D-EDGE and PayPal partner to facilitate secured payment at booking time
PARIS, FRANCE - Media
OutReach - 28 May 2019 - In most e-commerce business today, payment is done at
the time of purchase and not at the time of consumption. Over the recent years
the usual pattern has become "Select/Book >Pay >Get".
But in the hotel sector, the
prevailing practice remains: "Book > Get > Pay"
Today, this practice constitutes one of the main impediments to revenue growth for hoteliers due to its negative effects:
> High cancellation rate: According to a recent
research by D-EDGE, over 23.5% of the bookings of independent hotels and 35% on-the-books
revenue is cancelled before arrival.
> Fraudulent Bookings: As the booking is not
engaging the end user, some hotels may be the victim of unscrupulous visitors
booking long-term stays (20 days or more) just to feed their Visa's demands for
> Cash flow impact: According to the recent
D-EDGE's survey, average booking time (lead time) on hotels' brand website is
37 days ... 37 days of missed cash flow.
To cope with these issues,
hoteliers should enable and encourage payment at time of booking and should
widened the form of payment accepted. It
is also a response to a growing demand from the end travellers: 59%* of them
will book somewhere again if they are able to pay quickly the first time.
With this in mind, D-EDGE and
PayPal have partnered to enable hoteliers to accept payments quickly on their
hotel website, from almost anywhere around the world, in a secure manner.
This partnership also enables
hoteliers who do not have a PayPal account to create theirs in a few minutes
and manage it directly from their D-EDGE platform. The account creation process
is very fast and hoteliers can then start accepting payment instantly on their
booking engine from almost anywhere around the world.
Pierre-Charles Grob, CEO of
D-EGDE said "Thanks to this partnership,
the 11,000 hoteliers whose websites are powered by a Booking Engine D-EDGE ( ex
Availpro Fastbooking) can in a very easy
way get access to the 267 million active PayPal users around the world and offer them a simple way
to pay in a few clicks at the time of booking from any device including mobile
phones." The return on experience
shows that the conversion rate can increase up to 87.5%** thanks to PayPal
solution for mobile.
this partnership with D-EDGE, we offer an additional choice of payment to our
users and hoteliers. We respond to a strong expectation of our customers: we
offer them an easy, fast and secure payment at the time of booking" added Damien Perillat, General
Manager PayPal, Southern Europe.
* Source: Google/Ipsos, August 2016.
PayPal -comScore, 4th Quarter 2015.
from the merger of two long-established hospitality digital solutions
providers, D-EDGE offers leading-edge cloud-based e-commerce solutions to more
than 11,000 hotels in over 100 countries.
the technical excellence of Availpro with the digital marketing expertise of
Fastbooking, D-EDGE brings a holistic hospitality technology infrastructure
under one roof. The integrated range of solutions covers all stages of hotel
distribution which encompasses Central Reservation System, Data Intelligence,
Connectivity Hub, Digital Media and Website Creation.
With a team
of 350 experts located in over 20 countries, D-EDGE provides localised support,
services and tools. With its global network of 500+partners D-EDGE's
ever-expanding ecosystem is a positive place to do business and grow.
Fueled by a
fundamental belief that having access to financial services creates
opportunity, PayPal (NASDAQ: PYPL) is committed to democratizing financial
services and empowering people and businesses to join and thrive in the global
economy. Our open digital payments platform gives PayPal's 267 million active
account holders the confidence to connect and transact in new and powerful
ways, whether they are online, on a mobile device, in an app, or in person.
Through a combination of technological innovation and strategic partnerships,
PayPal creates better ways to manage and move money, and offers choice and
flexibility when sending payments, paying or getting paid. Available in more
than 200 markets around the world, the PayPal platform, including Braintree,
Venmo and Xoom, enables consumers and merchants to receive money in more than
100 currencies, withdraw funds in 56 currencies and hold balances in their
PayPal accounts in 25 currencies.