As a hotelier, you may be wondering how the PSD2 directive will impact your business. The good news is that, with the right payment gateway in place, you can continue to accept payments without any major disruptions.
Here’s what you need to know about PSD2 and how it will affect your hotel business:
The directive affects how online payments are processed, specifically when it comes to psd2 hotels. In order for a hotel to be psd2 compliant, they must use a third-party payment service that adheres to psd2 rules and regulations.
This means that when you book a hotel room through a psd2-compliant platform.
When booking your next hotel room, be sure to check if the platform is psd2 compliant to ensure a safe and secure booking experience.
The Payment Services Directive 2 (PSD2)
European Union directive that affects all businesses that offer online payments, including hotels. The directive requires businesses to provide customers with more transparency and choice when it comes to payment options, as well as greater security for online transactions. For hotels, this means that they will need to offer guests a wider range of payment options, as well as ensure that their payment systems are secure. The PSD2 is a positive step forward for the hotel industry, as it will help to create a level playing field for all hotels in the EU. In addition, the directive will help to protect guests from fraud and ensure that their personal data is safe.
The European Union’s PSD2
One of the biggest changes is that hotels will now need to use strong customer authentication (SCA) for all online payments. This means that your customers will need to provide two forms of authentication, such as a password and a fingerprint, in order to complete a transaction. The good news is that SCA should help to reduce fraud and make online payments more secure. However, it’s important to note that SCA may also lead to higher abandonment rates, as customers may be discouraged by the extra steps involved in completing a transaction. As a result, hotels will need to strike a balance between security and convenience when it comes to online payments.
-The PSD2 directive
One of the main aspects of the directive is Strong Customer Authentication (SCA), which requires that customers authenticate themselves using two-factor authentication when making online payments. This means that, in order to continue accepting payments from European customers after September 14th, 2019, you will need to have a payment gateway in place that is compliant with SCA.
Hoteliers who are looking to comply with PSD2 can do so by implementing a hotel payment gateway. A hotel payment gateway is a PCI-compliant platform that allows guests to make payments using their credit or debit cards. Hoteliers can use a hotel payment gateway to accept payments for room charges, incidentals, and other fees. Hoteliers who implement a hotel payment gateway will be able to comply with PSD2 and accept payments from guests in a secure and efficient manner.