The BedBooking Reservation system allows property owners to conveniently manage reservations and offer various payment options, including online payments. One of the most popular online payment providers is Stripe. In this article, you will learn what Stripe is exactly and what benefits it brings to BedBooking users.
What is Stripe?
Stripe is a global online payment platform that allows your guests to make payments for reservations with credit cards and other popular online payment methods. It is a solution designed to provide a simple and secure online payment process, available to BedBooking users and their guests worldwide.
The most convenient payment method
One of the main advantages of Stripe in the BedBooking Reservation system is that your guests can choose the most convenient payment method for them. After selecting Stripe online payments, guests are redirected to a dedicated Stripe page where they can choose from various available payment methods. The available payment methods depend on their location and the currency in which they are making the payment.
This means that guests from different parts of the world can use payment methods that are most popular and convenient in their country. Thus, Stripe adapts to customer needs, eliminating barriers related to differences in payment methods around the world.
Automation and convenience
One of the key aspects of using Stripe in the BedBooking Reservation system is the automation of the payment process. This means that BedBooking users do not have to worry about handling payments or configuring every single payment option. Stripe takes care of this for them, providing full support for online payments.
When a guest makes a reservation and chooses Stripe online payment, the entire payment process is automated. The guest is redirected to the Stripe page, where they can comfortably select the appropriate payment method. After making the payment, the funds are automatically transferred to the Stripe account of the property owner.
It is worth noting that Stripe, like any online payment platform, charges fees for processing transactions. The fees charged by Stripe vary depending on the payment method chosen by the customer. However, it is important to emphasise that Stripe offers a transparent fee structure and is known for its fair approach to service fees. Fees are usually calculated as a percentage of the transaction value or as a flat fee plus a percentage.
Please note that BedBooking does not charge any commissions for reservations.
Stripe is a reliable online payment platform that simplifies the management of payments for reservations in the BedBooking Reservation system. With the ability to choose different payment methods and automate the payment process, Stripe ensures convenience for both guests and property owners. This solution helps streamline the reservation and payment process, which is crucial for success in the hospitality and short term rental industry.
Enabling Stripe online payments in the BedBooking Reservation system is easy and is described in detail in the article "How to enable Stripe online payments in the BedBooking Reservation system?".