August 21, 2024
Blog
In the fast-paced world of hospitality, managing payments efficiently is crucial for maintaining a healthy cash flow and ensuring smooth operations. Recognizing this need, Expedia Group has introduced the Expedia Virtual Card (EVC)—a single-use credit card solution designed to streamline the payment process for hoteliers and property managers. This blog delves into the key features of the EVC and how it can revolutionize the way hotels manage their payments.
What is the Expedia Virtual Card?
The Expedia Virtual Card is a single-use credit card that simplifies the payment process for properties listed on Expedia Group’s platforms. When a guest books a stay through an Expedia Collect reservation, the hotel receives a unique card number with the booking notification. This card can then be charged at the time of guest check-out, ensuring prompt payment directly to the property’s bank account within 1-2 days.
Key Benefits of Using Expedia Virtual Card
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Fast Payments
The EVC operates like any standard credit card, allowing properties to receive payments swiftly, similar to other credit card transactions. This ensures that there is no delay in receiving funds, helping hotels maintain a steady cash flow.
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Ease of Use
Charging the provided card number at checkout is straightforward, requiring no additional payment requests or invoices. This simplicity reduces the administrative burden on hotel staff, allowing them to focus more on guest satisfaction.
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Enhanced Cash Flow
With faster payments and reduced administrative tasks, hotels can enjoy an improved cash flow. This efficiency helps in better financial planning and reduces the stress of payment management.
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Security and Protection
Each Expedia Virtual Card number is unique and tied to a specific reservation, providing an extra layer of security. This ensures that transactions are secure and reduces the risk of fraud.
How to Get Started with Expedia Virtual Card
Implementing the Expedia Virtual Card in your payment process is simple and can be done through the Partner Central platform. Here’s how it works:
- Booking Notification: Once a reservation is made through an Expedia Group website, a single-use credit card number is provided in the booking notification via Partner Central or your Property Management System (PMS).
- Authorization at Check-In: At guest check-in, authorize the card for the stay and retain the authorization code.
- Payment at Check-Out: At check-out, charge the card for the amount specified in the booking notification. The payment is then automatically transferred to your bank account within 1-2 days.
The Expedia Virtual Card offers a reliable, secure, and efficient payment solution that addresses the unique needs of the hospitality industry. By adopting this tool, hotels can streamline their payment processes, enhance security, and improve overall financial management. If you’re a hotelier looking to optimize your operations, the Expedia Virtual Card could be the seamless solution you’ve been searching for.
To get started, simply sign up for the Expedia Virtual Card through the “Payments” tab in the Expedia Partner Central, and experience the ease and efficiency that comes with it.
