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CHECK-IN NEEDS POKER MERCHANT ACCOUNT

Merchant account is a bank account where the merchant is offered the services of accepting credit cards to receive payments. A hotel or lodging business also needs this type of services. Today, merchant account is provided to the hotel businesses too. This has made the business prosper in a great way. A hotel which is located in a tourist place needs this type of merchant account. This is because tourists travel the world depending upon their credit cards that they carry. They usually make payment through their credit card. If the hotel doesn’t accept credit cards and accepts only cash, and if the tourists want to pay through the credit card, then it will be impossible for the tourists to check into the hotel. The tourists will choose to go to another hotel in such cases. This can affect the business of the hotel. So a credit card terminal and a merchant account are very much important for hotel/lodging merchants. 

The hotel merchant account works in a unique way. This service updates the check-in and check-out records of the customers at the reception. Processing of checks, debit card and credit card is done by these systems. It also creates a database of the customer until that particular customer checks-out. These data are required for future reference and also for cross checking of the customer’s information. Every customer who checks-in must fill an application form with his/her information. This information includes the customer’s name, where he/she has come from, purpose of visit, credit card information and its issuing company, age, address, etc. In the early days, these records were kept by writing in books and later into computers. Today, due to the internet and electronic banking system, it is easy for the merchant to have a complete check about the customers instantly. The internet and electronic banking system has helped a lot in making a business reach high levels in a short period of time.

The customers who come to the hotel/lodge are complete strangers. So it is very important to have a background check on every customer. Fraudulent cases have been reported during the early days regarding faulty customers but now there is very low chance of those types of cases after the impact of the electronic banking system.

A merchant account for a hotel or lodging business is provided by the bank after a certain set of formalities are done by the merchant. There are costs included for establishing such merchant accounts. In the modern era, we can visit any place and stay the nights at hotels and make payments through our credit card. Almost 70 percent of the hotels around the world have these services. So there is no need to worry if you are travelling with your credit card. It is a simple and easy way of making payments but secure modes of card processors are important. There are chances of being cheated by frauds. One should be careful while making a transaction at the hotel/lodge merchants.

Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.