The are two contracting models available through Hotelbeds. The contracting model impacts the way payments are handled.
Payment information is provided in the 'Notes' of each booking on the Calendar and within the Recent Bookings section on NightsBridge. It is also included on the booking email confirmation sent by NightsBridge.
NightsBridge Virtual Credit Card Model
- For this model, Hotelbeds selects certain properties who have opted-in to the NightsBridge Corps and Agents 20%.
- Hotelbeds provides NightsBridge with a virtual card as payment. The virtual card is activated on the 'activation date' included in the booking notes.
- This is then transacted by PayBridge and the funds are deposited into the bank account linked to PayBridge.
- The amount, less the commission, is paid out 1 to 2 days after the guest has checked out.
Contract directly with Hotelbeds
- In this model, Hotelbeds negotiates the rate plan with the property directly. This is generally a plan that the property is comfortable with and aligns with their business plan.
- The property is required to submit the booking invoice to Hotelbeds on the check-out date, via their extranet, 'Maxiroom'.
- Hotelbeds settles these invoices 30 to 45 days after the submission.
- Should you encounter any issues with submitting an invoice, or you're unsure how to do this, you should contact your Hotelbeds Account Manager for assistance.
International properties
- All international properties need to provide Hotelbeds with the SWIFT code on the invoice to receive payment.
- Hotelbeds are willing to pay into foreign bank accounts, however, any potential service fees incurred will be for the property's account.