Airbnb has introduced a new “reserve now, pay later” option that lets users in the US book a reservation without paying right away. Instead, users can put off their payment to a later date before check-in.
Airbnb says it will require payment before the end of a stay’s free cancellation period, ensuring “hosts have time to secure another booking even if a guest cancels.” The option is only available for stays in the US with a moderate or flexible cancellation policy. Airbnb also notes that it will still charge upfront for travel insurance, climate contribution, or other optional add-ons.
While Airbnb already offers a “pay part now, pay later” option, which allows users to pay part of their bill at checkout and the rest before check-in, this new method means users don’t have to make a payment at the time of booking at all. Airbnb offers payments with the buy now pay later service, Klarna, as well.
Read the full article here
