Industry Info
April 18, 2024

Tips for Part 1, from RentalWise

RentalWise is a direct-connect partner with Learn more about best practices and tips.

How to use the right way. Many of our customers use as a way to get reservations at substantially higher visibility rates. We will present some of the hidden options available and the best practices to use

PAYMENTS TIP: Choose your payment method and terms. When people start using, they often find it difficult to deal with guest payments and cancellations. However, there are many settings you can adjust to increase guest quality and make it easier to collect payments. Please note that the options available to you depend on your location, number of properties, types of properties and your relationship with If you wish to make changes, the best method is to call and ask which options are available for you.

A) You are the merchant of record. Think about requiring Credit cards and CVC. You can require all guests to provide a credit card or even a credit card with security code (CVC). RentalWise is able to upload the credit card details to your Stripe account for auto-processing, once it's connected, but it's important to understand how credit cards work. will accept valid credit cards, but that doesn't mean they can always be charged. There are pre-paid credit cards, stolen or missing credit cards that may be used to confirm the booking. A good method to avoid hassle is to require CVC from all guests. Although this may lead to fewer bookings, it will increase the amount of sincere guests and lower the amount of cancellations as well.

B) is the merchant of record. For many homeowners, Booking will act as the merchant of record nowadays (ala Airbnb). This allows you to focus on your property and servicing guests, rather than running credit cards and collecting payments. If selected, will usually payout via bank transfer within 21 days of your guests' departure date.

Looking for help getting your vacation rental listed via PMS on RentalWise may be the solution you're looking for with a robust PMS & Channel Manager, Booking Engine and Website Generator.

See RentalWise in Action

Enjoy our centralized property management system to manage calendars, bookings, rates and payments for all your properties.