Payment by Credit Card

Common form of payment for rental properties is check!

Payment by Credit card through PayPal


Most property owners accept payment for their rental either by check, traveler cheques, or wire transfer. Only a few owners and partners have credit card merchant status. Why are credit cards not widely accepted to pay for a vacation rentals ?

 

Payment by Credit Card

Payment by Credit card through PayPal

More and more owners accept credit card payments through PayPal, because PayPal has a less stringent policy on credit card merchant accounts. PayPal charges between 3 % - 5% for a credit card funded transaction. Usually, the renter is expected to cover these cost as they are not calculated into the rental rate.

 

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