The FinTech industry extends way beyond payments and services, as the most significant innovation occurs where both industries come together. A recent partnership between Uphold and BookingTeam.com makes it easier to manage online vacation property payments.
Improving FinServ For Online Property Management
Ever since the sharing economy has started to gain momentum, travelers all over the world have been looking for alternatives to booking hotels or hostels. Lots of property owners around the world want to rent out their space to consumers and business people passing through their city, but there is a lot of hassle associated with doing so.
In fact, one of the biggest hurdles comes in the form of payment fees. Despite popular platforms such as AirBnB making life a lot easier, there was still a lack of transparency when renting a vacation home. The partnership between Uphold and BookingTeam.com eliminates this friction and brings the benefits of cloud money to the table.
As a result of this partnership, vacation rental hosts renters will gain access to instant and free currency exchange, combined with quick, transparent, and efficient booking pay-outs. Moreover, hosts and property managers are now able to receive booking payments in one place, and send the payment to anyone in the world using their email address. Quite a significant change to the current system, that much is certain.
Uphold and BookingTeam.com make it cheap and easy for renters and property owners all over the world to transact in different currencies without friction. Moreover, payment recipients in the EU and US can sweep funds between their Uphold Wallet and existing bank accounts, which makes for an even more seamless experience.
BookingTeam CEO and Founder Edwin Hudepol stated:
“Most hosts and property managers are short on time, and often payments and managing money fall last on a long list of to-dos. We choose Uphold as our primary financial services platform because their open API was easy to implement and their proprietary technology brings speed, ease, and transparency to make our customers’ businesses more efficient and effective so they can focus more on delivering top notch service to their guest.”
Last but not least, the partnership between both parties brings this type of service to platforms such as AirBnB. This is one of the most intriguing aspects about FinTech and FinServ, as partnerships can extend well beyond what is visible on the service. Uphold supports 29 currencies, as well as the cryptocurrencies and four precious metals.
Source: Press Release Via Email
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