Credit Card Payments

By | June 28, 2016

Sometime ago we integrated the STRIPE payments system as precursor to the ever increasing security requirements required by the Payment Cards Industry (PCI).

We believed this to be the best way to provide members of the B&B Owners Association with online payment capture and minimise fraud.

As of today STRIPE is the ONLY way that members can take online payment as we are now required to stop the practice of providing credit card information to B&B Owners.

It is well proven now that most credit card fraud is due to the lack of security on desktop PCs mostly in the for of malware, trojans or viruses.

For members that have relied on accessing credit card data via their admin panels we would suggest that you sign up for STRIPE in the appropriate section of your my-bnb.com admin panel – simply click the “Connect with Stripe” button to register – You will need your Bank Account Number.

It takes 2-3 mins to obtain an account – there are no registration fees and it cost nothing if you don’t use it. Once you register, STRIPE inform us and your virtual terminal will appear next time you login.

Most of the following functions are one or two clicks

  • Collection of Full Amount on Confirmation
  • Collection of a defined % Deposit upon Confirmation
  • Collection of Full Amount or Deposit on Departure
  • Virtual Terminal for entering credit card payments
  • Virtual Terminal can also be used by typing or pasting in a Booking Reference Number – this will not display credit card details but will automatically debit the guest associated with that Ref. No.
  • Collection of Cancellation and No Show Fees

All money is transferred to your bank account 7 days after transaction at no extra charge.

7 thoughts on “Credit Card Payments

  1. Caroine Maher

    You have to give us an alternative, I’m not waiting 7 days to get payment.

    Reply
  2. Thomas

    Can you use it to just store credit card details to secure the room and then just take physical payment on check out. ie no collection at point of booking..

    In the event of no show revert to bandb network/stripe to obtain credit card details??

    Reply
  3. Michael - B&B Owners

    To find an alternative to Stripe at this stage would take at least a year whilst suitability, testing, reprogramming took place and would create more problems than it would solve.
    We integrated Stripe 3 years ago in anticipation of a number of security issues highlighted by the Payments Card Industry. We have highlighted the weakness of personal PCs for a number of years now – those PCs used by B&B Owners and Guests are still a weak link in the security chain and are still the target of Cyber Criminals that infect them with viruses, trojans and malware.
    Waiting 7 days for money to be transferred to a bank account is the lesser of many evils in the online booking industry – just look a the charges of online travel agents that have – daylight robbery that affects owners profits and put up prices for guests.

    Reply
  4. Nuala Duffy.

    Are you saying once you put in the Booking Reference No. You dont need to actually put in the Credit Card Details?? Does it automatically go through to your Bank??

    Reply

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