Bottom line is very important to hostel managers, and the choice of credit card processing for a hostel can have significant impact on profit margins. We have seen little discussion on this important topic, and thought it would be useful to open up this thread.
In some locations, hostels and backpackers have little or no access to credit card acceptance. Yet credit cards have become a critical convenience for travelers in every part of the world.
In other locations, hostels have a multitude of choices, but really none from the booking engines they work with and integrate with.
HostelTraveler.com (Instant World Booking) has just released IWB Payments a new payments system which is accessibe to all hostels, regardless of location. IWB Payments is unlike any offering from other hostel booking engines or online service providers in that it enables hostels and backpackers to collect charges from customer credit cards on the fly. What’s newsworthy is that you need no merchant account, no payment gateway, and no credit card processors. IWB Payments handles everything. Hostels can charge their guests using IWB Payments and not have to worry about the administrative headaches or costs of maintaining their own credit card merchant account.
A unique feature is that hostels may collect deposits or balances for rooms, meals, activities, etc. And, they can collect even if customers made their reservation through other sources, like HostelWorld or HostelBookers. Even collection for cancellations or no-shows is possible. Like other HostelTraveler.com services, there is no cost to sign-up or set-up, and the service can save a lot on credit card processing, while greatly increasing convenience for you and your guests.
To read more about what's unique about IWB Payments, see:
Payments Systems for Hostels at HostelTraveler.com
Please comment and add your thoughts about IWB Payments, and credit card processing in general. Post your replies on this thread, or see our blog page at:
Payments System Blog at HostelTraveler.com
15 years
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