Hi just stumbled across these guys.
From what I gather: They take the 10% that other booking sites would keep for themselves as a deposit and returns it to the hostel network. The guest makes the reservation for their next hostel at your reception. The booking goes through Open Travel Exchange and is confirmed by the other hostel. The guest pays a 10% deposit to your reception, 2% of which is O.T.E's fee, and your hostel keeps the remaining 8% :)
Sounds great to me anyway! :)
Just wondering if anyone is using this? What is the network of hostels using this in the Balkan/SE.Europe area like?