FAQ - Comparison Guide - Choosing Your Online and Physical Payment Processor

Article Summary: This comparison guide helps you evaluate the payment processors directly integrated into your Reservit ecosystem. You will discover how each solution handles payments, from virtual terminals for online bookings to physical terminals at the front desk. By understanding these functional differences, you will be able to select the most cost-effective payment gateway that best suits your property's daily operations.

The 4 Key Steps to Choosing and Configuring Your Payment Processor:

Step 1: Managing remote payments: Evaluate your needs regarding credit cards from the booking engine, OTAs, and the ability to send payment links.
Step 2: Automating payment rules: Configure automatic payments, security deposits, and virtual credit card (VCC) charges to secure your revenue without manual intervention.
Step 3: Managing on-site payments: Determine if your property requires connecting compatible physical terminals for payments, refunds, and deposits.
Step 4: Adapting payments for ancillary sales: Anticipate payment management for Reservit Activities, Restaurant, and Gift Cards based on the capabilities of each processor.

Why follow this guide? This comparison will save you valuable time by preventing you from committing to a solution that does not align with your front desk or online workflows. It allows you to optimize your financial management and secure your payment processes, thereby reducing human error and friction during customer checkout.

Reservit Accommodation	Stripe	PayFacto
Type of contract with the processor	Single: One for all payment types	Multiple: 1 contract for physical payments 1 contract for remote and online payments
Credit card management in your Reservit Accommodation virtual terminal	Stripe	PayFacto
Booking from the booking engine	🗸	🗸
Booking from an OTA without a virtual card	🗸	✘
Booking from an OTA with a virtual card*	🗸	🗸
Booking taken manually from the Reservit Manager	🗸	🗸
Booking taken manually from the mobile app	🗸	🗸
Payment Links		Stripe
Generate a payment link from the virtual terminal	🗸	✘
Automated payment rules	Stripe	PayFacto
Automated payment from the booking engine	🗸	🗸
Automated payment in 2 installments from the booking engine	🗸	🗸
Automatic collection of the security deposit (not applicable to OTA bookings)	🗸	🗸
Automatic payment collection on virtual credit cards	🗸	🗸
Ability to verify card validity without charging (pre-authorization)	🗸	🗸
Connection and use of compatible physical terminals	Stripe	PayFacto
Taking a payment from a physical terminal	✘	🗸
Issuing a refund from a physical terminal	✘	🗸
Taking a security deposit	✘	🗸
Web check-out related payments	Stripe	PayFacto
Ability for the customer to pay their invoice during web check-out	🗸	🗸

* For virtual credit cards managed with PayFacto, an automated payment rule must be set up on the virtual credit card in order to view the card.

Reservit Activities - Reservit Restaurant - Reservit Gift Cards & Boxes	Stripe	PayFacto
Type de contrat avec le processeur	Single: One for all payment types	Multiple: 1 contract for physical payments 1 contract for remote and online payments
Credit card management in your virtual terminal	Stripe	PayFacto
Booking from the booking engine	✘	✘
Payment Links	Stripe	PayFacto
Generate a payment link from the virtual terminal	🗸	✘
Automated Payment Rules	Stripe	PayFacto
Automated payment from the booking engine	🗸	🗸
Automated payment in 2 installments from the booking engine	🗸	✘
Connection and use of compatible physical terminals	Stripe	PayFacto
Taking a payment from a physical terminal	✘	🗸
Issuing a refund from a physical terminal	✘	🗸
Taking a security deposit	✘	🗸