Simplify Your Vacation Rental Payment Processing

October 7, 2020

Technology has transformed the vacation rental industry and as the industry continues to grow at an unprecedented rate, despite COVID-19, new technological resources and solutions are constantly available to ease your workload, streamline your day-to-day operations, drive growth and ultimately optimize the guest experience. There are a variety of payment processing companies that specifically serve the vacation rental industry to streamline the reservation and payment process.

The majority of short-term rental bookings are made online and, in an era where instant gratification is the norm, it’s imperative that vacation rental managers invest in an online booking and payment process that makes life easy for both the manager and guest. A PMS with an innovative payment solution that allows payments to be processed safely and effectively encourages your guests to #BOOKDIRECT, increases your chance of conversion, and boosts profitability.

Payment processing can be one of the most complex challenges that VRM’s face, but it doesn’t need to be! Check out these payment processors that serve the vacation rental industry.

Ascent

Ascent has been at the forefront of the vacation rental industry for over 20 years. Ascent is a payment processing service that is compatible with various top vacation rental PMS software providers. They offer an innovative payment solution that streamlines payment collection and payment distribution for vacation rental managers. They also provide an enhanced security payment system and service platform. Ascent recently united with Avantio, a comprehensive vacation rental software, and a one-click channel manager. Ascent is also partnered with several top PMS systems such as Barefoot, Brightside, CiiRUS, and Streamline.

VacationRentPayment

With more than 17 years of experience serving the vacation rental industry, VacationRentPayment, a service of Yapstone, services more than 400,000 vacation rental properties across the United States. They offer a sophisticated payment experience that streamlines monthly statements, multiple payment options, and payment security for guests. Several PMS companies like RNS, Streamline, and Track, are partnered with them.

Guesty

Guesty is a property management platform for vacation rentals, offering operational needs for vacation rental managers and payment processing. Through the easy to use interface, Guesty allows you to accrue charges and other fees under a guest’s reservation. Guesty also offers an auto-payment feature so you can charge your guests automatically according to your settings. This unique application helps vacation rental managers track transactions and send receipts to guests at the snap of a finger.

KigoPay

KigoPay is a proprietary payment processor that ensures secure payments and real-time guest screening. KigoPay gives vacation rental managers the ability to accept multiple forms of currency and all major debit and credit cards securely and without the hassle. Manage all of your bookings from one dashboard and streamline all financial data all in one program.

Streamline your booking workflow by choosing a versatile payment processing platform that integrates with your PMS system. Boost your booking rates and profitability by implementing a book direct feature, most guests in this day in age want to book instantly online. Booking direct makes your life easier, and makes your guests feel confident when they have an instant and secure way to book a vacation rental. When your guests feel like it’s easy to book with you, they will be sure to come back the next time!

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