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Activate Stripe as a payment provider

MyVR has teamed up with Stripe to easily accept credit card payments directly from renters. 

Stripe is an easy to use merchant payment system that MyVR has teamed up with to process payments from renters online. Our partnership allows MyVR to access payment history and provide help with payment support issues.

When you use Stripe with MyVR, renters will never see that Stripe is processing the payments; rather, it will appear as though your business is processing them independently.

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Activate Stripe account

Step 1: Connect with Stripe

Navigate to Setup > Booking & Payments > Merchant Accounts and click on the Add Merchant Account button.

 

Step 2: Signup at Stripe

After clicking "Add Merchant Account", an Add Stripe Merchant Account window will pop up. Name the account (or if a Stripe account already exists, enter the name of the existing account) and click the Connect With Stripe button. From Stripe's website, complete the signup process by filling out a simple application form. 

 

Signup at Stripe

 

Step 3: Click "Authorized Account" once complete

Fill out the simple application and click on the "Authorize access to this account" button at the bottom.

Click "Authorized Account" once complete

 

Step 4: Stripe account activated

After completing the application at Stripe, automatically return back to the MyVR account and the new Stripe connection will be activated. The status of the Stripe account will be "Approved" and the account will be ready to begin taking payments from renters through MyVR! 

 

Multiple Stripe Accounts

Multiple Stripe accounts can be established as necessary for the business. 

Note: When multiple Stripe accounts are set up and connected, one will be the default account, which is the account that will always be associated with a property if one is not manually designated. 

Create a new booking policy for each merchant/bank account. For any property that should not be utilizing the default booking policy, assign a different booking policy. Assign a new booking policy to a property by going to Properties > Properties > [select property to edit] > Booking & Payment.

 

Additional Resources

 

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