Short-Term & Vacation Rental Discussions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago on . Most recent reply
Receiving STR Payments in mid-2021
Hello BP Family,
I will preface this by stating that I tried looking for updated posts on this topic but the posts I was finding were at least a year old. Things are changing quickly so I figured this would be a good post as I'm sure most of you are dealing with this on a monthly basis. Up until recently, I was using pay apps such Venmo and PayPal to receive rents/deposits/fees until they starting charging transaction fees. I've also used CashApp and Zelle. I haven't had issues with CashApp yet, but Zelle is no longer letting me send money (i.e. deposit returns, etc.) for unknown reasons.
Any suggestions on what the best app/software I should be using for my STRs?
Thank you in advance!
Sam
Most Popular Reply
The typical OTA's such as Airbnb, VRBO, BDC all have their own payment processing systems. It sounds like you're more interested in how to take payments via the direct booking website if I'm not mistaken. In the direct booking space, I use Yourporter and they are partnered with Stripe. Yourporter allows you to get chargeback protection at $2 per reservation.