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How does the eLands payment system work

Once you get a booking your clients pay the reservation deposit. This deposit is forwarded to you after 24 hours your tenant checks in. The money will appear in your Paypal or your bank account. The remaining payments come get directly from your clients either in person when they come to stay in your rental or via any other transaction that you both agree on. You will need to know that there will be a small charge of 3% on the deposit transaction to cover the bank transaction fees. Other than that eLands makes money when you make money so your clients contribute an additional 3% to 10% fee.

It is free to list your space on eLands however there is an option that you might want to choose which is an advertising monthly plan (to be implemented later)

If the reservation request is declined or expires eLands does not charge any fee.

If the reservation is accepted, the payment is processed and the tenant would be requested to pay the reservation deposit including the eLands commission fee which is 3% to 10% of the total amount. This money would be forwarded to eLands bank accounts where it will be held for 24 hours after the tenant (tourist) checks-in.  This method gives both parties peace of mind when it comes to cancellation and tenant refund policies. 24 hours after check in, if there are no issues with your client/s and s/he finds everything in order, the money will be forwarded to your bank / PayPal account less 3% of this amount due to bank transaction fees. Your will receive the remainder of the payment directly from your clients either in person when they come to stay in your rental or via any other transactions that both parties agree on. 

 

 

How do I get paid from my rental space?

Once you get a booking, your clients pay the reservation deposit. This deposit is forwarded to you after 24 hours your tenant checks in. The money will appear in your Paypal or your bank account. The remaining payments come directly from your clients, either in person when they come to stay in your rental or via any other transactions that you both agree on. You will need to know that there will be a small charge of 3% on the deposit transaction to cover the bank transaction fees. Other than that eLands makes money when you make money so your clients contribute an additional 3% to 10% fee. 

 

 

When do I get paid?

eLands collects your client’s (tenant) deposit via one of our payment systems right after when the lessor (property owner or representative) accepts the reservation request and this payment is forwarded to you (the lessor) approximately 24 hours after check-in. You will receive the remaining payments directly from your clients (the tenants) either in person, when they come to stay in your rental or via any other transaction that you both agree on. You will need to know that there will be a small charge on the deposit transaction to cover the bank transaction fees.

If a tenant cancels the reservation after the deposit booking is processed, the lessor (property owner) will still get the deposit payout approximately 24 hours after the scheduled check-in date.

Please note that payouts cannot be processed on weekends or banking holidays.

 


 

What are the service fees?

Once you get a booking your clients pay the reservation deposit. You will need to know that there will be a small charge of 3% on the deposit transaction to cover the bank & processing transaction fees. Other than that eLands has a ‘’Service fee’’ were on bookings, your clients contribute an additional 3% to 10% fee to help cover the cost of running eLands.

When you get a booking the total is the complete price of a reservation with the service fees added. Both service fees are calculated from the reservation subtotal. In some cases depending on the location involved, VAT on the service fees may be included as an additional amount.