Sage Pay has rebranded. From July 13th, 2020, Sage Pay will be known as Opayo by Elavon. Sage Pay rebranding occurred because it has been acquired by Elavon, a big name in payments and subsidiary of US Bank.
Why Do I Need a Payment Processor For My Vacation Rental?
You might have started your vacation rental business by listing your properties on OTAs such as Airbnb, Booking.com and Expedia. Gradually, you might have also noticed the considerable amounts you pay in the form of commissions to OTAs.
Despite its obstacles, direct booking is a substitute for conventional ways of getting reservations through property listing sites and OTAs. Knowing that 15%-30% of short term rental owners’ net profit is paid to OTAs as commissions are enough to encourage aiming for direct bookings. One of the main challenges you need to deal with is collecting payments while getting a booking through your website.
In order to know How to Collect Payments for Direct Bookings, check this blog post written by Zeevou where we discuss this in great detail. Curious about automating security deposits? Check out How to Automate Security Deposits for Direct Bookings.
Why Opayo by Elavon?
By integrating your direct booking website with Opayo you can have services such as online payments, telephone payments, as well as 24/7 support. Here are a few of the benefits of the Opayo integration with Zeevou:
- 3D Secure Links
- Automated Security Deposit Pre-authorisations
- Process Security Deposits in Zeevou
- Process Refunds in Zeevou
To find out more about Zeevou, book a free demo with one of our professional and friendly Partner Engagement Managers.