Yes. The 1.1-3.1% processing fee only applies if you use Payments by Booking.com. If you collect payment directly from guests at check-in or via bank transfer, the processing fee does not apply.
The trade-off is added operational complexity: you need to handle payment collection, manage no-shows, and deal with chargebacks yourself. For high-volume hosts with a channel manager already in place, direct collection can be worth considering. For lower-volume hosts, the chargeback protection and fraud coverage included in Payments by Booking.com may outweigh the processing cost.
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