Bookings Increase with Technology Adoption, According to New White Paper

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Accepting online payments is now a "must have" to stay competitive in today's vacation rental market. Benefits include increased sales, higher average transactions and customer loyalty.

VacationRentPayment, the largest electronic payment processor in the vacation rental industry, announced the release of a new white paper detailing the benefits of accepting online payments.

Over the past two decades, technology has created new opportunities to increase bookings and lower administrative time spent on processing and handling paper checks. The ability to accept deposits and rental fees online has revolutionized an industry that has been heavily reliant on out-of-date booking methods. It is no longer an option to accept online payments, it is now a "must-have" to stay competitive in today’s vacation rental market.

"Giving travelers the ability to secure their rental without picking up the phone is a tremendous convenience," said Matt Golis, CEO of VacationRentPayment, "and for the property owners, the positive effect on cash flow is dramatic."

The new white paper by VacationRentPayment provides valuable insights into the profile of the next generation vacationer and their pervasive use of technology. Also included are facts and statistics about consumer credit card spending habits. In addition, the white paper outlines eight important benefits of online payment acceptance including: increased sales, higher average transactions, increased cash flow, enhanced advertising, steadier sales, customer loyalty, competitive advantages, and increasing impulse buying.

The white paper is free to access and distribute – it is available online by visiting this link:
Whitepaper: http://www.VacationRentPayment.com/whitepapers/IncreaseBookings.pdf

VacationRentPayment will also be exhibiting at the upcoming Vacation Rental Management Association (VRMA) events in Myrtle Beach, NC on April 20th - 21st and in Reno, NV on May 5th – 6th. If you are attending either of these events, please stop by our booth to get more information and speak with a knowledgeable payment expert.

About VacationRentPayment

VacationRentPayment is the largest electronic payment processor in the vacation rental industry, serving hundreds of vacation rental management companies across the United States. VacationRentPayment provides best-of-breed credit, debit and ACH processing services while maintaining the highest levels of data security as a PCI Compliant and SAS-70 Type II certified platform. Founded in 1999, San Francisco based VacationRentPayment processes billions of dollars in annual transaction volume and currently operates five offices in the United States.

For more info please contact PR(at)VacationRentPayment(dot)com or call 866-289-5977 x293.

RentPayment
505 Sansome Street, 8th Floor
San Francisco, CA 94111

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Anand Chopra

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