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Payment Frequency - 4x/Month

I have messaged Booking through the extranet about this and only got a list of links that I have already gone through but could not find the answer. So I'm wondering if anyone knows the answer to this specific question... We use Payments by Booking. They are now offering to pay us 4x/month. Yesterday, June 22, I requested to change our payment frequency. Booking confirmed it will be effective July 1, 2019. 

So I'm wondering... 1.) Is the first payment July 1? 2.) What are the 4 payment dates? Thank you!

3 Replies

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Isle of Wight …

This payment frequency is new for all of us. We use Payments by Booking.com and we also take bookings on AirBnB, TripAdvisor and HomeAway. We have a minimum stay of 3 nights - some people book 7-14 nights. We started the 4x/month frequency on BDC this month.

The payout periods and dates appear to be based on departure dates of guests. The periods and dates I have so far are:

1-8 June (for departures between 1 and 8 June) - no payout as no departures in this period

9-17 June (for departures between 9 and 17 June) - Payout date 22nd June - the money was in our bank account 20th June, so 2 days before the payout date and much better than waiting until 15th July as before.

18-26 June (for departures between 18 and 26 June) - it doesn't show a payout date yet and doesn't list the departures due for this period - it says " This is the current period. Reservations will appear after the period has closed. ". To see the amounts due to be paid out, we have to check the reservations list.

There is nothing listed beyond this. It doesn't tell us the departure periods or payout dates in advance.

 

 

 

+1
25 days ago
1
Individual ent…

Thanks Isle of Wight … for your response. I guess we wait and see when the payouts come. Or, I may call customer service. I've have pretty good luck with getting information from them.

23 days ago
4
Isle of Wight …

It's telling me now 18-26 June Payment is being processed, and 27-30 June " This is the current period. Reservations will appear after the period has closed. "

Looks like they're not going with a regular frequency at the moment .....

23 days ago