The mission of XanderPay is to help hoteliers manage payments in an efficient manner which enhances the guest experience while creating a streamlined operational payment infrastructure.
At XanderPay, we understand the payment process from a guest booking from a brand.com site or from a third party (OTA and others) all the way through a hotel's payment reconciliation process.
Working with globally recognized payment and technology companies, we will help hoteliers identify the appropriate guest-centric payment strategies and providers. We will also guide hoteliers on the appropriate mix of B2B payment solutions - implementing VCCs where beneficial and introducing our own XanderPay solution for B2B bank transfer guarantee (BTG) payments.
XanderPay leverages the power of the Payment Manager conceptualized by HEDNA’s Open Payment Alliance to offer an alternate form of payment for B2B transactions related to third-party bookings. Hotels receive payment to local bank accounts in desired currency for the expected amount of the booking through local payment partners – often faster than existing payment methods. Costs are structured on a per booking basis (vs. the % of transaction amount today) resulting in cost savings.
In moving toward centralized payments, hotel brands will need to create a solution to send funds to their properties. The XanderPay solution accommodates these transactions. Individual hotel properties will receive payment to local bank accounts in desired currency for the expected amount of the booking through local payment partners. Costs are structured on a monthly subscription basis or per transaction fee - not a percentage of transaction value
Today, hotels pay somewhere between 1 – 4% of room revenue more than necessary to process payments for almost every cross-border guest. Hotels are overpaying for third-party bookings because of legacy processes and antiquated payment choices. XanderPay’s hospitality payment experience enables our team to provide expertise and guidance in structuring payment strategies which work for both the hotelier and its guests.