How To Lower Transaction Fees on Travel Bookings  - Webinar by YouLi
Channel: YouLi
Date: 2022-10-06

HIGHLIGHTS

Terminology: credit card fee Vs booking fee
Evaluating your payment options:
Credit Card, PayPal, Direct Bank Transfer, Zelle, Google Pay, Wise, Pay by Phone, Make a Charge
Planner Experience: designing your optimal cash flow, payment plans & CC surcharge
Customer Experience: payment processing, confirmations & receipts, security, refundable bookings. 

YouLi Fees
Booking Fee (starting at 4% on EXPLORER ... drops to 0% on ENTERPRISE)
Subscription (starting at $55/month for Annual PRO)

Other Fees
Charged to Planner: Merchant Fees / Payment Gateway Fees / Credit Cards (CC) Fees 
Stripe
Charges extra in US/Canada for "manual charges" when entering Credit Card via Stripe dashboard

Use YouLi "Make a Charge" feature to get charged normal rate
Supports Google Pay - same rate as CC
Square
Authorize.net
Cybersource

Planner CAN charge Traveler: Surcharge 
Not legal in all countries

(Wire) Transfer Fees
Planner pays: If your bank charges you to receive
Traveler pays: Most banks charge to initiate a transfer - but depends on country and bank

Refundable Booking Surcharge
Traveler Pays: If you enable this feature, ~8-10%

Foreign Exchange Fee
Planner pays: If you let your traveler pay in their currency OR you pay your suppliers in another currency
Traveler pays: If you force your traveler to pay in your preferred currency

Payment Methods
Credit Card
Google Pay

YouLi No-fee options:
Record Manual Payment
Payment Instructions
Bank Transfer (Wire or Wise)
Zelle
Cash App
etc...
Bitcoin wallet
Strike wallet
PayPal.me
Pay by Phone
Mix with Make a Charge to charge ANY amount (not just the amount due)
Custom Link
Link to a donation platform
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