You can read this to learn how to set up payment types for your GetYourGuide account.
Payment Types Overview
Suppliers signing up with GetYourGuide can choose between two primary payment types based on their location and currency:
- Bank Transfer
- PayPal (if available)
Bank Transfer Options
The bank transfer option is further divided into three sub-options to optimize the payment process and minimize fees for suppliers:
Local Bank Transfer: For suppliers located in the same country as the payment processing centre for selected currencies. AUD, BGN, CAD, DKK, GBP, HUF, IDR, ILS, INR, JMD, MAD, MXN, NOK, NZD, PLN, RON, SEK, SGD, USD.
SEPA Bank Transfer: For suppliers located within the Single Euro Payments Area (SEPA) zone + EURO currency.
International Bank Transfer: For suppliers outside the local payment and SEPA zones.
Automatic Payment Configuration
When a supplier selects the bank transfer option, the system automatically configures the most advantageous payment method based on the supplier's bank account country and currency to avoid unnecessary fees.
Here are some examples:
- Suppliers with a bank account in the SEPA zone + EURO currency will be configured for SEPA bank transfers.
- Suppliers with a local bank account in the same country as the payment processing centre will be configured for local bank transfers. (For selected currencies)
- Suppliers outside these categories will be set up for international bank transfers.
This automatic configuration ensures that suppliers benefit from the most cost-effective payment method available.
Frequently Asked Questions
How do I change my payment method?
To change your payment method:
Log in to your Supplier Portal.
Go to Account > Finance>Payment & Tax details
Click on "edit" Payment method and save changes.
Are there any fees associated with international bank transfers?
Yes, international bank transfers may incur additional fees. The exact fees depend on your bank and the intermediary banks involved in the transfer.
Conclusion
Understanding the payment options and the automatic configuration process helps ensure that suppliers experience a seamless and cost-effective payment setup. By automatically selecting the most advantageous payment method, GetYourGuide aims to minimize fees and optimize the payment process for suppliers.