I'm in need of some help. We are working on a B2B platform for the travel industry and we've run up against a hitch on the payments processing side of things. We want to set up a payment portal for travel suppliers buying hotel inventory online. We've looked at several payment solutions but we are being considered high-risk due to the industry we are in (early payments for future stays) as well as being considered a third-party aggregator. I am considering the concept of putting together an escrow account for suppliers to pay into, then for the escrow to pay out our fees, then pay the hotels upon service delivered. Is this doable?
Has anyone out there ever done this before? What are the issues and considerations with doing something like this and HOW would we set this up? Any help out there would be greatly appreciated.
Any creative solutions are also welcome! The keys to our solution would entail: the ability to take our service fee out of the payment, the ability to charge back any banking fees to the hotels, & the assurance we are PCI compliant within the site.
Actually, PayPanther, has great free payment processing software, you can send professional looking invoices via email, even opt to send automatic email reminders to pay the invoice. And process payments online from anywhere in the world.
Did I mention it's completely free? lol
Check it out: PayPanther.com