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swlinphx, Thanks for the explanation. It sounds as if you track all this more than I do.
You wrote that Matt thought that Canadian charges were 3.75% fee also. Since that is what I was told, I wonder if that is what they originally charged and changed to stay competitive with PPI/PayPros?
In any case, I agree that it is good to have more options.
disneyfunvilla, I have signed up with both PPI/PayPros and VacationRentPayment, and for both, I needed to contact the company directly to sign an application and be approved as a credit card merchant.
Once approved, it is my understanding that you can link either account directly to ReservationManager.
However, you can only link one account at a time. It you already have one, or the other, linked, and you want to change, you will need to talk with HA/VRBO support to unlink.
Once that is completed, you should be able to link the other one. (I am in the process of doing that now.)
With regard to using PPI/PayPros through Reservation Manager or externally, you can do it whatever way you want. You can use them through ReservationManager, or you can send an invoice directly, or you can take your customer's credit card # over the telephone and enter it directly on the PPI/PayPros virtual terminal.
I really don't know if PPI/PayPros charges a $25 fee for "bounced" eCheck. What you described is the equivalent of a bounced check. The automated system has no way of knowing if it was fraud or a typo. I suspect that in a case like that it is up to the credit card merchant whether they want to waive the fee. Unfortunately, some companies focus on their fees more than satisfied customers. If you decide to sign up with PPI/PayPros, I suggest you ask the representative that question.
Sure Ice0606, but that is what I just wrote in Post# 204, explaining how it all came to be that way:
In April 2011, about 8 months before I started using RM, I looked into PPI/PayPros. At the time they were charging 3.5% + 30¢ for all transactions at the $0/month rate, although with higher volume and a monthly fee you could bring the per-transaction fee down.
...however, RM was just being launched and heavily promoted by HomeAway in the second half of last year, with VRP as the processor. To counteract that PPI announced they were dropping their overall processing fee to 2.5% for all transactions.
Is anyone using FlipKey's payment manager, similar to Reservation Manager and run via VRP? How does it compare to Reservation Manager?
I also used Payment Processing Inc (PPI) which has changed their name to PayPros prior to using VRP/Yapstone. This was a number of years ago and I was using the PPI virtual terminal to enter card details from my guests which I obtained over the phone. I switched to VRP/Yapstone payment processing because their terms were better than PPI at the time and they offered a method to schedule and send invoices via email for guests to self pay online.
PayPros has since gotten more competitive by eliminating sign up fees, monthly charges, and provided a much better rate (2.5%) for US and international transactions. They also provided the ability to integrate into RM allowing owners to respond to inquiries with customizable email templates, access a history of all communications sent, schedule and send invoices via email for online payment, enable guests to accept rental agreements online, allow reservations to be automatically added to the calendar once paid. So the capability is essentially the same as VRP/Yapstone, except the rate is better, so it made sense for me to change back to PayPros.
At this point I am waiting for VRBO/Yapstone support to unlink from RM so I can link PayPros as the payment processing system for Reservation manager.
My wife and I have been giving PPI a full year to be more competitive than RM and as of May 5, 2012 they wouldn't offer anything near what RM offers us in terms of fees and percentages. We have chatted with them on several occasions regarding their fees, etc and It sounds like they've changed their mind. How frustrating!
Gary Webster
714-292-7539
EarthLink Revolves Around You.
Just a point of clarification, the Reservation Manager (RM) is developed and owned by VRBO.
The payment processing systems are separate from RM and linked to RM by the owner. Currently you can choose VRP/Yapstone or PayPros as payment processors, not sure if there are other choices.
I agree PayPros F.K.A PPI was not willing to negotiate a better rate with me either, so I closed my account with them and went to VRP/Yapstone. Apparently they lost a significant amount of business and decided to be more competitive, hence the better rate and performance.
I will report back once I link my account, if in fact they make the deposits into my account within 24 hours or less as they stated. Currently VRP/Yapstone processing takes 3 days or longer.
Hi palmdesertluxury, thanks for sharing your experience.
It surprises me because my account executive with PPI switched me to the better rate structure last October. I would think that it should be general knowledge within the company by now.
Someone else mentioned talking with the same person I talk with. Perhaps you can call him directly if you have someone different? Matthew Stanley, 1-800-774-6462 x6789.
I just went back to my email correspondence regarding fees and see that my discussion with PayPros was from October 2011, when Matthew emailed that they had just lowered their rates for vacation homeowner's across the board to 2.5%. At that point, PPI/PayPros moved my account to a new platform and since then, I have the flat 2.5% with no transaction fees, or non-domestic surcharges.
I also noticed from my email that when I had been in contact with someone other than Matthew, I got different information. So, my suggestion is that if you are still interested in the PPI/PayPros, call Matthew directly.
Thank you for all of the info. These forums are beneficial .
Sent from my iPhone
My wife and I have been giving PPI a full year to be more competitive than RM and as of May 5, 2012 they wouldn't offer anything near what RM offers us in terms of fees and percentages. We have chatted with them on several occasions regarding their fees, etc and It sounds like they've changed their mind. How frustrating!
I agree PayPros F.K.A PPI was not willing to negotiate a better rate with me either, so I closed my account with them and went to VRP/Yapstone. Apparently they lost a significant amount of business and decided to be more competitive, hence the better rate and performance.
It surprises me because my account executive with PPI switched me to the better rate structure last October. I would think that it should be general knowledge within the company by now.
Regarding the three comments above, I must ask when the last time was you spoke with them that they were unwilling to negotiate a better rate. They changed to and announced a 2.5% flat fee (with no monthly or set-up costs) almost a year ago, by late July 2011.
swlinphx wrote:
That's what we just discussed in the previous couple posts Mike. I guess you didn't read them, but the answer is yes, you can have PPI/PayPros integrated as the engine behind Reservation Manager instead of VRP/Yapstone.
If you are with VRP and want to switch, we just discussed that too. You must go thru HomeAway customer service to have VRP removed first (see above few posts).
The $25 charge is ridiculous if it isn't an issue of funds but just a typo. Don't they have a way to check and say it is an invalid account number or bank or whatever field the typo occurred in?
I have read the entire thread, swlinphx, so perhaps my question wasn't quite clear. In any case, you provided the information I was after so, thank you.
VRP was actually unable to tell me what the actual reason for the echeck return and charge was. The notice indicated something like "closed or non-existent account". I suggested that they should have declined the payment rather than process it, deposit then withdraw the funds, and charge me. Perhaps it's a way for them to pocket $25.00. So much for "free" echeck processing.
Mike, here is one way to eliminate getting charged for echeck mistakes: contact customer service and tell them you want to disable echeck. They automatically include echeck when you sign up for credit cards.
In my humble opinion, echecks are a perfect scam opportunty and offer us homeowners no protection. I had a case where a customer "paid" with echeck so I turned down another potential renter for the same time period. Then several days later the customer cancelled the echeck and there is absolutly nothing that can be done. In fact, after researching and speaking with VRBO, the customer can actually cancel the echeck up to 6 MONTHS after issuance! Incredible amount of liability for us as the customer could actually stay in the home and THEN cancel payment with no recourse (other than hiring an attorney, blah blah etc etc.).
But you have to call CS to make this change.
Wow, really? I thought e-checks were like bank checks and once they cleared that was the end of it. I had no idea they could get their money back. What good is that to the owner?
In fact, after researching and speaking with VRBO, the customer can actually cancel the echeck up to 6 MONTHS after issuance!
I too disabled the e-check feature with VRP/Yapstone (PayPal offers it too) but are you sure about the above statement? Once it clears it is supposed to be like a regular check. In fact, it is a check, just one done electronically instead of with paper. Who told you a customer can just reverse a check months after it was cleared and processed, and are you sure you understood correctly? That doesn't make any sense. Can you point us to any place (terms or disclaimers) where that is in writing?
I have read the entire thread, swlinphx, so perhaps my question wasn't quite clear. In any case, you provided the information I was after so, thank you.
Just for reference, it was stated in posts #201, 202, 203 and 204 right before the one where you asked. I just read it again to be sure.
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