Revolutionising Hospitality Payments: Stored Unveils A Streamlined Future

2 minute read

As hospitality businesses are diversifying their revenue streams beyond conventional in-store sales, incorporating new offerings like meal kits, merchandise, events, and experiences, the demand for efficient digital engagement and payment solutions is more pronounced than ever. Traditional e-commerce platforms, by their complex nature, require time and expertise and have become stumbling blocks in this pursuit.

Stored emerges as the catalyst for change, eliminating these interruptions and leading a new era of seamless online transactions. With Stored, businesses can effortlessly launch online sales for their services and products within seconds, establishing instant connections with their community and customers. Say goodbye to the complexities of traditional platforms and embrace a future where engaging your audience and processing digital payments are fast, accessible, and remarkably simple.

NAVIGATING PAYMENT AND COST CHALLENGES: A DEEPER INSIGHT

Let's consider a common scenario where a hospitality business aims to secure pre-payment for a series of small events or experiences. Currently, these businesses are hesitant to commit the time, expenses, and complexities associated with establishing a comprehensive e-commerce storefront for digital payments. Instead, they explore various alternative payment options.

Creating Event Page: The Costly Trade-Off for Hospitality Businesses

Establishing event pages has become a common practice for businesses in the hospitality industry. However, this seemingly straightforward method introduces a series of challenges. For many hospitality businesses managing small-scale events, the requirement of a ticket may not be necessary. Equally these businesses often drive sales from their own community of customers and social followers, meaning the high commission rates ranging from 8-15% feel like an unreasonable cost to bear.

Phone Call for Payment: A Double-Edged Sword of Inconvenience and Risk

The conventional approach of managing payments over the phone, while offering a personal touch, comes with its own set of challenges. Beyond the apparent inconvenience for customers, this method necessitates extra staff to facilitate the management of sensitive data, leading to heightened operational costs and risks.

Payment by Link: Balancing Act of Customer Burden and Operational Costs

One other option for hospitality businesses is "Pay by Link". While seemingly convenient, it places the burden on customers to reach out and request bookings actively. This not only results in increased operational costs but also introduces inefficiencies in the reservation management process. The need for additional staff to handle the communication and coordination associated with this method adds another layer of complexity, further driving up costs for businesses striving to streamline their operations. By its very nature, it is designed as a request to pay, which means that it is difficult to scale or to share with large groups of customers.

STORED'S CUTTING-EDGE SOLUTIONS FOR HOSPITALITY SUCCESS

In the dynamic landscape of the hospitality industry, Stored emerges as a beacon of innovation, offering a suite of solutions designed to tackle the payment and cost challenges faced by businesses. Our commitment to streamlining operations and enhancing customer experience is reflected in the following innovative offerings:

No Website? No Problem: Empowering Businesses with No Code Simplicity

Stored's no-code, drag-and-drop platform revolutionises the way businesses generate payment links for events and experiences. In a world where technical expertise often poses a barrier, our intuitive solution allows businesses to quickly create branded, experiential payment links without the need for intricate coding knowledge. This not only saves time but also opens doors for businesses to explore new revenue streams effortlessly.

Share Links Anywhere: Accessibility Redefined

Stored allows businesses to effortlessly create and share payment links via any channel, be it email, text, or across social media and websites. This unparalleled accessibility ensures that customers can make payments from anywhere, breaking down geographical barriers and expanding the reach of businesses without any human intervention.

Two-Tap Checkout: Speeding Up the Payment Process

In the fast-paced world of hospitality, speed and efficiency matter. Stored introduces a streamlined checkout experience with its two-tap checkout functionality. Designed for both speed and conversion, this feature simplifies the payment process for customers, making it a hassle-free experience. Say goodbye to complex and time-consuming transactions; with Stored, seamless payments are just two taps away.

Affiliate Programs: Measurable Performance and Trackable Links

Measuring campaign performance and determining success have always been a challenge for hospitality businesses. Stored now empowers these establishments to craft distinctive marketing links for various channels, allowing them to identify the most effective strategies and optimize their efforts and resource allocation. The unique marketing link capability also facilitates the seamless design of affiliate programs, fostering commission-based collaborations for campaigns.

RESULTS SPEAK LOUDER: INCREASED CONVERSION AND BEYOND

As a testament to Stored's efficacy, the owner of Cheeky Clucker, a fried chicken and cocktails restaurant and bar located in Kent, expresses, "Stored enables us to swiftly and effortlessly generate payment links for any event, at a minimal cost and without the necessity of a conventional e-commerce site. For our customers, it's a two-tap checkout, no hassle, and for us, we get more bookings through the door."

Stored goes beyond merely addressing payment challenges; it collaborates with businesses across diverse industries, fostering growth with a focus on:

  1. 90% CTR Success: Remove affiliate link interruptions, reduce load times, and increase conversion.
  2. 3X Speed to Checkout: Reduce customer actions and take them straight to a two-tap checkout for a faster and smoother experience.
  3. 100% Trackable: Eliminate the need for third-party cookies, ensuring every sale is tracked and confirmed.

Stored isn't just a payment solution; it's a strategic partner paving the way for a smoother, more efficient future for businesses in the hospitality sector and beyond.