An important feature for any hotel or property to have is a reliable payment processing system. A hotel payment processing system allows you to receive payments in person or online, for every guest that checks in at your hotel.
Without a payment processing system, you wouldn’t be able to continue serving guests and growing your revenue. In this blog post, we’ll walk through how hotel payment processing works, and a few key reasons it’s valuable to have in your property management system.
How does a hotel payment processing system work?
A hotel payment processing system allows you to take payments directly through your property management system without the use of unnecessary third parties. A hotel payment processing system allows you to minimize steps and have a secure end to end encryption, so your guest data will not be accessible by malicious 3rd parties. By taking payment from the guest, their payment information then gets sent directly through your property management system to credit card companies and is processed as payment to your hotel.
What are the benefits of using a hotel payment processing system?
Although sticking with your current payment processing system can seem tempting, when switching to a hotel payment processing system that is part of your property management system, you’ll gain several benefits. These perks will help you save time, increase efficiency, and can save you money. Hello more revenue!
1. Reduces third parties for more transparency
When using a hotel payment processing system like innRoad payment processing, you’re able to minimize third parties. By using one vendor, you’ll gain more transparency in your payments. Reducing third parties allows you to eliminate the number of vendors required to process a credit card transaction. With innRoad’s hotel payment processing system, you can manage all your payments, chargebacks, and deposits from the innRoad Payments dashboard. You can eliminate dealing with huge credit card companies and work with a vendor who knows you and your business. Reducing third parties also gains your property:
- Lower costs
- Increased security
- Reduced vendors from 3 to 1
- Increased visibility—no more hard to read statements and one user interface for everything
2. Access to EMV technology
When switching to a hotel payment processing system like innRoad, you’ll get access to EMV technology through the use of an EMV reader. This EMV technology is defined as “a global standard for credit cards that use computer chips to authenticate (and secure) chip-card transactions.” When using EMV technology at your property, you’ll get a reduced number of chargebacks. Plus, with credit card processing available in over 50 countries, you’ll be ready to welcome guests from all over the world.
3. Enjoy competitive rates
The decision to switch to a hotel payment processing system cannot happen without taking a look at how much it will cost, and if it’ll help or hurt your hotel’s revenue for the year. Luckily, when switching to a hotel payment processing system like innRoad, you can enjoy competitive credit card rates that can actually save you money. In fact, clients who signed up have saved an average of $57 per month on processing fees!
4. Safe & secure
When choosing a payment processing option for your hotel, your guests safety needs to come first. With a hotel payment processing solution like innRoad Payments, all transactions are handled with a point-to-point encryption, ensuring guest data is not accessible by malicious 3rd parties. innRoad’s hotel payment system is also PCI DSS compliant.
- PCI DSS Compliant
- Secure SSL Encryption
- GDPR Compliant
5. Bonus features
innRoad’s hotel payment processing system is made for hotels like yours to help save money, increase efficiency, and keep your guest’s info secure. We specifically designed it with properties like yours in mind. In addition to the 4 main features we discussed, there’s a few other benefits we think you’d want to know.
- Easy transition-You can be up and running within 24 hours
- 50+ countries available for credit card processing
- We work with all major credit card processors so your guests can choose their payment method
What is the set-up process like?
Set up is an easy 4-step process:
With no downtime, an easy transition, saved fees, increased efficiency, and secure transactions, there’s nothing to not love about innRoad’s hotel payment processing system. We’d love to introduce you to innRoad payments and see if this could be a solution for your hotel.
Ready to get a hotel payment processing solution that does it all? Join the thousands of properties around the globe who choose innRoad’s software to streamline their hospitality business.
Learn more about how our hotel payment processing software can help your property by scheduling a demo with our property advisors today!