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HotSpot offers two convenient solutions to collect rent payments electronically online, either eCheck or Credit Card- Exclusively for HotSpot Tax Service Customers
| SPOTPAY eCHECK |
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SPOTPAY CREDIT CARD |
eCheck (ACH) enables you to transfer vacation rental payments from your renter's bank account directly to your bank account. Designed specifically for vacation rental property owners--SpotPay eCheck is simple and easy to use. It is the ideal solution for large ticket rental payments. Take a look at the demo to see how easy it is:
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| Annual fee |
$39 |
| Monthly fee |
None |
| Set-up fee |
None |
| Transaction fee |
$4 |
| Per Transaction Limit |
$5,000 |
| Monthly Processing Limits |
$10,000 |
| Annual Processing Limits |
$50,000 |
SpotPay eCheck is a fraction of the cost of a credit card payment.
Features & Benefits
- HotSpots customized online terminal allows the renter to input payment information into a secure environment, not sharing personal account info with the property owner
- Receive immediate email notification that a renter submitted a payment request to their bank
- Receive funds within a couple days
- eCheck is a fraction of the cost of credit card payments
- No more waiting for checks to arrive to guarantee a reservation
- No more runs to the bank to make deposit and hope the check doesn’t bounce
- No more lost last minute bookings because a check in the mail takes too long
- Get an electronic record for all payments
- Increase payment security – owners never see account information
Similar to credit cards, electronic check payments eliminate the inconvenience and uncertainty of waiting for paper checks in the mail. eChecks offer similar convenience to credit cards, but at a fraction of the cost. |
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Designed specifically for vacation rental property owners--SpotPay Credit Card is simple, easy to use and an affordable solution for accepting credit card payments (Visa & MC only). Take a look at the demo to see how easy it is:
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| Annual fee |
None |
| Monthly fee |
$9 |
| Set-up fee |
$20 |
| Transaction fee |
2.95% |
| Per Transaction Limit |
$2,500 |
| Monthly Processing Limits |
$5,000 |
| Annual Processing Limits |
$25,000 |
| Only Visa/Mastercard Payments Accepted |
SpotPay Credit Card is intended to lower the monthly fixed costs for vacation rental owners that don't process high annual volumes.
Features & Benefits
- HotSpots customized online terminal allows the renter to input payment information into a secure environment, not sharing personal account info with the property owner
- Receive instantaneous confirmation that payment has been accepted
- Email receipts sent to you and your renter confirming the transaction
- Funds deposited into your account within a couple days.
- Less expensive than traditional merchant accounts
- Review your transaction history 24/7 on your customized HotSpot account
- Increase you bookings with payment convenience for your renters
Increase renter confidence and payment flexibility by accepting the most common and desired form of payment for travel related services. Accepting credit card payments will increase your bookings. | |
