Facilitating secure and efficient payment transactions for short-term rentals, including collecting payments from guests, processing security deposits, and disbursing payouts to hosts.
Menu
Glossary Term: Transaction Fees
5 posts
The system used to securely handle financial transactions between guests and hosts, typically facilitated by online platforms.
A fee charged by payment processors for each transaction made using a credit card. This fee is typically a percentage of the transaction amount plus a fixed fee per transaction.
Payments made for short-term rental bookings where the guest’s bank and the host’s bank are located in different countries, often involving currency exchange and international transaction fees.