Certain criteria of business such as hotels, B&Bs, guesthouses & rental companies need to reserve payment on their clients credit cards before a deal is finalized. They need to do this to ensure that the client has the necessary funds & that, if the final bill accrues, they can charge the extra fees. PayRequest has launched a Web app to assist these types of businesses.
PayRequest is an official Stripe partner, which means that it is accredited by one of the largest & most popular payment gateways in the world. Also, it supports the currencies & countries that Stripe supports, which is an adequately large ambit for PayRequest to cast the nets rather wide.
Potential clients need to sign up for a free account on the PayRequest Website, then they need to connect a payment provider/providers to their account. After this is done, businesses can send out requests & receive payment/payments. Businesses are set up with a personalized dashboard on the PayRequest platform, from which it can initiate payment pre-authorization requests.
Importantly, PayRequest facilitates putting businesses’ clients funds on hold until the fees are paid – the funds are not officially deducted, but the client cannot spend the reserved amount, which makes it much safer for small businesses who are unable to negotiate such an arrangement directly with their bank.
Not only does PayRequest support a host of currencies, it offers ‘live’ conversion metrics, so that enterprises can conduct businesses across international boundaries. Additionally, the platform is available in multiple languages & payment requests can be sent out in a language of choice.
Setting up an account is free, & PayRequest’s clients have access to unlimited free transactions – PayRequest only charges a 1% (per transaction fee) over the standard payment gateway fees, so doing business with PayRequest is unlikely to put their clients out of pocket.
Each client is offered a brandable page of their own, 3D security authentication is available & they receive a 24/7 support guarantee. PayRequest promises that they replace all payment tools in one handy dashboard.
