The way of processing the payments for your bookings varies for every channel. So, let's go through the most important vacation rental channels and overview the payment processing practice for each one of them.
Airbnb - The guest pays directly to Airbnb and then they release your payout 24 hours after your guest's scheduled check-in time. After the payout has been done, it takes some additional time to receive your money, depending on your payout method.
Booking.com - With Booking.com, you can choose between two payment processing options:
All payments managed by Booking.com - All guest payments will be facilitated by Booking.com. and you'll receive your payouts via bank transfer no later than the 15th of the month after the guest has checkout.
Self-payment processing - Booking.com will facilitate the payments and send you your payout by virtual credit card that you'll have to charge yourself as you would usually do.
Please note that these Booking.com payment processing methods are NOT available everywhere yet.
A virtual credit card is a digital MasterCard that allows online payments. For each one of your bookings, you'll receive a new card that you can charge as you would otherwise.
For more information about Booking.com payment processing methods read this article.
HomeAway / VRBO - Similar to Booking.com with the difference that when your HomeAway account is connected to PMS, the only available option is to facilitate the payments yourself by charging credit cards via a payment processor.
<aside> 💡 Expedia - You have the option to choose whether your guests will be able to pay you online at the time of booking, directly at your property, or both. Depending on the payment option, you will either need to request your payout from Expedia, or they will request their commission from you.
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As a professional vacation rental property manager, you'd love your PMS to have an industry-leading payment processing integration.
Our powerful payment processing system lets you collect accommodation charges, security deposits, and all types of additional reservation fees, automatically. We have seamless integration with Stripe.