It’s important to understand the various payment structures and fees associated with Lake to maximize your earnings and provide a seamless experience for guests.
Receiving Secure Payments
Lake operates a secure payment system with payments processed by Stripe, an industry leader. All card numbers are encrypted at rest with AES-256. Lake’s payment system lets you list your properties, accept online bookings, and send payment requests to guests.
Lake charges a 10% commission fee on the rental amount as part of our pay-per-booking model and a guest service fee of 3% of the booking subtotal.
Guest Service Fees
Lake charges guests a guest service fee to guests who book through their site. This fee is 5% of the total booking amount and helps cover Lake’s cost of doing business, including customer support, marketing, and facilitating secure transactions.
Example of a Booking
For illustration purposes, a guest books a room listed at $250/night for 4 nights.