Updated over 7 years ago on . Most recent reply
Taking credit cards for STR
Hello all! I was wondering if any of you have experience using a credit card processor for a short term rental business? I recently acquired a property and have friends that want to book, but really want to pay by credit card. I have looked at Square and Bank offered merchant services and they all seem to be cost prohibitive, as I do not intent to run more than 10 transactions in a year.
The only one that looks halfway decent is PayPal but I am still taking a 2.9% fee per transaction.
Any advice would be greatly appreciated. Thanks!
Most Popular Reply
#4 All Forums Contributor
- Investor
- Greer, SC
@Jason Blasenak I think you will pay the 2.9% almost anywhere. Ask them to pay via debit card and use Paypal or tell them you will have to add 3% to the fee to pay for the credit card fee.