Integrations

Technical specifications

Overview

Launch year

2021

Compatible integrations

Description

The cutting-edge fintech and payments platform designed exclusively for the hospitality industry. Simplify guest experience with a choice of local payment methods and experience complete automation with secure, efficient, and hassle-free payments across the globe.

With iOL Pay, guests can pay in over 150 local currencies which also saves them on exorbitant forex fees. They can also use all the global card schemes including Apple Pay, Google Pay, WeChat Pay and over 25 other local payment methods.

Details

Infrastructure detailsCloud, Multi-Property, Add-on to a res system

Support languagesENAR

CategoryFinance and payments

SubcategoryVirtual Card and Billing Platforms

Integrations

iOL Pay requires customisation with hotel's CRS and/or PMS. iOL Pay has already established connectivity with most leading CRS and PMS providers.

IndustryHospitality,Travel

Screenshots, videos and other resources

Product features

Payment Methods

AliPay

American Express

Apple Pay

Cartes Bancaires

Chase

Credit Card Payments

Diners Club

Discover

Giropay

GlobalPayments

Google Pay

Klarna Installment Plans

Mastercard

Multi-Currency Support

MultiBanco

Online Payments

Pay by Link

Paypal

PayU

PCI-DDS Compliant Payments

Pre-Authorizations

Stripe

TSYS

Union Pay

Vantiv

Visa

WeChatPay

JCB

Payment processes

Payment reconciliation and invoice management

Payment record matching with alternative systems

Check credit card validity

Processing cancellations fees

Processes virtual credit cards

Send a payment link from PMS

Support Level

Local / Regional Support in Middle East and Africa

Office Hours Online Support

Dedicated Account manager and Implementation Manager

Dedicated customer success manager

Dedicated onboarding specialist

Integrations

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OPERA Cloud Property Management

Vendor verified

Vendor: Oracle HospitalityCategory: Hospitality operationsSubcategory: Property Management System (PMS)

Cendyn CRS

Vendor verified

Vendor: CendynCategory: Commercial and distributionSubcategory: Central Reservation System (CRS)

OPERA 5 Property Management

Vendor verified

Vendor: Oracle HospitalityCategory: Hospitality operationsSubcategory: Property Management System (PMS)

Technical specifications

Specifications

Configurations

Configuration and implementation of iOL Pay is usually complete within 2-4 weeks. Further time may be required for more extensive customisation.

Scalability

iOL Pay is readily scalable across all properties within a portfolio or group. Payments can be collected on your brand website and channeled to the correct hotel entity with ease. iOL Pay also makes it very simple to get new properties up and running with a payment gateway.

Fee structure

Monthly Flat Fee

Pricing:

Monthly maintenance fee + transactions

Buyers

FAQs

What are the main benefits of iOL Pay for hospitality providers?

The main benefits of the iOL Pay solution include: AUTOMATION iOL Pay is all about payment automation. Reduce the manual work associated with collecting payment. iOL Pay will automatically charge bookings as per each rate plan's set up. GUARANTEED BOOKINGS iOL Pay ensures guests guarantee their bookings ahead of arrival. This increases the number of financially confirmed bookings and reduces any losses associated with no-shows. MULTI-ENTITY SUPPORT iOL Pay allows hotel chains to take bookings and payments on their brand websites and automatically direct payments to each hotel entity. SCALABLE iOL Pay is easily scalable across your entire portfolio. New properties across the world are also able to immediately access a fully comprehensive payment solution. COMMUNICATIONS iOL Pay handles all payment communications between the hotel and guest. Communications are branded and can be customised to any language and location. PAY-BY-LINK Easily generate and send partners pre-payment links in their own language. Links will support a over 150 currencies and all leading payment methods. COMPLETE INTEGRATION iOL Pay is a fully integrated posting/reconciliation solution for hotels. When payments are confirmed, iOL Pay will post this back in the PMS and reconcile all payments automatically!

What are the main benefits of iOL Pay for guests.

iOL Pay gives complete flexibility to the guest in terms of payment. Guest are able to pay in over 150 currencies, all whilst avoiding exorbitant foreign exchange fees. Furthermore, guests are able to choose from a variety of leading payment methods to complete their booking - including Apple Pay, Google Pay, WeChat Pay and over 25 other local payment methods. Guests are also able to pre-pay with ease using iOL Pay's user-friendly, pre-payment link.

Is iOL Pay only for the hospitality industry?

Yes - iOL Pay is a leading fintech and payment solution provider specialising in the travel and hospitality industry. As a hospitality technology company, iOL possesses a deep understanding of the hospitality industry, mastering the unique nuances related to processing, collecting, and dispersing payments for hotels.

How do I get set-up with iOL Pay?

Please get in contact with iOL to discuss your payment processing requirements. A member of the iOL Pay team will suggest an implementation plan to suit your specific needs.

iOL Pay

The leading fintech solution for hospitality

Payment Methods

Payment processes

Support Level

Monthly Flat Fee