BOOKING & PAYMENT - Pre-authorize a credit card for damage deposit - fully automated

LodgifyJun 3, 20201m 1s873 viewsScore 75
Hosting Operations
intermediate
damage deposit
pre-authorization
payment gateway
automation
rental policies
M

Summary

AI-generated

This video explains how to automate credit card pre-authorizations for damage deposits in your short-term rental business. It guides hosts through setting up policies, defining deposit amounts, and configuring their payment gateway for seamless pre-authorization.

Key insights

  • Automating credit card pre-authorizations for damage deposits can significantly improve host productivity and help boost a vacation rental business.

Mistakes to avoid

  • Failing to activate the automatic pre-authorization option in the credit card gateway settings will prevent the damage deposit from being automatically secured.

Tools & resources

  • Lodgify PMSplatform

    Lodgify offers Property Management System (PMS) features that can help automate credit card pre-authorizations for damage deposits.

Frequently Asked Questions

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial