Merchant Account for Hotels
While most credit card processing sales organizations are struggling to understand the relatively simple tasks involved in processing retail credit card transactions, Credit Card Processing Services has mastered the skills required to provide quality service to what is considered by many in the industry to be the most difficult to understand segment – Lodging.
As a hotel owner, general manager, or controller you are aware that smooth credit card processing is probably one of the most important aspects of your business – 24 hours a day. That is why we will place your account on the best networks in the United States for processing lodging transactions – Vital (TSYS/Visanet). This reliable network maintains the highest level of uptime in the industry and provides world-class customer service 24 hours a day.
We know that it is very important for you to have access to information about your guests’ transaction history so Credit Card Processing Services can set up all of our lodging merchants with MyNPCData, the most powerful real-time online reporting tool that is fully supported on a toll-free number. This is in addition to the regular easy-to-read and understands monthly statement you will receive in the mail.
Processing Equipment
If you have a small property chances are that you will require a standalone terminal. For this we recommend the Hypercom T7Plus with a lodging program. As per the rules of MasterCard and Visa your terminal will prompt for the required information for you to qualify for the lowest interchange categories including check in date, number of days stay, daily room rate, etc.
If your hotel currently has or you are planning to install a Property Management System (PMS) at the front desk, then let Credit Card Processing Services assist you in the integration of credit cards. We can integrate with almost all of the most popular systems. Your main contact, Kevin Aniess, who has personally traveled the United States installing major hotels will work closely with your front desk technical coordinator to insure a smooth initial setup or transition from your existing processor. This will include setting up your merchant account and then providing your technical contact with the completed VAR (Value Added Reseller) form for them to complete their task. We assure you that this conversion will be seamless.
Lodging Pricing
We provide you with two options on the rates that you will pay for the merchant account service – either the tiered program or interchange plus pricing.
Here is the Lodging Tiered Pricing schedule:
MasterCard, Visa & Discover – Check/Debit Card Rates | 1.69 % + 20 Cents |
MasterCard, Visa, & Discover – Qualified Credit Cards | 1.89 % + 20 Cents |
MasterCard, Visa & Discover – Mid-Qualified (Rewards Cards) | 2.34 % + 30 Cents |
MasterCard, Visa & Discover – Non-Qualified (Business Cards) | 3.34 % + 30 Cents |
American Express | Current Rate + 10 cents |
Monthly Statement Fee | $7.50 |
24/7 Toll-Free Tech Support | Included |
Application Fee | None |
Setup Fee | None |
Annual Fee | None |
Daily Batch Fee | None |
Both MasterCard and Visa have unique pricing schedules for the category of lodging. As such we have put together a special low Interchange Plus pricing option for your lodging establishment where we will price your account at our lowest rate structure of Interchange (plus dues, assessments, & access fees) + 30 basis points + 10 Cents. Both Visa and MasterCard post their current Interchange rates on their respective websites.
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