Virtual Resort Manager provides the needed functionality to process Security Deposit Waiver fees, either through the in-house management console, or on bookings created on line through the web. SDW fees can be defaulted to the reservation, or can be added as an extra charge. We also provide the means for the guest to decline the SDW fee, in which case the reservation charges automatically recalculate to reflect the change.
The system provides all of the necessary reports to comply with the requirements of the various providers, and properly splits commissions and fees. It also processes the vendor checks for payment.
For those jurisdictions which provide for SDW to be processed as an in-house fee, the system reserves collected funds in a separate account for later disbursement. |
