How we’re working with Stripe to power hotel payment processing for property owners…
In the dynamic realm of hospitality, securing direct bookings stands as a cornerstone for success, especially for Inn Style and its valued customers. As travellers increasingly seek convenience and reliability in their booking experiences, the importance of robust payment gateways cannot be overstated. You can see from our IBE page how important the hotel payment processing gateways are to a smooth booking journey https://innstyle.co.uk/integrated-booking-engine/.
Following the release of Stripe’s recognition piece focusing on Inn Style as the perfect partner solution for all accommodation types as a hotel payment processing powerhouse, we delve into the pivotal role that payment gateways play in fostering seamless direct bookings specifically tailored for Inn Style’s clientele.
Moreover, we shed light on why Stripe emerges as the preferred supplier in this crucial aspect of hotel payment processing. From enhancing user experience to fortifying security measures, we uncover the myriad of reasons behind Stripe’s prominence and how it elevates the booking journey for both Inn Style, its customers and the all-important guests. Join us as we explore the significance of payment gateways in Inn Style’s quest for optimised hotel payment processing for Inn Style.
We’ll tell you a little bit about Stripe and why they’ve built a reputation to be seen as the ideal solution for hotel payment processing and breakdown their partner recognition piece on Inn Style with our perspectives. Check out what they had to say here: https://stripe.com/gb/customers/inn-style
Unlocking Success: The Power of Stripe in Hotel Payment Processing
As guests increasingly demand convenience and reliability in their booking experiences, the choice of a robust payment processor becomes paramount. Among the myriad options available, Stripe emerges as a standout choice, offering a host of benefits tailored to the needs of accommodations. But what makes Stripe so impressive?
1. Enhanced Security Measures for Peace of Mind
Security is paramount when handling sensitive payment information. Stripe prioritises security and compliance, adhering to industry-leading standards and offering advanced security features such as tokenisation and secure data encryption. With built-in fraud prevention tools and robust security protocols, accommodations and their guests can trust that their payment data is safe and secure.
2. Transparent Pricing Structure for Predictable Costs
Predicting and managing payment processing costs is essential for accommodations seeking to optimise their financial performance. Stripe’s transparent pricing structure eliminates surprises, with no setup fees or monthly minimums. Accommodation owners pay only for successful transactions, with pricing based on a simple, percentage-based fee per transaction. This transparency enables accommodations to forecast their expenses accurately and allocate resources more effectively.
3. Advanced Reporting and Analytics for Informed Decision-Making
Understanding customer behaviour and revenue trends is crucial for driving business growth. Stripe provides robust reporting and analytics tools that offer valuable insights into transaction data, customer preferences, and revenue performance. Armed with this actionable data, accommodations can make informed decisions, optimise their payment strategies, and identify opportunities for growth and improvement.
The Stripe Partner Recognition Piece and What We Have to Say at Inn Style
With Stripe putting the spotlight on Inn Style’s prominence in their hotel payment processing market, we wanted to take a look at some of their key points and let you know what they mean to Inn Style and our valued customers.
More than 800 properties onboarded across the globe…
“Inn Style’s onboarding process is now completely self-serve and takes only a few minutes. This process dramatically reduces the time and effort required by internal teams for onboarding and customer support.”
Stripe have succinctly outlined the daily value our partnership with them brings in this short sentence. We pride ourselves on our outstanding customer service, seeing it as the cornerstone of our business and the primary support to the amazing product suite that Inn Style has and supports. Stripe’s hotel payment processing provides us with everyday logistical ease increasing our efficiency in helping our customers effectively.
57% faster payouts to accommodation owners
“Stripe’s Instant Payout functionality was an important competitive differentiator for Inn Style, as payment speed is a key factor for accommodation owners. Initially, Inn Style offered weekly payouts, but now it offers three-day payouts without additional charges, and some customers even receive daily payouts.”
Again, what more do we need to say? Inn Style has been continuously improved over the years specifically to meet the demands of the market but most importantly our customers. It’s no different when we look at hotel payment processing, what we love about Stripe is that through their partnership we no longer have to shoulder the burden alone.
Over £200 million in payments processed through Stripe since 2011
“In 2023, Inn Style processed 341,000 bookings, and by the end of that year its payments volume with Stripe had reached over £200 million. The company now operates in 27 countries, and it achieved an almost perfect score in payments reliability, with very low error and chargeback rates.”
Well, we think that looks pretty impressive and is a real indicator that our focus on direct bookings is paying off for our customers. BUT we want to leave you with this little nugget of information which really shows the value of Inn Style to partnership… As of April 1st 2024 we have processed £210m through Stripe – the kicker though is that since April 1st 2022, we have processed over £80m which means in the past two years, we have accounted nearly 40% of value processed. If that doesn’t scream a PMS moving forward at a rapid rate, we don’t know what does.
