Your business will always need to compete for customers, and an excellent way of gaining an edge over your rivals is to ensure that you have all the bases covered when it comes to payment processing options.
The way you are able to accept payments and the scope of your options can make a huge difference to customer perceptions. Without question, offering them the ability to choose the right payment channel that is secure and convenient will make a huge difference to your business.
From being able to take a range of card payments, to gaining access to high risk ACH merchant accounts, if that’s what your business profile requires, here’s some key points to take on board if you are a small business owner.
Understanding How Much Payment Processing is Really Costing You
You expect to pay fees for using a payment processing facility. However, the headline rate you are often quoted by card processing companies is not always the actual fees you pay in the end.
You need to be able to calculate your effective rate, which is a number that you arrive at by dividing your total processing fees by your total card sales. Knowing this number makes it easier to budget and allows you to compare when shopping around.
Don’t forget that Automated Clearing House (ACH) options are usually considerably cheaper than card payments, so that is always worth bearing in mind.
Choose the Right Pricing Model for Payment Processing
Another key issue to consider is whether your business is better suited to a flat-rate or interchange-plus pricing model.
It pays to take the time to understand the difference between the two. Flat-rate pricing is straightforward and offers a greater level of predictability when it comes to knowing your fees. This model usually works well for low volumes of transactions, or when you are just starting out.
Alternatively, interchange-plus pricing is a system where the base fee set by the card networks is a different number to the processor’s margin. Talk to your provider to get these options fully explained.
To give you an example of how flat-rate pricing works, here’s a typical setup scenario:
Your payment processor will have a base rate that calculates all of their usual underlying processing costs. They will then add their profit margin. This is then delivered in one flat rate that is quoted to you. For instance, you could be charged one rate for in-person transactions and a different rate for online transactions. The fee for online transactions is usually higher to reflect risk and compliance regulations associated with this type of payment.
Although this pricing model does give you greater fee predictability you should know that this way of paying for payment processing could get expensive when you start processing large volumes of sales or have a high high average ticket size. In those scenarios, the interchange-plus model usually becomes more cost effective.
You should also be aware of another option known as tiered-pricing. This is when transactions are allocated in certain so-called tiers, such as qualified, and non-qualified. This is an area of pricing where industry jargon is highly prevalent and can easily cause a lot of confusion. If this is being offered to your business as an option , take the time to understand what is involved, as the markups can be quite high in some instances.
Keep an eye on hidden costs
Staying on the subject of hidden costs, always keep an eye out for extra fees and charges being quoted in your contract. These can quickly add up. What you are looking for is things like chargeback fees, regular monthly fixed charges, and PCI non-compliance fees.
You will find that many payment processing providers will apply a regular charge for ensuring that your business always complies with the latest industry security standards. This is to be expected, as the legal landscape is constantly evolving, but you do need to keep any eye on what you are being charged for.
Chargeback fees can vary greatly between providers. This is a penalty fee charged to you when a customer disputes a transaction with their bank. Again, these fees can soon add up, so check what your chargeback fees are.
In addition, you may be charged for either renting or buying the physical card readers needed for taking payments. It is a good idea to verify what these costs are so that you can factor them into your budget calculations.
You can’t afford to ignore PCI compliance requirements
Whatever the size and type of your business you must comply with Payment Card Industry (PCI) data security standard rules.
Your card and payment processing provider should be able to provide you with all the right encryption and other security protocols required to stay on the right side of the law. Be mindful that non-compliance can have consequences, including being subjected to hefty financial penalties.
In a nutshell, security and compliance is an area of payment processing that is non-negotiable. Look for providers who are able to offer you more secure options such as P2PE and tokenization facilities, which are known to be robust in safeguarding customer details. As a base starting point when it comes to security protocols, make sure you always use EMV (chip and pin)or contactless methods, as they are much safer than manually keying in card numbers and details.
Multi-channel flexibility is key to your growth
Ultimately, most customers now expect and demand to be able to pay in the way that is most convenient for them. Whether that is making a direct payment using ACH, or making a card payment, your business needs to offer a variety of payment methods.
Make sure you choose a payment processing provider who can give you all the tools needed to be a truly multi-channel business.
Once you understand these important aspects of payment processing it should be easier to create a system that allows your business to thrive. It can definitely make a difference to your bottom line when you choose a payment processing provider that gives you all the payment options you want at the right price.
Major hotel companies have seen the value in investing in all-inclusive resorts in recent years, refreshing a formula that once felt tired. Thanks to their efforts, these properties routinely feature fresh, modern design, fantastic restaurants and curated experiences from snorkeling excursions to guided tours of historical sites, all for one reasonable price.
While Hilton’s all-inclusive portfolio is smaller than those of its competitors, its resorts pack a powerful, value-added punch. So, whether you’re a die-hard Hilton Honors member or a free agent just looking for a good deal, chances are there’s a Hilton all-inclusive for you.
Here are TPG’s favorite Hilton all-inclusive resorts to consider for your next warm-weather getaway.
Hilton Cancun Mar Caribe All-Inclusive Resort
CLINT HENDERSON/THE POINTS GUY
One of Hilton’s properties in Cancun, Mexico, this all-inclusive resort is a winner with its views and amazing restaurant lineup — as TPG found out when we checked in to the property. The Hilton Cancun Mar Caribe All-Inclusive Resort is just the place for you if you’re looking for a sunny getaway that earns top marks for service, has spacious rooms and suites, and keeps guests well fed.
All of the resort’s 540 guest rooms and suites come with balconies, and some suites even have private plunge pools. Modern furnishings with tropical flair, a complimentary minibar restocked daily, and either ocean or pool views are offered across all rooms and suites. If you’re in the mood to splurge, book an Enclave room or suite for a private lounge and pools, as well as special welcome amenities — some Enclave suites even feature direct beach access.
From the international breakfast buffet to poolside bites at Seasalt, the Hilton Cancun Mar Caribe keeps you well fed and hydrated all day long. We’re especially fond of Maxal, the resort’s Mexican fine dining restaurant. Of course, don’t forget to have fun in the sun: The resort features 13 swimming pools, kids and teens clubs, and a spa for those looking for a little more tranquility and rejuvenation in their getaway.
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When we sent a reviewer out a few months after opening back in 2021, one thing was immediately clear at the Hilton Cancun, an All-Inclusive Resort: This place is wonderful for families.
About 20 minutes from Cancun’s Hotel Zone, this all-inclusive resort is in a shared complex with Hilton’s Waldorf Astoria Riviera Maya. Both resorts occupy more than 100 acres, giving visitors plenty of room to stretch out while vacationing in Mexico.
At the 715-room Hilton Cancun, guests are treated to modern accommodations with at least 430 square feet of space and amenities like wardrobes and spacious bathrooms. Plus, most rooms and suites have balconies or patios. Book a swim-up room for an even more memorable experience so you don’t have to go far to cool off.
With 12 different restaurants, bars and specialty snack shops, nobody will go hungry. The Hilton Cancun’s restaurants have a much more upscale vibe than what you’d expect to find at an older-generation all-inclusive resort, with options ranging from an international buffet to a taqueria with a walk-up window to an open-flame grill serving sizzling steaks and seafood. Should you crave a sweet treat, there’s even an ice cream and churro shop.
During the day, visitors can swim in two infinity pools or post up at the beach, where activities like soccer and volleyball are scheduled at regular intervals. Families will particularly love that teens and kids clubs have various activities to entertain younger guests throughout the day. Hilton Cancun also specializes in immersive experiences like a Full Moon Dining Series, snorkeling excursions to Isla Mujeres and guided tours of Chichen Itza.
Mangrove Beach Corendon Curacao All-Inclusive Resort, Curio by Hilton
MANGROVE BEACH CORENDON CURUCAO ALL INCLUSIVE RESORT/FACEBOOK
The Dutch Caribbean island of Curacao begs travelers to grab a beach chair and enjoy the crystalline waters of the Caribbean. This resort, part of Hilton’s Curio Collection, is another excellent family-friendly affair. It has a water park with a cobra-themed waterslide, four pristine swimming pools, a scuba diving center and sports like volleyball on the private stretch of sand. Kids can enjoy a playground and various daily activities specifically tailored to younger guests.
When we say this 399-room resort was built for families, we mean it, especially when you factor in that one of the room setups features a king-size bed plus two twins. But no matter what size of room you need, from a standard king to the two-bedroom presidential suite, expect modern decor with bold colors, private outdoor spaces and air conditioning.
There’s a restaurant to satisfy every palate, including Dushi Sushi Club, Ristorante Siciliano and Cor & Don’s BBQ Restaurant. Grab a drink at Pera Lobby Bar & Patisserie until midnight, while the Flamingo Beach Bar stays open 24-hours. Don’t miss The Don Cigar Lounge, where cigars and cognac are offered.
Guests can book a beachside massage in one of several thatched-roof cabanas to unwind. Bike rentals are also available for those who’d rather venture off-site to check out their surroundings.
Hilton’s first all-inclusive resort in Tulum, the Hilton Tulum Riviera Maya All-Inclusive Resort has a wow factor, and our reviewer was impressed with the laid-back vibe, top-notch amenities and eco-sensitive design.
Across the resort’s 735 rooms and suites, all of which have balconies or patios, guests will find natural touches reflecting the property’s environment and modern amenities like high-definition TVs and ample storage space. For a more premium experience, reserve an Enclave-level room with access to a private lounge with food, drinks and a concierge; exclusive reservations and dining options; two private pool areas; and special fitness and wellness activities.
There are a whopping 13 bars and restaurants to enjoy, ranging from the chic La Luce Italian restaurant and must-have sushi at Noriku to an elegant steakhouse and a poolside seafood restaurant. If you prefer lots of options, be sure to visit Vela Norte, where a variety of international and Mexican dishes are available buffet-style.
Activities are seemingly endless at this Mexican resort. You can relax by the pools (one of which has a special splash zone for kids), hit up the neighboring Conrad’s spa for a treatment, take advantage of the kids and teens clubs, partake in a yoga class, learn about local art and so much more.
The Rif at Mangrove Beach Corendon Curacao All-Inclusive, Curio by Hilton
The Rif at Mangrove Beach Corendon Curacao. FACEBOOK
If you feel like you’ve already read about Mangrove Beach Corendon Curacao All-Inclusive, Curio by Hilton above, you have. The Rif is that resort’s sister property, but with a more adult-leaning attitude (though technically it’s family-friendly).
The 384-room beachfront resort feels more intimate than some all-inclusives, with four restaurants and one centerpiece pool framed with palm trees and rows of sun beds. When The Rif guests want more dining options and family-friendly amenities such as a water park and playground, they only have to walk next door to the sister resort, Mangrove Beach Corendon Curacao. Meanwhile, The Rif remains a haven of calm. The private beach, where guests sometimes swim with sea turtles, is a tropical paradise surrounded by the Caribbean Sea and lush mangrove forests. Thatched-roof cabanas and wood loungers with cushions are tastefully tropical. On-property restaurant options at The Rif include the Turkish restaurant Sofra and the colorful Mexican restaurant Maya, specializing in shareable small plates.
Many of The Rif’s bright, modern guest rooms have balconies or swim-up pool terraces. The resort is just over a mile from UNESCO-protected Willemstad, Curacao’s capital, known for pastel-colored colonial buildings and a 19th-century fort.
All 444 rooms and suites have balconies with ocean views. Each accommodation has a spacious bathroom with a walk-in shower, a minibar, a Nespresso machine and a smart TV to help you catch some z’s in comfort. Should you wish to upgrade your experience, book an Enclave room to receive a welcome amenity, nightly turndown service, a minibar with premium goodies, and access to the Enclave Lounge. Breakfast, coffee, snacks and happy hour beverages are served there daily.
Activities and amenities abound, but nothing tops sidling up to one of the two oceanfront infinity pools and grabbing an ice-cold margarita from the swim-up bar. The Eforea Spa deserves praise for its impressive treatment menu, plus rejuvenating hydrotherapy pools. For more action, participate in beach sports competitions or attend the resort’s nightly pool parties.
Make sure to bring a healthy appetite. Maxal is the place to go for authentic Mexican dishes, while La Luce will satisfy your craving for trattoria-style Italian fare. If you’d rather savor a mix of Southeast Asian flavors, check out Sunan. Not to be missed are the Mojito Lounge, where you can sip a cocktail from an indoor swing, and the chic Sky Bar.
Whether you’re traveling as a family or a couple without kids, know that there’s space for everyone. The resort has an adults-only wing and kids and teen clubs with age-appropriate activities.
DoubleTree by Hilton Bodrum Isil Club All-Inclusive Resort
DOUBLETREE BY HILTON BODRUM ISIL CLUB RESORT/FACEBOOK
Not all of Hilton’s all-inclusive resorts are in Mexico and the Caribbean; a handful can be found in Turkey, including in stylish, A-lister-approved Bodrum. One of the region’s best resorts is an all-inclusive take on the popular DoubleTree brand.
At the DoubleTree by Hilton Bodrum Isil Club All-Inclusive Resort, you can practice your backhand swing on a tennis court, play table tennis and lounge on the beach facing the Aegean Sea. Other highlights include a pool that looks out over turquoise waters and a kiddie pool with waterslides. There’s even an elevated spa with a full menu of treatments and a Turkish hammam.
When your stomach starts to grumble, you’ll have four dining outlets to choose from: an indoor-outdoor buffet open throughout the day, an Italian restaurant with beautiful outdoor seating, a seafood restaurant by the water, and a casual poolside spot for breakfast and snacks. The Sunset Lounge Bar is the most memorable of the three bars due to its location on a massive outdoor terrace.
Inside the 277 guest rooms and suites, you’ll find all you need for a restful night’s sleep. The predominantly white spaces come outfitted with minifridges, high-definition TVs, walk-in showers, and attached balconies or terraces, among other modern-day amenities.
Another great Turkish Hilton all-inclusive resort is on the Aegean in Mugla, east of Bodrum. The Hilton Dalaman Sarigerme Resort & Spa also sits at the mouth of the Dalaman River, so the views are stunning.
At this 538-room resort, accommodations come in all shapes and sizes, from entry-level king guest rooms with balconies to luxurious Lake House villas with swim-up pool access, living rooms and soaking tubs. If you need to accommodate a large group, the three-bedroom presidential suite sleeps 10 and comes with butler service and round-trip ground transportation from the airport, plus a kitchen and four bathrooms.
Getting bored at the Hilton Dalaman Sarigerme is practically impossible. There are 10 pools to explore, waterslides to whiz down, a private beach, a kids club and a sprawling 24-hour fitness center. Adrenaline junkies can try water sports like kiteboarding and windsurfing. If relaxation is what’s calling, skip the adventure and plan a day of pampering at the Elysion Spa.
Food and beverage options range from an Instagram-cool teppanyaki restaurant and a glitzy Italian eatery to a piano bar and an international buffet. If you feel sluggish, head to Citrus Coffee & Bar for an authentic Turkish coffee pick-me-up.
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