The Cost Savings Calculator
Take just a few moments to calculate your time and cost savings with Mews Payments.
Mews Payments
Why more than 12,500 customers love Mews
34%
reduction in no-show revenue loss, with pre-arrival card charges processed by Mews Payments.*
24%
more productive front-desk staff when using Mews Payments.*
35%
more time that staff are spending with guests due to automation.*
*IDC White paper on Business value of Mews and Mews Payments
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Mews Payments makes processing transactions fast, seamless and secure - saving you both time and money.
FAQs
How accurate are the results provided by the calculator?
The results provided by the calculator are illustrative estimates based on typical rates and assumptions – they are not binding. While we strive for accuracy, actual rates may vary depending on factors such as transaction volume, payment method, currency and other considerations.
For a precise quote tailored to your business, we recommend reaching out to our sales team who will be happy to discuss your unique needs and how Mews can help.
How do you calculate cost savings?
We analyze tasks that take the most time for your team to complete as these directly impact the cost of running your business.
Check out the sections below for more details in specific areas.
Front-desk savings
Mews Payments automates front-desk staff’s repetitive and time-consuming daily tasks such as processing payments.
Cost savings are based on your occupancy, hourly front-desk labor costs and the amount of transactions that front-desk staff would typically process in an hour.
Back-office savings
Mews Payments enables you to eliminate the daily payment reconciliation tasks undertaken by your back-office staff so they can focus their efforts on other areas of the business.
Back-office cost savings are calculated by considering your hourly labor cost and number of properties.
No-show costs
These savings are calculated using your occupancy and average daily rate.
You can automatically charge customers if they don’t show up, in line with your no-show policy.
How do you calculate Mews Payments fees?
Mews Payments fees are calculated using Blended and Interchange++ models depending on the payment type. You can learn more about both models below.
Blended fees
Blended fees are when you’re charged one flat fee regardless of payment type, input method, location of card issuer, or any other common variables. This fee is negotiated upfront and is typically used for American Express, Diners Club, Discover, JCB, UnionPay.
Interchange ++
This model is applied when using Visa or Mastercard payment methods. Interchange ++ fees are a combination of the following charges:
- Interchange and scheme fees: These fees are taken by the banks and card networks – they are not controlled by Mews.
- Mews commission: This fee allows us to continue to provide you with secure, innovative and time-saving payment processing.
- Tokenization fee: Finally, a one-time card protection and tokenization fee is charged for every card tokenized and stored in Mews. The process ensures you’re PCI-compliant and your guests’ payment details are safely encrypted.
- This is an additional fee and not included in either the Blended or Interchange ++ model.
Please note Multicurrency fees are not included within this breakdown.
How can Multicurrency generate revenue?
Multicurrency by Mews Payments gives international guests the option to pay in their home currency, and it enables you to boost revenue through retaining a portion of markup fees that are usually kept by card issuers.