Kigo and YapStone announce the launch of Kigo Marketplace
Kigo and YapStone announce the launch of Kigo Marketplace, the industry’s first global platform for verified short-term rental businesses, armed with a deeply customized payment solution.
Kigo Marketplace is a global platform that enables property managers to optimize their management of short-term rental inventory and capture a larger percentage of booking fee revenue from guests. It replaces numerous, disparate point-products and features multi-currency payment and money transfer, enhanced fraud and chargeback mitigation, and intuitive guest communication capabilities. The platform also delivers cloud based-vacation rental software, channel management from one central location, intuitive websites, and best-in-class integrated payment solutions, through YapStone’s technology.
“Kigo Marketplace selected YapStone to power the payments functionality based on its extensive experience in our industry, partnership mentality, risk mitigation and broad end-to-end global payments capabilities,” said Matthew Hoffman, SVP of Kigo. “Combining with the payment capability of YapStone, tailored for the Kigo Marketplace experience, created the integrated experience our clients expect and simplifies the entire payments process.”
YapStone’s comprehensive payment technology enables global acceptance of card and alternative payment methods, while facilitating risk management through fraud risk scoring and high-risk transaction review. Global pay-out capability is deployed to provide funds to sellers in the marketplace.
Given the continued growth of the sharing economy, the global vacation rental market is predicted to reach $170B by 2019. Kigo Marketplace™ is primed to accommodate this demand.
“We’re excited to partner with Kigo to bring the most innovative marketplace and payments solutions to vacation rental owners and travelers globally,” says David Weiss, President at YapStone. “In addition, we’re significantly enhancing the customer experience for travelers. Kigo Marketplace demonstrates YapStone’s ability to provide premier, end-to-end payment solutions to partners including auto-onboarding, risk management, pay-in, pay-out, split payments, compliance, security and integrated customer support.”
Kigo offers online booking and channel management for vacation rentals. Vacation rental listings using Kigo can be automatically syndicated to hundreds of marketing channels and when a consumer clicks on a listing, they can book it online, view more information through a marketing website, check pricing and availability with prices adjusted in near real-time by a revenue management system, pay online, lease online with eSignature and purchase trip insurance. Currently, Kigo is used by more than 1,300 property management companies worldwide.
YapStone is a provider of market-tailored payment solutions for global travel marketplaces, property management software companies, and vacation rental platforms, powering electronic payments for sharing economy marketplaces, such as HomeAway and VRBO, and thousands of apartment and vacation rental companies.