Accepting credit card payments is not only for the big hotel chains, which have merchant accounts with the four major banks. These hotels can afford such an arrangement which comes with high monthly costs, an owner-managed guest house/B&B surely cannot afford or justify that expense.
Tourists don’t carry large sums of cash with them when travelling, therefore offering your guests a credit card payment option, ensures you don’t lose potential business as a result. Setcom offers a solution to all small tourism operators to accept credit card payments without signing a long term contract with monthly fees.
As a B&B owner, you simply sign-up with Setcom to create an account. Setcom charges you a 4.9% + R2.50 for every credit card transaction that you process through them. This means if a month goes by without getting any credit card payment bookings, then you don’t owe Setcom any cent.
Setcom only works directly with owner-managers and not brokers/agents, therefore to be approved you have to own that B&B or guest house.
You can select from two available options, you can use your cellphone to process payments or the internet through their website.
I’ve been using Setcom for over three years to process all credit card payments on my freight exchange portal www.bid2load.com where users pay their monthly subscription.
The beauty about the service is that you’re able to withdraw funds into your bank account anytime (though funds take a week to reflect on your bank account).
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Blogger Muzi Mohale
I’m Muzi Mohale, based in Roodepoort (South Africa). Blogger with www.travelwires.com. Love Travelwires.com since I get to travel our beautiful country through blogging and get first hand tourism experience.
