Airbnb introduced a "Reserve Now, Pay Later" feature in the U.S., enabling users to reserve properties without upfront payment. This feature applies to listings with flexible or moderate cancellation policies. Flexible policies permit cancellations up to 24 hours before check-in, while moderate ones allow cancellations until five days prior without fees. Full payment is required before the cancellation period ends, with Airbnb providing reminders to users. A survey suggested that many travelers prefer flexible payment solutions to prevent missing out on properties due to payment difficulties.
Airbnb's "Reserve Now, Pay Later" feature allows U.S. users to book accommodations without paying upfront, easing cancellation if plans adjust.
The feature applies to properties with flexible or moderate cancellation policies, enabling users to cancel with minimal fees.
Users must pay in full before the free cancellation period ends, with reminders sent by Airbnb to facilitate timely payment.
A survey indicated that 55% of participants preferred flexible payment options, with 42% missing reservations due to payment logistics.
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