WSGF - Vaycaychella is Building Global Payment Solutions for Airbnb, Booking.com and VRBO Hosts
December 17 2020 - 8:50AM
InvestorsHub NewsWire
Dallas, TX --
December 17, 2020 -- InvestorsHub NewsWire -- World Series of Golf,
Inc. (OTC
Pink: WSGF) ("WSGF"), in conjunction with its new Vaycaychella
subsidiary, today highlighted the company’s ongoing global payment
solutions developments.
WSGF recently
acquired Vaycaychella, a three-year-old operation focused on
financing short-term vacation rental properties outside of
conventional financing channels. Vaycaychella's mission is to
empower entrepreneurs looking to get into the short-term vacation
property rental business marketed through sharing technology apps
such as Airbnb, Booking.com and Vrbo. Vaycaychella is scaling
its operation with the introduction of a sharing economy P2P
technology to connect entrepreneurs (“rentrepreneurs)” seeking to
acquire short-term rental vacation properties with investors to
back them.
WSGF is in the
process of making a corporate name change in conjunction with its
new Vaycaychella business focus.
While the P2P
application (app) to connect rentrepreneurs with investors is the
core of Vaycaychella’s strategy, management is wrapping that core
with additional services essential to the ultimate success of
rentrepreneurs as short-term vacation property
hosts.
First among
those additional services are global payment solutions. A
host’s ability to receive and make payments associated with
operating one or more short-term vacation properties is not
trivial, and the complexities increase when income and expenses
cross international borders.
Yesterday,
Forbes published an article addressing the challenges associated
with the global payment system for short-term vacation property
owners and operators.
The article
features the likelihood of increased global business and leisure
travel in 2021 after the rollout of the Covid vaccine, and then
goes on to highlight the corresponding challenges facing short-term
vacation property operators in regard to their dependency on the
global payment system. The article specifically addresses the
complexity of financial systems in emerging markets, the risk to
payment systems from organized hacker attacks and the expenses
associated with multiple currency exchanges.
Vaycaychella
plans to first launch an international Visa Card solution for hosts
designed to both safely facilitate receiving payments as well as
making necessary purchases to support their short-term rental
operations. The Visa Card solution for hosts is only the
beginning of Vaycaychella’s planned global payment system solutions
to support rentrepreneurs. Developments, for instance, are underway
to provide revolving credit services to help operators manage cash
flow. Vaycaychella is also working to create a pre-paid Visa Card
services hosts can in turn offer to customers traveling
internationally and in need of managing currency
exchange.
To learn more
and keep up with the latest updates at Vaycaychella, visit
https://www.vaycaychella.com/. At the company website,
you will find a blog with frequent industry publications on the
short-term rental market in general, as well as entries specific to
Vaycaychella.
Disclaimer/Safe
Harbor: This news release contains forward-looking statements
within the meaning of the Securities Litigation Reform Act. The
statements reflect the Company's current views with respect to
future events that involve risks and uncertainties. Among others,
these risks include the expectation that any of the companies
mentioned herein will achieve significant sales, the failure to
meet schedule or performance requirements of the companies'
contracts, the companies' liquidity position, the companies'
ability to obtain new contracts, the emergence of competitors with
greater financial resources and the impact of competitive pricing.
In the light of these uncertainties, the forward-looking events
referred to in this release might not occur.
WSGF
Contact:
William "Bill" Justice
bill@vaycaychella.com
(800) 871-0376
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