AAHOA Welcomes New Partnership with Merchaneer
Atlanta, GA – (March 24, 2021) AAHOA, the nation’s largest hotel owners association, announced a new partnership with Merchaneer, a Discount for Cash credit card processing company based in Chattanooga, Tenn. Merchaneer joins AAHOA as a Platinum Sponsor.
“We are pleased to join with Merchaneer to bring new money-saving opportunities to our Members. Over the past year, hoteliers faced their most daunting economic challenge since the 2008 financial crisis. Platforms such as the one offered by Merchaneer can help hoteliers, especially independent hoteliers, keep credit card processing costs down,” said AAHOA President & CEO Cecil P. Staton.
“Merchaneer’s Discount for Cash Credit Card Processing Platform can reduce or eliminate the cost of between 2.5% to 3.0% by shifting the expense to the guest or customer. Like numerous other industries including the hospitality industry over the past decade, the concept is now in the fast lane toward acceptance and implementation.
“I look forward to continuing to work with AAHOA Members and the professional staff to help hoteliers save money and protect their investment,” said Merchaneer CEO Bob Ekman. “We developed this technology over a two-year period of time, and now have numerous clients. We are now excited to make the benefits of Merchaneer available to the nation’s hoteliers.”
About AAHOA
AAHOA is the largest hotel owners association in the nation. The over 19,500 AAHOA Members represent almost one in every two hotels in the United States. With billions of dollars in property assets and hundreds of thousands of employees, AAHOA members are core economic contributors in virtually every community. AAHOA is a proud defender of free enterprise and the foremost current-day example of realizing the American Dream.
About Merchaneer
Merchaneer is a private company out of Chattanooga, TN, stemming from three generations of the Feher family. Merchaneer is a pure Discount for Cash credit card processing company which offers other tech services to business owners as well. Taking over two years between 2013 and 2015 to perfect the cash discount technology, Merchaneer now has over 100 clients in numerous industries including hospitality and has been servicing this platform for close to 6 years. Website is www.merchaneer.com.