulties in obtaining your airline merchant account or jet charter merchant account can be much higher than they should be.
Challenges Charter Companies Face with Processing
Jet charter travel is considered a high-risk industry because of the high-ticket value and exposure to risk. At the same time, companies operating in this space require online credit card processing solutions in order to ensure passengers can book their travel without hassle. Customers that choose private airlines for travel may also require flexible billing that works with their business budget, which can turn some processors away from issuing companies a jet charter merchant account. Some obstacles jet charter businesses face include:
• High-Value Transactions
• Irregular Billing Schedules
• Online Reservations and Advanced Scheduling
• Risk of Chargebacks and Cancellations
Leap Payments understands the challenges your company faces and is committed to working with you to create a credit card processing solution that provides you and your clients with the best payment options.
Reasons to Work with Leap Payments
Leap Payments is the best-rated credit card processing company in the industry and we have experience working with high-risk merchants. You need an air charter merchant account that offers you flexibility and financial security so you can focus on creating the best experience for your passengers. We believe in keeping your costs down, which is why we guarantee that your payment rates will not increase over the life of your account. Along with our Interchange plus pricing model, this ensures you get the lowest possible rates while being able to implement a processing solution fit for your unique situation. Here are just some of the reasons companies open a jet charter merchant account with Leap Payments:
• Lifetime Rate Lock
• Customized Online Processing Solutions
• Next Day Funding*
• 100% U.S.-Based Support Anytime
Since private jet passengers prefer to pay by credit card rather than cash or check, we work with air charter companies on building an online credit card processing program that integrates easily with their reservation system. Card readers can also be installed for your physical location. We are committed to helping each of our partners succeed and are here to help your business understand everything from your monthly statements to finding ways to lower your chargeback rates. Leap Payments also does not sign contracts – we continually work to earn your business each and every day.
Learn more about the Leap Payments advantage and take the first step toward opening your jet charter merchant account today. Contact a representative directly for more information.
*Next day funding is not guaranteed for all merchant accounts. Available only for qualifying merchants. To see if you qualify, call (800) 993-6300 now and speak to an account specialist.
Here at Leap Payments, we do not have the same mission and beliefs that many low risk credit card processors do. Our merchant services are specially designed to accommodate so called “too high risk to work with” businesses like yours. The way we see it is that your airline or jet charter business is a viable and profitable industry. Just because you experience regular setbacks in the form of chargebacks and disputes does not mean that your business is unfit or undeserving of quality credit card processing. We don’t look at you as a liability, we look at you as a valuable potential partner.
That’s why we do everything we can to make the application process as easy and fast as it can be. After you submit your contact form, we will be in touch with you within 24 hours. After that, we will help you to understand what the application process requires and how you can optimize your chances of approval.
Best of all, when you submit your application for your jet charter credit card processing or airline payment processing account, you can expect to hear back from us within 24 hours to tell you whether or not your account has been approved. Our approval rates are much higher than the competition.
However, in the unlikely event that you do not qualify for our airline credit card processing services, we will work with you to find another solution and improve your chances later down the line. It could be that you need to improve your business credit score, or that a piece of documentation is missing.
Our goal is to get you approved so that you can get on with what you do best, getting your customers to their desired locations.