Houfy and accepting Direct Payments with Stripe or Square
We have connected Stripe and Square on Houfy for you to receive direct deposits & payments from your Guests. This will only work if your listing is verified by us. Of course!
The process to add this service is extremely simple:
Please Log in > Menu > Manage Listings > Payments & Payouts
Connect your properties to the accounts you would like to receive your funds in. (Below an example of 2 properties, 2 bank accounts)
Square: Pricing?
What are the countries that support Square?
Card payment acceptance with the Square app is currently available in the US, Canada, Japan, Australia, and the United Kingdom. Square currently doesn’t support payment card processing outside of these countries or in U.S. territories such as Puerto Rico, Guam, the U.S. Virgin Islands, American Samoa, and Northern Mariana Islands.
Stripe: Pricing?
What are the countries that support Stripe?
Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Japan, Luxembourg, Netherlands, New Zealand, Norway, Singapore, Spain, Sweden, Switzerland, United Kingdom, United States, Italy, Portugal
Sample of booking process with payment:
If you have more questions, please join our facebook member group
Houfy Inc. | A revolutionary market network for properties worldwide
Sorry if this is already clear to others, but when connecting to Square, how is Houfy viewed by Square in terms of their "software" and subsequent pricing for the credit card processing? Would this transaction be considered an "E-Commerce," "Keyed-in card payment," "Invoice" or something else? Different rates apply to the transaction type classification that Square offers. Appreciate any insight on this! Thank you.
It would be the invoice/E-commerce rate at 2.9% plus .30 cents per transaction. The 3.5% is manually entered payments. Ex: a traveler contacts you over the phone and verbally tells you his CC number and you log into your Square dashboard and enter it yourself. Don't quote me on any of this but it's the gist generally of how 3rd party processors work.
And the 2.75% cheaper rate would be for manual in person swipe transactions. Ex: if you have one of the attached Square readers on your phone, and you meet the guest in person and physically have their card in your hands. Less risk of fraud since you can verify in person, therefore a cheaper rate. The higher the risk of fraud, the higher the rate.
Wonderful, Bridget. Appreciate your explanation. We use Square already for in-person transactions and have a Stripe account. Looks like the fees are the same (2.9% + .30 per) for anything we would take online.
I have both too..ha! Stripe may save a bit of money if you get a lot of travelers who use European credit cards. The rates for those are 1.4% as long as no conversion fees, etc. If you have not read my comparison general overview of the differences I learned between the two, here it is https://www.houfy.com/bridgetjohnson/posts/should-i-use-stripe-or-square-for-credit-cards-12496
How can i connect a system for payments other than stripe or Square?
Hi Betty,
You can take payment however wish. Stripe and Square are the only two that integrate with Houfy. If you copy/paste this link it explains how transactions work no matter the payment: https://www.houfy.com/carl-and-bridget/posts/how-does-a-traveler-reserve-and-make-payment-14511370
Help! I'd like to connect Square to my bank account for accepting payments. However, I do NOT have any square 'reader' or device -- nor do I want one. I want these payments to be handled electronically without requiring any hardware. Is this possible?
Yes Carmen, you will need to contact Square directly.
Is there a way of Houfy adding the merchant fee (eg. 3%) for taking Square payments?
Most of my guests pay by direct bank transfer as this is free but I do give them the option of paying by credit card (via Square) if they pay an extra 3%. I have added this as an extra fee in the Pricing page but this doesn’t seem to transfer to the payment request sent to guest. What am I doing wrong?