Why do yacht charters usually require bank transfer instead of card payment?

Chris de Kock
Yacht charter broker, DMA Yachting

Because bank transfer is the standard for large-value yacht charters.

Credit cards, PayPal, Zelle, and similar apps create chargeback and fraud risk in a market where bookings are high-value and dates are held far in advance. So in professional yacht charter, wire transfer is usually the normal and safest payment method for everyone involved.

If you want a better feel for how the booking process works overall, you can read more about us.