StretchBill

https://lnkd.in/eN4q6PiX Great article in the WSJ on how debt levels are starting to impact even high-earning consumers. Several conclusions from the article: - Prioritization of mortgage debt over credit card payments is the highest it has been in a century (many have low interest rate mortgages that they can't risk default) - Lenders use employment as their biggest input in credit modeling - if there are massive job losses in federal employees and industries impacted by tariffs it could curtail new credit access - From January 2023 to January 2025, the rate of people earning $150k+ annually that are 60-89 days behind on their debt repayments has DOUBLED Access to credit will not just be an issue for consumers with lower incomes but is starting to impact the demographic making discretionary decisions to book vacation rentals. Agree? #paybybankinstead #avoiddebt #vacationrentals

I'm heading (along with our CTO Doug Reed) to talk to property managers and integration partners at the Vacation Rental Management Association (VRMA) International Conference Booth #310 in Phoenix next Monday-Wednesday. StretchBill offers a new way to accept payment for direct bookings - paid in installments or split among a group. We are integrating with major software platforms (like Track Hospitality Software — A TravelNet Solution) and website/booking engines (like ICND). If you want any of the following: - MORE direct bookings - processing fees that are HALF the cost of credit cards - names/email addresses of groups booking together Stop by and learn how easy it is to add StretchBill as a payment option at booth #310! If you are missing the conference this year, please reach out via DM! #vacationrentalpayments #grouppay #paybybank

How bad are card acceptance fees for US merchants? The highest in the world: https://lnkd.in/g9YM9BUp For high-ticket categories like vacation rentals and other rental properties, this cost gets worse each year from not only fee increases but increased chargeback losses due to fraud and OTA bookings. So many property managers ONLY accept card payments so this impacts 100% of their bookings. This is one of the biggest reasons that an alternative non-card payment method for direct bookings is so critically needed. With StretchBill's pay-by-bank solution, the renter experience is as easy and frictionless as paying by card - but at only 1.5% processing fee vs the typical 3% for card payments. When you add GroupPay making it seamless for a group to split a booking, paid in full within 7 days it becomes an even bigger "no-brainer". Eliminate high-fees, fraud risks, and offer guests the flexibility to split payments with StretchBill. Book a time with us to learn more at stretchbill.com/contact #paybybank #lowerfees #vacationrentalpayments

https://lnkd.in/eibiB4vZ Couple days late on this one but this is a big deal. Paying debt with debt (buy now pay later installments with a credit card) is costing Chase as an issuer (defaults on credit). As the largest credit card issuer, Chase has validated why #PayByBank for debt and other large purchases is the right strategy - exactly why StretchBill does not allow credit cards as a payment method. StretchBill makes it easy for renters to split payments among a group or pay over time, without the fees of card payments or even the additional fees that Chase's new "Pay Over Time" service adds to a total purchase. Join us as we offer the best alternative to high-cost credit card payments for property managers and renters alike at stretchbill.com/contact #nocreditcardfees #justsaynotodebt #vacationrentalpayments #grouppayments

Track Hospitality Software — A TravelNet Solution has a new Partner!! StretchBill! Like layaway, StretchBill allows guests to split payments over time instead of having to pay in a lump sum with a credit card. Here's How it Works: ??The renter authenticates to their bank and StretchBill verifies they are the account owner with adequate funds ??The first installment is processed ??Future installments are processed using the same banking details per the StretchBill payment schedule. ??The property manager receives a payout when all installments have been processed successfully, but always before arrival. Learn more here: https://hubs.ly/Q02FKmdv0 #StretchBill #VRBusiness #TravelNetSolutions #HeartofHospitality #Track #Partnerships

We are pleased to show our new variation on GroupPay for roommates in the #longtermrentals #apartments #multifamily industry. Introducing RoommatePay, powered by StretchBill. Returning to my RentPayment roots, RoommatePay offers an automated way for rent to be split each month, with the simplicity of StretchBill's #paybybank online banking service. In this short 33 second video, you can checkout our renter experience. If you are a multifamily property manager, I'd love to talk to you about being one of our first clients offering RoommatePay at your properties. You can also learn more at roommatepay.com. #multifamilypayments #rentpayment #roommates #payover

https://lnkd.in/eKUw7DiY So many great data points in this article just published on CNBC.com: - average summer trip is $3,594 - 80% will pay by credit card, and 20% of them won't pay it off in full with their first statement - as the summer wedding season approaches, 31% of wedding guests "took on debt" - $1.12T in credit card balances - up 10% in just a couple months after the US had hit $1T for the first time - average balance of $6,218 per consumer If accommodation cost is $2,000 of that $3,594, 20% of vacationers are paying at least~$60/month in interest (20%+ APR) by using a credit card. StretchBill could eliminate that cost while promoting fiscal responsibility with our pay over time + #paybybank approach to payments. #layawaynotlending #vacationrentalpayments #payovertimewithstretchbill

https://lnkd.in/eHM_7vRs Thanks to PhocusWire for highlighting StretchBill for their Startup Stage column. PhocusWire is one of the leading websites breaking what's new in travel technology, and we are thrilled to have been chosen as a company to watch in the industry. StretchBill's approach to payments, layaway not lending, applies to many other travel categories beyond just vacation rentals. If you are a travel supplier looking to cut credit card fees in half and attract more bookers, check us out at stretchbill.com. We offer the best way for both individuals to pay over time, as well as groups to split payments for a booking. #travelpayments #traveltech

IOP Escapes is a StretchBill client that just posted this cool video on their Facebook page with beautiful drone footage of Isle of Palms, SC. As we are seeing in specific markets, IOP Escapes surcharges for credit cards and can now offer StretchBill as a lower cost option to guests at booking. Enjoy your weekend - I know I wish I was in Isle of Palms! https://lnkd.in/echVk8aW

I'm thrilled to be sharing the StretchBill story as one of 15 Midwest-based startups at the Midwest Ventures Conference at the Ross School of Business at the University of Michigan today. Being a Columbus native it is a bit surreal to be here, but these students have done a tremendous job putting this event together and it should be a fantastic day. #midwestventuresconference #venturecapital #splitpayments #grouppay