Accept Credit Card Payments to Attract More Corporate Travelers to Your Midterm Rentals
Summary
AI-generatedLearn how to accept credit card payments for your midterm rentals by setting up an invoicing system. This strategy helps attract corporate travelers, essential workers, and those seeking travel rewards by offering convenience and improving cash flow management.
Key insights
To calculate the total invoice amount when passing fees to the client, add the base rental cost to the calculated credit card fee (base cost * percentage fee + fixed fee).
Mistakes to avoid
Failing to account for credit card processing fees when invoicing can lead to reduced profit margins, as the host may end up absorbing these costs.
Tools & resources
Squareplatform
Square offers invoicing services and payment processing, allowing hosts to accept credit cards and manage payments for their rental properties.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial