If you’re like most hostel managers, bottom line is very important to you.  Squeezing every ounce of margin, and pouring the juice into your profits is critical.  Finding great ways to increase convenience for both you and your guests while reducing costs is a winning combination.

IWB Payments by HostelTraveler.com (Instant World Booking) is a new payments service for hostels that fits the description of a winning combination for both hostel managers and guests.  In fact, it might be considered nothing short of revolutionary.  But what is it?

IWB Payments is a credit card acceptance tool that enables hostels and backpackers to collect charges from customer credit cards on the fly.  What’s revolutionary is that you need no merchant account, no payment gateway, and no credit card processors.  This means you save all the costs of these external services in addition to avoiding complex bank and credit applications.  And, if your hostel is located in a far-flung international location, it all doesn’t matter, since you’re not able to obtain a merchant account or credit card processing anyway due to your location.  In all of these cases, IWB Payments is for you.

Imagine this.  IWB Payments can be used whenever you wish to charge your guest’s credit card for any travel-related costs you want to collect.  It’s great when you wish to offer your customers the convenience of paying by credit card. Collect deposits or balances for rooms, meals, activities, etc. Even collect from your customers if they made their reservation through other sources, like HostelWorld or HostelBookers! Even collect for cancellation or no-show fees (when your guest fails to arrive).

Even if you don’t appreciate the convenience of collect with credit cards, your guests do.  Check out more about IWB Payments at:

http://www.hosteltraveler.com/payments-systems.php