As you’re well aware, there are impending changes to regulations regarding card processing and card handling that are due to come into effect from March 14th 2022, namely PSD2 and SCA.
These are significant changes and will directly impact the way you collect funds from your guests in the future, as SCA brings significant security improvements to the way you facilitate payments and the way card data is handled/stored.
Like many in our industry, you may well have already had payments declined by some issuing banks who are already demanding additional layers of security before authorisation will be granted.
Whilst this may be frustrating at times, the desired effect is that your future transactions will be frictionless, more secure and legally compliant.
As your service provider, we have worked diligently in preparation for this deadline, to ensure your payment facilities remain compliant. Simply put, Inn Style has done all the heavy lifting to ensure you’re fully SCA compliant.
Inn Style has numerous different payment options and different methods of supporting these transactions, some of which are simply no longer commercially viable. With this in mind, we have decided to simplify and streamline this across all our subscriptions.
There are a few important updates to our pricing that you need to be aware of. Please select your payment gateway below for more information on the changes to our monthly fees for Stripe and Inn Charge payment gateways.
From the 1st April 2022, we will be making the following changes:
These new fees will standardise processing costs amongst our entire subscription base. It also enables us to continue to maintain multiple payment gateways, giving wider choice and allowing for the continued maintenance, development and enhancement of these payment gateways to ensure frictionless transactions and greater security for all.
These changes will only affect customers processing payments through their Inn Style accounts. Those who do not take deposits or who do not process payments will be unaffected.
We have useful guides within the help section on SCA, Payment Gateways, PSD2 and card security, that can be found here:
SCA Help Guide SCA FAQs Creating Payment Requests