Comparison of the best Hotel Payment Platforms
An online Payment Platform is a system connected with your website booking engine and ideally your PMS, allowing you to automatically and securely process payments. With a reliable Payment Platform, there is no need to deal with credit and debit cards. Simply connect the existing technologies and services at your property with a payment processor and get paid instantly when your guests book.
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We Can HelpCloudbeds is the leading platform redefining the concept of PMS for the hospitality industry, serving tens of thousands of properties in more than 150 countries worldwide.
Built from the ground up to be masterfully unified and scalable, the award-winning Cloudbeds Platform brings together built-in and integrated solutions that modernize hotel operations, distribution, guest experience, and data & analytics.
Founded in 2012, Cloudbeds has been named a top PMS, Hotel Management System and Channel Manager (2021-2024) by Hotel Tech Report, World's Best Hotel PMS Solutions Provider (2022) by World Travel Awards, and recognized in Deloitte's Technology Fast 500 in 2023.
SabeeApp is an all-in-one cloud hotel management software tailored for independent hotels and other small accommodation like vacation rentals and B&B's. It offers 4 main core modules:
- a PMS
- a Channel Manager
- an Internet Booking engine
- a Payment Gateway
All core parts are seamlessly integrated together so data is synchronized and connected at all times.
Stripe is a comprehensive online payment processing platform designed to help businesses manage transactions smoothly and securely.
Stripe's primary product offerings include payment processing for online and in-person transactions, as well as a variety of tools for managing revenue, invoicing, and financial operations. The platform supports numerous payment methods, including credit and debit cards, PayPal, Apple Pay, and Google Pay, allowing businesses to accept payments globally. Stripe offers a range of customizable checkout options, ensuring that businesses can tailor the payment experience to their specific needs.
For businesses requiring physical payment solutions, Stripe Terminal offers pre-certified card readers and support for contactless payments through mobile devices. Stripe's Connect feature is particularly beneficial for platforms and marketplaces, enabling them to manage payments, automate tax collection, and handle subscriptions with ease.
Planet offers an integrated suite of software and payment solutions designed to enhance operational efficiency and guest experiences in the hospitality industry.
Planet's Property Management System (PMS), formerly known as Protel and Hoist Group, is tailored specifically for hoteliers to streamline operations. The cloud-based PMS allows hotels, spas, resorts, and multi-property groups to manage everything from check-ins and check-outs to billing and invoicing. This integrated system ensures seamless communication across departments, freeing up hospitality staff to focus on providing excellent guest service.
Planet also provides an advanced Hotel Booking Engine, aiding hoteliers in maintaining a competitive edge by offering potential guests an easy, efficient booking journey. Their booking engine is designed to convert website visitors into confirmed guests, thereby maximizing occupancy and revenue.
The Interactive TV solution by Planet delivers a modern entertainment experience for hotel guests. It includes free and paid live channels, video on demand, music streaming, and various apps, ensuring a comprehensive in-room entertainment package.
Planet's Network and Connectivity solutions offer state-of-the-art technology, providing high-speed internet, TV services, and in-room entertainment options that enhance guest satisfaction. Their robust networking capabilities also open revenue-generating opportunities for hoteliers through premium services.
Additionally, Planet's Dashboard tool provides critical data-driven insights, helping hoteliers visualize data to improve guest satisfaction, grow revenue, and better manage their brand. The dashboard aids in monitoring key performance indicators and making informed decisions that drive business success.
Planet supports a range of guest payment options with their End-to-End Payment solutions, which include Dynamic Currency Conversion (DCC) and Multi-Currency Pricing. These features allow guests to pay in their preferred currency and method, enhancing their payment experience while enabling hoteliers to capture additional revenue.
Authorize.net is a payment gateway service that allows merchants to accept online payments through their website or mobile app. The service provides a secure and reliable platform for processing credit card and electronic check transactions.
Authorize.net offers a variety of features and tools to help businesses manage their payments and reduce the risk of fraud. These include advanced fraud detection and prevention tools, recurring billing options, a virtual terminal for manual payments, and a suite of reporting and analytics tools.
Why Do You Need a Payment Platform for your Hotel?
Your website is your most powerful sales channel. With a Payment Platform, you can automate processing of reservations charges and deposits by integrating a payment gateway directly into your Booking Engine. Additionally, you can set the system to charge a percentage of the total booking amount or a flat fee.
With a payment gateway integrated into your Property Management System, you don't need to manually process Credit or Debit Card transactions on your physical terminal. Moreover, you can be fully PCI-compliant and remove risks related to Credit Card data handling by using a fully-secured integrated payment solution.
How to Get Started with a Hotel Payment Platform?
A Payment Platform gives you an easy way to process credit or debit card payments directly on your Booking Engine and from inside your Property Management System. However, while choosing something to handle your guests' credit and debit cards, financial information, and confidential information, you need to be sure of choosing a good system. Therefore, it is important to consider multiple factors to make an informed choice.
Read more about: Payment Processing Software
The Future of Payment Technology for the Hospitality Industry8 Signs You Need a Hotel Payment Processor & How to Choose One
Hotel Online Payment: Everything You Need to Know
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Firstly, we assess
We evaluate objective(s), defining opportunities and setting goals.
Then, we plan
We make a plan detailing what should be done to help reach set goals.
Finally, we make it happen
We implement change, as planned, within set timeline and budget.
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