We are thrilled to announce an exciting update to Hotel Link’s payment system! Starting today,...
Streamline Your Cash Flow with Hotel Link Pay: Faster Payments from OTAs
Struggling with slow OTA payments that hinder your cash flow? Traditional methods like bank transfers and virtual cards can take weeks to process, making it difficult to manage your hotel's finances effectively. But there's a better way! Hotel Link Pay, powered by Kovena, offers a faster and more efficient payment solution.
Ever wonder how long it takes to get paid after a guest books through an OTA (Online Travel Agency)?
The answer can be a cash flow nightmare for many hotels. Traditional payment methods like bank transfers can leave you waiting anywhere from 15 to 45 days after a guest checks out. This delay can significantly impact your ability to invest in your hotel or cover operational costs, especially for high-value bookings.
Virtual cards, which are essentially online checks with limited information and a specific amount, add another layer of complexity. They require a compatible point-of-sale (POS) machine to process, which some hotels might not have readily available. This can further delay access to your hard-earned revenue.
But here's the good news!
Hotel Link Pay, powered by Kovena, offers a faster and more efficient solution to streamline your cash flow. This powerful tool seamlessly integrates with the Hotel Link system, allowing you to:
- Receive payments within 7 days: No more waiting weeks for your money! Hotel Link Pay expedites the process, ensuring a faster influx of cash to support your business needs.
- Effortlessly process virtual cards: Say goodbye to compatibility issues. Hotel Link Pay enables you to charge virtual cards seamlessly, regardless of your existing POS system.
- Gain clear visibility into your cash flow: Detailed booking records and a robust reporting system provide your accounting and sales teams with a clear picture of your financial situation. They can easily track incoming funds and reconcile accounts with greater efficiency.
By implementing Hotel Link Pay, you can unlock a multitude of benefits:
- Improved cash flow management: Faster access to funds allows you to reinvest in your hotel, make timely payments to suppliers, and maintain a healthy financial position. This financial flexibility empowers you to make strategic decisions for your business growth.
- Enhanced operational efficiency: Eliminate the hassle of chasing payments and free up valuable staff time. Hotel Link Pay streamlines your financial processes, allowing your team to focus on what matters most – delivering exceptional guest experiences.
- Boosted guest satisfaction: A smooth and frictionless payment experience contributes to a more positive overall guest experience for your hotel. Guests appreciate the convenience and efficiency of streamlined transactions.
Are you a Hotel Link user who hasn't yet explored the power of Hotel Link Pay? Don't miss out! Contact us today. Our team is here to guide you through the process and help you unlock the potential of faster payments and a more streamlined financial operation for your hotel