PRESENTED TO, PRESENTED BY,

DR.JAGADISH BIRADAR MANIKANDAN.N

ASSISTANT PROFESSOR 23PTOUR006
DEPARTMENT OF TOURISM AND HOTEL MANAGEMENT DEPARTMENT OF TOURISM AND HOTEL MANAGEMENT
 Merchant Rates Restricted
Operation Accounts
The merchant discount rate (MDR) is a fee that merchants and other businesses must
pay to a payment processing company on debit or credit card transactions. The MDR
typically comes in the form of a percentage of the transaction amount. It is also referred
to as a transaction discount rate (TDR) or a discount rate.
Merchant rates for tourism agencies and suppliers can be complex, with specific
accounts and restrictions to navigate. Understanding these account types and
associated costs is crucial for successful tourism operations.

AV
The Need for Specialized Accounts
Tourism agencies and suppliers of tourism services often face unique financial
challenges that require specialized banking solutions. Standard merchant
accounts may not adequately address the specific needs of these businesses,
such as managing high-volume transactions, handling multiple currencies, and
complying with industry-specific regulations.

By utilizing merchant rates restricted operation accounts, tourism-focused

organizations can access tailored services, competitive pricing, and enhanced
security features to streamline their financial operations and better serve their
clients.
Benefits of Merchant Rates Restricted
Operation Accounts
Reduced Payment
Processing Costs
Merchant rates restricted
accounts offer lower credit and
debit card transaction fees,
helping tourism businesses save
on operational costs and boost
profitability.
Simplified Accounting
Dedicated merchant accounts
provide detailed transaction
records and streamlined
reconciliation, making it easier to
manage finances and maintain
regulatory compliance.
Enhanced Security
These specialized accounts
include robust fraud detection
and prevention measures,
protecting tourism agencies and
suppliers from chargebacks and
unauthorized transactions.
Key Features of Merchant Rates Restricted
Restricted Operation Accounts
Competitive Merchant Rates
These specialized accounts offer lower
transaction fees and merchant rates, helping
tourism businesses keep more of their revenue.
Streamlined Onboarding
The application process is designed to be quick
and simple, minimizing disruption to your
business operations.
Tailored Reporting
Detailed transaction reports and analytics provide
valuable insights to optimize cash flow and
identify growth opportunities.
Dedicated Support
Access to a specialized support team ensures
your questions are answered promptly and any
issues are resolved efficiently.
Eligibility Criteria for Tourism Agencies and
Suppliers
Tourism Agencies
To be eligible for a Merchant Rates Restricted
Operation Account, tourism agencies must be
officially registered and licensed to operate within
their respective jurisdictions. They must also
demonstrate a proven track record of providing high-
quality travel services.
Tourism Suppliers
Suppliers of tourism services, such as hotels, tour
operators, and activity providers, must be registered
businesses with a valid operating license. They
should have a history of reliable service and a
reputation for delivering exceptional experiences to
their clients.
Account Setup and Application Process
Determine Eligibility
Ensure your tourism agency or supplier business meets the specific
1
criteria for a Merchant Rates Restricted Operation Account.

Gather Required Documents

2 Collect necessary business registration, financial, and identity
verification documents.

Submit Application
3 Complete the online or paper application and
submit it along with the required documents.

The process of setting up a Merchant Rates Restricted Operation Account involves determining if your business
qualifies, gathering the necessary documentation, and then submitting a formal application. This streamlined
approach ensures your account is properly established and configured to take advantage of the specialized
features and benefits.
Managing Your Account: Deposits,
Withdrawals, and Transactions
Convenient Deposits
Easily deposit funds into your merchant rates restricted operation account through wire
transfers, ACH, or mobile banking. Enjoy fast and secure credit card processing for your
business transactions.

Streamlined Withdrawals
Access your account balance and withdraw funds when needed using online banking, ATM,
or direct bank transfers. Monitor your account activity and receive detailed statements to
stay on top of your finances.

Seamless Transactions
Process customer payments swiftly and efficiently with our integrated payment processing
solutions. Enjoy low merchant fees and real-time transaction tracking to stay informed
about your business operations.
Security and Fraud Prevention Measures

Robust Encryption Multilayered Authentication

Merchant rates restricted operation accounts These accounts require multiple verification
utilize advanced encryption protocols to steps, such as biometric scans and dynamic
safeguard sensitive financial data, protecting security codes, to authenticate users and
against unauthorized access and cybercrime. prevent fraudulent activities.

Dedicated Fraud Monitoring Regulatory Compliance

Comprehensive fraud detection systems These accounts adhere to strict regulatory
constantly monitor transactions, flagging any guidelines, ensuring compliance with anti-
suspicious activities for immediate investigation money laundering (AML) and Know Your
and resolution. Customer (KYC) requirements.
Compliance and Regulatory Requirements

Legal Compliance Reporting Standards Security Measures

Tourism agencies and suppliers
must adhere to all relevant laws
and regulations governing
merchant accounts and financial
transactions in their region.
Regular reporting on account
activities and transaction volumes
is required to maintain
compliance with anti-money
laundering and fraud prevention
protocols.
Strict data privacy and security
protocols must be followed to
protect customer information and
prevent unauthorized access to
the merchant account.
THANK YOU