{"id":4718,"date":"2017-12-05T13:09:19","date_gmt":"2017-12-05T13:09:19","guid":{"rendered":"https:\/\/www.schofields.ltd.uk\/blog\/?p=4718"},"modified":"2025-08-21T15:13:22","modified_gmt":"2025-08-21T15:13:22","slug":"payment-solutions","status":"publish","type":"post","link":"https:\/\/www.schofields.ltd.uk\/blog\/4718\/payment-solutions\/","title":{"rendered":"Simple Online Payment Solutions For Holiday Lets"},"content":{"rendered":"Reading Time: <\/span> 6<\/span> minutes<\/span><\/span>

\"\"<\/p>\n

Paying online is now the preferred method for travellers looking to book your holiday home. It\u2019s a quick and simple process that allows travellers to securely reserve their holiday dates. You can also boost your occupancy rate by making the booking process easy for guests.<\/p>\n

Still unsure? Here\u2019s why you need to accept online payments.<\/strong><\/p>\n

Online Paymen<\/span>ts are Easier<\/strong><\/span><\/h3>\n

It\u2019s a quick and easy way for guests to pay for their booking. A simple click on a book now button or online invoice allows them to type in their credit card details and pay. No more writing cheques, going to the bank to arrange payment or sending a bank transfer and wondering if it\u2019s going to the right account.<\/p>\n

As an owner you get paid quicker, you no longer have to wait days for a bank transfer to clear, a cheque to arrive by post, or worry about bounced cheques. \u00a0It\u2019s also easy to issue a refund if a guest did decide to cancel.<\/p>\n

They\u2019re More Secure<\/span>
\n<\/strong><\/h3>\n

Compared to bank transfers, credit card payments are one of the safest payment methods.<\/p>\n

In the last few years, travel booking scams have risen by 425%, with holidaymakers being tricked into transferring large sums of money to \u201cbogus owners.\u201d Allowing guests to pay by credit card means that the money is protected because of the\u00a0section 75 protection in place. A huge reassurance,\u00a0given the travel scam\u00a0horror stories<\/a>.<\/p>\n

They Give you Credibility & a Competitive Advantage<\/strong><\/span><\/h3>\n

Consumers are used to shopping online and don\u2019t like jumping through hoops. When choosing between two similar properties, one which requires payment by cheque\/bank transfer, and one which offers instant online secure payment \u2013 which one do you think they will choose?<\/p>\n

Taking payments online ultimately gives you a competitive advantage and proves to your customers that they can trust you.<\/p>\n

They are Easy to Set Up<\/strong><\/span><\/h3>\n

Most solutions don\u2019t require any technical knowledge to set up or use, so there\u2019s no excuse!<\/p>\n

How to Get Started<\/strong><\/span><\/h2>\n

So, how do you get started? We\u2019ve compiled this list of the top solutions that enable holiday rental owners to accept online payments.<\/p>\n

PayPal<\/span><\/strong><\/h3>\n

PayPal<\/a> is established, and it\u2019s trusted, which is why many rental owners opt for it. Yes, it has flaws but it\u2019s also a method that\u00a0travellers know and are comfortable using.<\/p>\n

The website is known for its high transaction fees, that is around 2.1% – 3%. The fee does vary depending on monthly transactions, which can be calculated on the PayPal website. Either way, it is a high charge for holiday\u00a0cottage owners to absorb compared to other solutions.<\/p>\n

What some\u00a0owners do is take the deposit via PayPal and collect the rest of the money upon arrival. This is an ideal option for\u00a0those who do a guest meet and greet.<\/p>\n

WorldPay<\/span><\/strong><\/h3>\n

Worldpay<\/a> is a secure online payment site that also works like a PayPal transaction. When a payment is due an email is sent out with a link to a safe payment process. This is known as a \u201cPay by Link\u201d system.<\/p>\n

Third parties (owners) don\u2019t have direct access to card details which could be a selling point for holidaymakers. Transaction costs are also low with a charge of 1.2% on credit cards and 2% for none UK and business cards.<\/p>\n

In order for this to work,\u00a0rental owners would need to create an account. From there,\u00a0you\u00a0enter a guest\u2019s name, the amount owed and their email address. Worldpay would then send an email with a link for guests to pay. Guests enter their card details, name and address. All information is secured by Worldpay with both parties knowing the payment is legit and their details are safe.<\/p>\n

Following a payment, an email is sent to the owner for confirmation. The money then appears in your bank account within three working days.<\/p>\n

Worldpay is free for the first 12 months, after that a \u00a37.50 monthly fee is required as well as a \u00a31.50 flat fee for debit cards. Although the site charges users, the low transaction cost and\u00a0security is a huge selling point.<\/p>\n

Wave<\/span><\/strong><\/h3>\n

Wave<\/a>\u00a0enables guests to pay on their desktop, mobile, over the phone or in person. You simply email guests an invoice which allows them to pay by Credit or Debit card. They claim that once the invoice has been paid the money will be in your account within 7 days.<\/p>\n

There\u2019s no set-up or monthly fee but there is a charge of 1.4% + 20p per transaction for European issued cards and 2.9% + 20p for non-European cards. It’s a popular option with holiday let owners.<\/p>\n

VacayPay<\/span><\/strong><\/h3>\n

VacayPay\u00a0payments can be taken over the phone using their virtual terminal. Alternatively, it can be integrated into your existing website or you could have their partner company, Rentivo, design a\u00a0holiday\u00a0rental website which incorporates VacayPay.<\/p>\n

The system accepts payments in GBP, USD, CAD and Euro. The only downside is the time it takes for money to be transferred which is usually within 4-7 working days.<\/p>\n

For VacayPay to work, owners have to create an account to\u00a0take\u00a0payments.\u00a0 Guests\u00a0simply enter their card details. An attractive process as\u00a0guests won\u2019t have to spend valuable time creating an account they may never use again.<\/p>\n

What makes VacayPay so desirable is that it has specifically been designed for holiday rental owners. Together with\u00a0Rentivo, the owner could have payments and website easily taken care of. There is a cost, but if you have a lot of customers or want to further expand your business it may be a worthwhile investment.<\/p>\n

TransferWise<\/span><\/strong><\/h3>\n

TransferWise<\/a> – want to accept payments from overseas guests? Then this could be a solution for you. This website enables users to carry out secure FX transfers without any hidden costs. The site claims that it is up to eight times cheaper than banks. Alongside this, each transfer is tracked and can be accessed through the App.<\/p>\n

Guests\u00a0can open an account via email, Facebook or Google account, then send payment to your bank account. The fact that senders have to open an account could put them off, as it\u2019s easier for them if they can simply pay online without jumping through hoops.<\/p>\n

Senders are charged a fee e.g. to convert Euros to Sterling the fee is 0.5% of the amount that’s converted.<\/p>\n

Square<\/span><\/strong><\/h3>\n

Square<\/a> is ideal if you want payments quick, with funds deposited into your bank account as fast as the next business day. Owners can generate an invoice which guests can pay online, use a virtual terminal to process card payments manually or you can use their e-commerce API to take payments on your own website.<\/p>\n

However, there is the drawback of a high transaction fee of 2.5%. This is a costly fee but a potential sacrifice for those wanting their money fast.<\/p>\n

Square also has another feature that may be more suited to those who want to take onsite payments. For \u00a339 you can purchase a card reader which charges 1.75% for transactions. It works with chip & pin, contactless\u00a0or with a phone app.<\/p>\n

Plus, it\u2019s pocket-sized and has a long-lasting battery. All payments, invoices and receipts are available in the App which can be emailed directly to guests.<\/p>\n

Use a Booking System<\/strong><\/span><\/h3>\n

An alternative is to use an online booking system that has payment processing built in. By enabling online booking you can automate bookings, payments and documentation. It also cuts out time-consuming tasks, such as confirming if dates are available, the price etc.<\/p>\n

To Summarise<\/strong><\/span><\/h2>\n

Before choosing a payment solution for your holiday rental it\u2019s important to evaluate which system would make life easier for you and your guests.<\/p>\n

You\u2019ll want to consider:<\/p>\n

    \n
  • How quickly will money clear in your account?<\/li>\n
  • How much will you be charged per transaction and\/or subscription fees as these will impact on your profit? However, such charges are nominal in comparison to the benefits.<\/li>\n
  • Also,\u00a0ensure you include all fees in the headline price. Guests like to see an all-inclusive price, and make a point of advertising that there are \u201cno card fees\u201d. Paying securely at no extra charge is an enticing offer.<\/li>\n
  • Do guests have to create an account to make a payment? Setting up an account for many is an inconvenience and in some cases, can cause holidaymakers to book elsewhere.<\/li>\n
  • Do you need the option to process phone payments? Although I expect most guests would prefer to pay via an online system.<\/li>\n
  • Do you have the technical skills to add the payment platform to your website? Or will you have the added expense of paying a developer to do it?<\/li>\n
  • If anything was to go wrong, and it will, you want to know you will receive the support you need to ensure payments are received.<\/li>\n<\/ul>\n

    All in all, there is a multitude of websites that will enable you to take credit card payments. It simply comes down to which one fits your needs and works best for you and your guests.<\/p>\n

    What do you\u00a0use? Please add your tips in the comments.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

    Reading Time: <\/span> 6<\/span> minutes<\/span><\/span> Paying online is now the preferred method for travellers looking to book your holiday home. It\u2019s a quick and simple process that allows travellers to securely reserve their holiday dates. You can also boost your occupancy rate by making the booking process easy for guests. Still unsure? Here\u2019s why you need to accept online payments. Online Payments are Easier It\u2019s …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-4718","post","type-post","status-publish","format-standard","hentry","category-holiday-home-marketing"],"acf":[],"yoast_head":"\r\nHow Holiday Let Businesses Can Take Online Payments<\/title>\r\n<meta name=\"description\" content=\"Paying online is now the preferred method for travellers. 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