FAQ: Booking Holdings Financial Services

Updated 5 days ago | 5 min read time


What is Booking Holdings Financial Services?

We set up Booking Holdings Financial Services (BHFS) to process payments on our platform. If you’re located in the European Economic Area (EEA), BHFS refers to Booking Holdings Financial Services International Ltd., which is regulated by the Central Bank of Ireland.

How does BHFS affect me?

BHFS will handle all your payments on the Booking.com platform. If you're eligible, you’ll be asked to agree to BHFS’ terms and conditions (the BHFS Payments Agreement) and complete the BHFS Know Your Partner (KYP) form to identify yourself.

We don't expect anything in your day-to-day operations to change once BHFS starts processing payments for you. However, please read this article on activating and processing payments with BHFS to find out more.

What are the benefits of using BHFS to process payments? 

BHFS helps us enhance the safety, security and reliability of payments relating to your use of the Booking.com platform. It also increases our ability to prevent financial crime, enabling you and your guests to make secure payments.

Being able to provide you with regulated payment services allows us to lay the foundation for introducing new improvements and scaling our payments services in the future. This means we can innovate and offer top-notch payment services that will deliver more value to you and your guests.

Which partners will use BHFS?

BHFS will launch its payment processing services in phases across our markets, starting with select partners in certain member countries of the European Economic Area (EEA). In May 2022, a first batch of partners will be invited to complete the BHFS KYP form. After they have completed the KYP process, BHFS will be available to them starting from October 2022.

This phased approach allows us to validate the operating model and effectiveness of the transition, thus ensuring the operational readiness of our new payment service provider.

What happens if I don’t migrate to BHFS?

There are no short-term consequences if you don’t migrate to BHFS. Aside from BHFS handling all your payouts, how your payments are currently processed will not be affected.

However, this will change in the future as we scale our payment services through BHFS. Therefore, we highly recommend migrating to BHFS when it’s available.


How and why do I need to verify my identity for BHFS?

BHFS needs to verify your identity so we can confirm you are who you claim to be. The documents needed to verify your identity can be uploaded through the BHFS KYP form. This is a three-part account verification form intended to gather data regarding the property’s ownership, your identity and your bank details.

How do I fill in the KYP form?

You can access the KYP form by clicking on the banner in your extranet. We’ll also send you an invitation to fill in the form via email.

How long will it take me to fill in the KYP form?

The KYP form takes five to ten minutes to complete, if you have all the necessary documents at hand. 

Can I modify my information after submitting?

You can only submit the KYP form once you’ve filled in all the fields. You can’t edit, view or modify your information after clicking submit. If you leave the KYP form unfinished, it will be in the ‘verification’ stage. During this stage, you’ll see a banner in your extranet linking to it, which will allow you to access and modify your information.

Can I resubmit the KYP form?

You won’t be able to make any changes once the form has been submitted. We’ll reach out to you if we need more information to complete the KYP process.

If I click ‘Save for later’, how do I find and edit the KYP form?

You can always access the form using the link you received via email or by clicking on the banner in your extranet. The link in the email and banner will stay active until you’ve completed and submitted the KYP form.

My form is invalid, how do I correct it?

Any invalid data or verification errors will be highlighted in the form.

If I close the form halfway through, will I need to start over?

Everything you enter is saved when you click Save and continue at the bottom of each KYP page. This information will be displayed when you access the form again. If you close the page without clicking Save and continue, your data will not be saved.

What happens after I’ve submitted the KYP form?

After submitting the KYP form, we’ll review and verify your information. We’ll send you a notification via email informing you that the KYP process is complete. At a later stage, we'll also let you know when BHFS will start processing your payments. That will be your BHFS activation date. In case we need more information to complete the KYP process, we’ll let you know what actions you need to take.

Can I speed up the verification process?

No, this is not possible.

Do I need to do anything while my information is being verified?

No, we’ll contact you once the verification process is complete, or if we require more information.

Will my property listing stay open on Booking.com while I’m being verified?

Yes, it will.

Personal information

Why do you need my personal information?

We need this to verify your identity and ensure the security of all our partners.

I’m a property manager filling in the KYP form on behalf of the property owner. Do I need to add their details as well?

The party we're in contract with is responsible for completing the KYP form. They're required to invite associated parties – such as anyone with 25% or more ownership of the property – to be represented in the KYP form. If you’re a property manager, you can disclose the role of each associated party member separately.

Can I change an additional individual’s email address?

If you want to change an additional individual’s email address – that is, any individuals you've added under 'property ownership and management' – you can return to the KYP form anytime before submission to remove the email address and add a new one.

What happens to my information if I opt out of payments through BHFS?

We’re required to store terminated account information for five years. Your information will be stored securely for the duration, after which we’ll safely delete it.

How do we handle your personal information?

We’re committed to keeping you and your business safe. That’s why we employ an array of people, tools and processes to ensure your personal information is always used securely and in compliance with any applicable privacy requirements. Read more about how we handle your personal information in the BHFS Privacy Statement.

Access to your personal information is limited to employees who are designated to manage, maintain and review this information. We will not share or use your personal information in any other way.


How will I get paid?

Once approved and activated, you will receive payouts for reservations in your bank account just as before. The main difference is that the payouts will come from BHFS instead of Booking.com B.V.

Will the payout schedule remain the same?


Do I need to pay any additional fees after migrating to BHFS?

No, you don’t need to pay additional fees for BHFS to provide you with payment processing services. Any fee arrangements you currently have with Booking.com B.V. will remain unaffected.

When will BHFS start processing payments for me?

Once you enter the BHFS Payments Agreement and have completed the KYP form, we’ll let you know when BHFS can start processing your payments. We expect BHFS to begin processing payments for an initial batch of partners at the start of October and throughout Q4 2022.

KYP attachments

Is there a size limit for the file I can upload as proof of residence?

The size limit is 20MB.

My ID expires in one month, can I still upload it?

We advise uploading an ID that doesn’t expire within six months. If you upload one that’s close to its expiration date, we’ll reach out and ask you again for another valid ID once the expiration date has passed.

I can’t see nor did I receive a confirmation for the file I uploaded. Is that normal?

This is normal – once a file is uploaded, you can no longer view it on the KYP form.

I manage a property, but the owner’s name is on all the bills. Is that a problem?

This is not a problem because we ask for verification from the party we have a contract with, as well as associated parties who have 25% or more ownership of the property.

Can I delete and reupload files?

Address documents, such as bank statements, utility bills and credit card statements, can be resubmitted during the upload stage. You can retake ID photos in the review stage by clicking ‘take a new photo’. However, you cannot re-upload files after submission.


What can I do if the individual I added to the KYP form didn’t receive an email invitation?

You can resend the invitation. Please remove the existing email address and add the new or correct one.

I’m trying to submit the form, but the page isn’t loading. What can I do?

If you’re getting an error message while trying to submit the KYP form, please try again. There’s no limit to how many times you can submit the KYP form. If you can’t open or complete the form, reach out to your support team.

The BHFS Payments Agreement

Why am I being asked to enter into the BHFS Payments Agreement?

Because BHFS will be providing you with payment processing services, you need to agree to the terms and conditions for those services, as set out in the BHFS Payments Agreement. We recommend that you read the BHFS Payments Agreement to understand how it will apply to you. 

What services will BHFS provide under the BHFS Payments Agreement?

BHFS will process payments relating to your use of the Booking.com platform. These include payments made on our platform by your guests when they make a reservation.

What happens to payments made before BHFS becomes the payment service provider? 

Your agreement with Booking.com B.V. will continue to apply during your migration to BHFS. Your payments will be handled as per usual until BHFS begins processing payments for you.

How is the BHFS Payments Agreement different from my agreement with Booking.com B.V.?

The BHFS Payments Agreement only concerns the processing of payments. It doesn't affect the provision of the Booking.com platform and the other services offered under your agreement with Booking.com B.V. Furthermore, the BHFS Payments Agreement contains certain information required by regulations that apply to BHFS – for example, regarding your rights under those regulations.

What are the liability provisions under the BHFS Payments Agreement?

There are limitations on your liability to BHFS under the BHFS Payments Agreement. In any 12-month period, your liability is capped at the higher of EUR 100,000 and the aggregate commission you’ve paid to us during that period. This is subject to exclusions.

BHFS’ liability to you is also similarly capped, but its obligations to settle payments to you or address problems that might arise during payment processing aren’t capped.

If you’re a large business, you will indemnify BHFS and Booking.com against losses connected to certain claims brought by third parties. The liability cap doesn’t apply to these indemnity payments. Please refer to clause 17 of the BHFS Payments Agreement for more information.

What are my rights under the BHFS Payments Agreement?

Your rights will vary depending on the size of your business. You can find these details in your BHFS Payments Agreement. Generally, all partners using BHFS can expect that:

  • BHFS will provide you with regular information about your payments through the extranet
  • If BHFS processes a payment incorrectly or processes and unauthorised payment, you may have the right to a refund if you ask for it within a certain time period
  • If you make a complaint, and we can’t resolve it, you have the right to take it to an external and independent complaints body

What are my obligations under the BHFS Payments Agreement?

When you enter into the BHFS Payments Agreement, your obligations will include:

  • You’ll need to provide and update BHFS with the information it needs to comply with its legal obligations
  • You must act within the law
  • You must follow any guidelines we provide to you that allow BHFS to meet its obligations to third-party payment processors, such as guidelines relating to rules set by Visa and MasterCard

Can BHFS terminate or suspend the BHFS Payment Agreement?

BHFS can terminate the BHFS Payments Agreement for any reason with at least 2 months' notice. For larger businesses, the notice period is 15 days. BHFS has the right to terminate the agreement more quickly – or immediately – in certain circumstances, such as if there’s reason to believe you’re breaking the law or you’ve seriously or repeatedly breached the BHFS Payments Agreement

BHFS can also suspend payouts or terminate the BHFS Payments Agreement without notice if there’s reason to believe there’s a threat to security.

Can the BHFS Payments Agreement change?

BHFS can make changes to the agreement for a variety of reasons, but must give you at least two months’ notice. In certain cases, BHFS can change the agreement more quickly when it’s necessary for us to meet our legal requirements, or if you’re a larger business. If you disagree with a change, you can end the BHFS Payments Agreement in the extranet at any time before the change takes effect.

What other rights does BHFS have under the BHFS Payments Agreement?

BHFS has the right to:

  • Decline or delay the settlement of payout amounts when the payment or booking is unlawful, or where there’s reason to believe it’s necessary to protect BHFS or Booking.com against an increased risk of you not meeting your financial obligations – however, BHFS must pay any delayed payments once the reason for the delay no longer exists
  • Set off amounts or other liabilities you owe to a member of the Booking Holdings Group of companies against amounts or other liabilities that they owe you

Is the BHFS Payments Agreement governed by Dutch law?

No, it isn’t. While your agreement with Booking.com B.V. is governed by Dutch law if you're in the EEA, the BHFS Payments Agreement is governed by Irish law and falls within the jurisdiction of the Irish courts.

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