Bitcoin Payments for Hotels
Bitcoin payments are the newest wave of innovation that the hotel and lodging industry is poised to benefit from. The instant nature of payments over Bitcoin’s Lightning Network means you can get paid immediately for bookings, removing the need for lengthy settlement processes between your card processor and your bank account.
Get Started For FreeWhy hotels should be accepting Bitcoin payments
Instant Payouts and Payments
Traditional international payment methods like debit and credit can take several business days to finally settle from your payment processor to your bank account. With Bitcoin, payments can be delivered instantly and become spendable, without any potential hang-ups or additional steps needed for you or your guests.
Increase Your Profit Margin
Receiving payments can get expensive as you have to deal with hefty processing fees, either through online booking services or in person with debit or credit cards. Accepting payments with Bitvora are as low as 0.3%, which is up to 90%-95% less expensive than traditional payment processors.
Convenience for International Travelers
Bitcoin is an international currency, businesses who attract tourists can offer a simple way for customers to pay without costly currency conversion. Bitcoin is money without borders. Bitcoin is completely global and as long as you have internet access (even partially), you can send and receive Bitcoin payments.
Improved Security and Fraud Prevention
Unlike debit or credit cards, payments made with bitcoin can only be made by the bearer and are irreversible. There is no chargeback risk. This protects you when receiving payment for bookings and upgrades, knowing that you’re safe from having those funds reversed.