Article Summary: This tutorial explains how to integrate flexible payment options, such as two-part payments or automated security deposits, on your Reservit booking engine. You will learn how to prepare your billing rules while keeping in mind the impact of transaction fees so that our teams can configure them. Secure your direct booking revenue and offer flexibility to your customers while maximizing profitability through non-refundable rates.
The 5 key steps to setting up installment payments and security deposits:
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Define the payment policy: Determine whether you want to make split payments mandatory or leave the choice to the customer (full payment or payment in two installments) during their online booking.
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Structure the dual payment: Configure the charge amount by setting a flat fee or a specific percentage of the total stay amount.
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Establish the schedule and security deposit: Plan the balance due date (e.g., automatically "X" days before arrival) and add, if necessary, an automated security deposit on the day of arrival.
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Factor in fees and eligibility: Keep in mind that these rules only apply to direct channels (Reservit engine, phone, Google, etc.). Consider prioritizing payments for non-refundable offers to avoid paying unnecessary transaction fees in case of cancellation.
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Contact Reservit Support: Submit all these criteria to our technical team, who will take care of activating and configuring these payment rules directly in your system.
Why follow this guide? This guide allows you to plan the implementation of your payment options and effectively prepare your request to our technical support while protecting your margins. By strategically automating these financial processes, you offer attractive conditions to your guests and secure your cash flow by limiting the risk of losses tied to cancellation fees.