Merchant Acquirers (or Getting a Credit Card Facility)
If you want to take payments from credit cards you need to have a merchant facility, also known as a credit card facility. This is neither a regulatory or legal requirement, but a commercial requirement from the credit card industry. The reason for including it here in our regulatory section is that it leads to a similar implication …

When a customer makes a credit card purchase for more than £100, the credit card company has to insure that purchase, they have no choice. If the company who sold to the customer fails to deliver (assume they become insolvent) the credit card company has to refund the customer. As a result, the credit card company is careful about handing out merchant facilities. To protect themselves, they will almost certainly ask for some form of a guarantee or bond. As with the PTR and ATOL, this will require some up front costs. Once again, TTA membership comes with a credit card facility. This facility is also cheaper to use than the standard deal offered.

Before you rush off to get your merchant facility, it may be worth knowing that there are three different types of credit card facility:

  • Physical terminal: a physical device that you manually process payments through.
  • Desktop facility: this operates in the same way as a physical terminal but it allows multiple users access at the same time - it is therefore better for larger companies
  • Online facility: this enables customers to make payments over a website ie use the merchant facility remotely.
Copyright© 1993 - 2010 by TTA Travel Unlimited t/a Travel Trust Association. All rights reserved. All specifications subject to change without notice.

TTA Travel Unlimited t/a Travel Trust Association is a company registered  in England and Wales.  Company Number 2813371, VAT No 918483104. Registered Office: Albion House, 3rd Floor, High Street, Woking, Surrey, GU21 6BD. Telephone: 01483 545787, FAX: 01483 730746,  E-MAIL: Other products and companies referred to herein are trademarks or registered trademarks of their respective companies or mark holders.

All calls to Travel Trust Association are recorded.


Home | Wantrapreneur | Consumer Zone | Verify TTA Member | Search for your Nearest Agent | Member Zone | Business Partner Zone
Membership | Introduction | 1. Travel Market and Its Customers | Tour Operator | Tour Organiser | Retail Agent, Travel Agent | Brokers / Flight Consolidators | Suppliers | Scale, Niche or Tailored | Me too customer proposition | 2. Travel Regulation and Legalities | European Package Travel Regulation | Civil Aviation Authorities ATOL | Financial Services Authority (FSA) | Merchant Acquirer Facilities | PTR and ATOL Overlap | 3. Cash, surviving the first year | What are your startup costs | Business Operating Costs | Strange impact of fixed costs | Constructing the cashflow and survival models | Funding the first year | 4. Marketing and Sales | Decide on Marketing Messages | Decide on Target Communications Channels | Costs and Availability of Target Comms Channels | Run a Test Marketing Campaign | Run a test sales campaign | Re-approach the customer | Assess your business | 5. Travel Business Operations | Front Office Operations | Back Office Operations | 6. Travel Business Network | 7. Travel Business Leadership | Leadership Style | Communications Techniques | Time Management | Choosing People | Why TTA | TTA Membership | TTA Homeworking | TTA Technology | TTA Business Partners | TTA Travel Expertise | ATOL Application | FAQs | Glossary of Terms | Feedback | Who is Travel Trust Association? | What does it mean if a company is a member of TTA? | How does TTA provide 100% financial protection? | Failiures | Complaints procedure | Frequently asked questions | News | EHIC Renewal | Contact us | Search Travel Options – Full Financial Protection