Avantio is the first vacation rental management software to join forces with Receptio powered by SysPay, a payment institution specialized in the hospitality industry.
This launch sees the first partnership of SysPay with a vacation rental software, indicating a new era of payment protection within the industry on a grand scale. With years of industry experience and a PCI-DSS level 1 rating, the Avantio and SysPay partnership offers a complete payment service through the Avantio PCI Wallet. Now there is no need to use multiple platforms to receive credit card details and collect payments, as SysPay Premium automates the entire process within the Avantio software with just one click.
Manuel Giner, Avantio CEO, “Many Agencies working with portals like HomeAway or Booking.com receive a credit card number for each booking as payment, and previously they had to process this manually in the Point Of Sale terminal. We have met this challenge by offering an automatic process to collect payments, saving precious hours of time and significantly increasing security”.
Guillaume Chauvet, SysPay founder, “In addition to the payment functionalities, the agencies will have access to a booking verification module which will identify hazardous booking and reduce no-shows. The solution performs a real-time banking validation. It also identifies card types which are not accepted, the ones issued from exotic countries or prepaid cards which are unreliable. This automated booking screening solution reduces risk of financial losses and saves a lot of time to the agencies.
Manuel Giner, Avantio CEO, “Some agencies take a security deposit as a guarantee against damages and loss. We have driven the integration development further, allowing the deposit to be blocked directly through the Avantio software at the beginning of the stay. Upon check-out, if no damages are reported, the blocked funds are automatically released so the card can be charged without hitting its payment threshold”.
The hospitality industry is particularly vulnerable due to the time consuming and unsecure manipulations performed to transact credit card information using a Point of Sales terminal.
Through using SysPay with Avantio PCI Wallet, clients will be able to receive credit card payments in a PCI compliant and completely time efficient way, saving hours of manual resources. The development of PCI Wallet in Avantio vacation rental software was created entirely to support their clients in vacation lettings businesses.
Avantio, was founded in Valencia, Spain in 2001. It is the reference software in the world for professional vacation rental agencies, providing the tools they need to grow their business and become more profitable. At the same time it connects them with the most important sales platforms in the world such as airbnb, HomeAway, Tripadvisor, Muchosol and more.
SysPay, part of Receptio Group, brings together experts from hospitality, payments and IT. Our mission is to facilitate the digitalisation of the hospitality industry through innovative IT and payment solutions; to increase profitability & to enhance guest experience. The company holds an EU Payment Institution licence and process transactions in 17 currencies.