Private on-demand air travel services have steadily grown in demand. This can be due to a number of appealing factors, such as the accessibility of these aircrafts for smaller groups and the ability for clients to pick and choose departure times and destinations. Having a private jet charter business can be a profitable venture, but payment processing solutions for smooth transactions can be quite a hassle for these businesses. Working with a high-risk payment processing company such as USA Payments can help these private jet airline businesses continue to thrive!
What Benefits Can a Private Jet Charter Merchant Account Have on My Airline Business?
A merchant account can be the key factor that plays a role in how businesses acquire payment processing solutions. This can make a huge difference when it comes to varied payment options for clients, the safe handling of secure payment information, and of course, the profit for a private charter business. Whether you are starting a new private jet business or have been around for a while, you want to ensure you can provide customers with different payment options when it comes to booking jet services. Further benefits of a personal jet charter merchant account with USA Payments can include:
- Credit card processing (Being able to accept all major credit cards)
- Debit card processing
- Mobile payment solutions
- Other custom tailored payment processing solutions
- No hidden fees
- PCI compliant terminal solutions
And much more. In order to push your business forward in the lucrative private charter industry, you want to ensure you have the proper payment processing options at all times. Having a merchant account can put you on the road to do this. Unfortunately, many traditional banks and payment processing institutions deem private airlines to be high-risk, which can lead their merchant account applications to be denied.
What is a High-Risk Merchant?
A high-risk merchant is a business that is considered to be at a much higher risk of running into financial issues, particularly chargebacks and fraud. Banks and other typical payment processing institutions avoid these merchants because they are weary of possibly losing revenue by working with them. This is why most high-risk merchants have their merchant account applications denied by these traditional financial institutions. And on the off chance that they are able to obtain a merchant account with a bank or other platform, a lot of personal charter businesses run the risk of having their account flagged, frozen, or even terminated at any time. This can result in a much bigger financial loss for your business!
Why is My Personal Air Travel Business High-Risk?
A private air travel business is considered high-risk due to:
- Chargebacks and fraud: A chargeback is usually filed by a customer with their bank due to various reasons, including dissatisfaction with a service or product, disagreeing with the price, or something else. When it comes to private airlines, a client may file a chargeback if they are unable to make the initial flight, or perhaps plans change. Most private charter services are booked online or through the phone with CNP (card-not-present) payments. These types of payments can be susceptible to more instances of fraud than other in-person payments.
- High-priced services: Booking a private airline service can be pretty costly. As an example, the cost to charter a plane can fall anywhere from $1,200 to $10,000 per billable hour. In the case of a potential chargeback, this can cause the airline a hefty loss. Because flights with private airlines are higher-priced, many banks and payment processing platforms are cautious of working with private jet charter merchants.
- Bankruptcy: Operating a private charter jet business can be quite expensive. The high operating costs associated with handling these types of businesses can often increase the chance of a company within this industry filing for bankruptcy. Because of this, a lot of banks and similar financial institutions avoid working with these types of merchants in order to not end up having to pay for chargebacks if a personal jet company files for bankruptcy.
USA Payments is a Top High-Risk Merchant Payment Processing Company
When banks and other payment processing platforms deny a private charter company’s merchant account, it may seem like the necessary payment solutions they need are out of reach. Fortunately, there are options. If you are looking for premier payment processing solutions from a knowledgeable company, then turn to the specialists at USA Payment. Our team is dedicated to providing U.S. based businesses with the freedom of custom payment processing options, and we have a specialization in working with high-risk merchants. We don’t see the risk in working with high-risk companies!
If you find your merchant account constantly being rejected with other payment processing companies, then USA Payments may be the key solution. We provide high-risk merchants with the specialized payment processing they need, with no hidden fees and the best services at some of the lowest rates in the market. Our merchant account applications have an acceptance rate of 98%, so businesses have the opportunity to focus on daily business operations, while we handle the rest when it comes to managing secure payment transactions as efficiently as possible.
How Can I Obtain a Private Jet Merchant Account for My Company?
Are you tired of the hassle that comes with trying to acquire unique payment solutions for your personal charter business with other typical banks and payment processing companies? Filing an application for a merchant account with USA Payments is easy. As soon as you get your application over to our team of specialists, you will feel peace of mind knowing that some of the most reliable and secure payment processing resolutions are not too far away from your reach. With a merchant account, you can have access to a variety of benefits for your company, which can in turn help:
- Establish client trust
- Make the payment transaction process much smoother
- Keep customer secure payment information protected
- Increase company profit and revenue
- Help with keeping your business stable and successful in the long run
Obtaining a merchant account for secure and efficient payment processing shouldn’t be impossible. At USA Payments, we believe every business should have the opportunity for reliable payment processing, regardless of the industry they’re based in! As long as our partnering merchants keep their chargeback rate under 3%, USA Payments provides all the tailored solutions they need to keep their business operating as efficiently as possible, without having to constantly worry about a frozen, flagged, or terminated merchant account!
Apply for Your Private Charter Merchant Account with USA Payments!
Are you ready to obtain payment processing for your private charter company? In today’s modern age, businesses must take the necessary steps in order to keep viable payment options available for clients. Increase your profit and keep your business operating with the most innovative payment solutions available on the market. Applying for a private charter merchant account with a high-risk payment processor can bring you closer to the payment solutions you need!
USA Payments is ready to help! Our team of private airline specialists can help companies with the specialized payment processing solutions they need for maximum growth and profit. Don’t let merchant application rejections from other banks and financial institutions get you down. Contact USA Payments today to learn more and get started on your application!