Airbnb just released a new feature that is a game changer for your travel plans.
You can now book an Airbnb with a 50% deposit, which is a giant shift from the previous requirement of paying in full at the time of booking.
Instead of saving up the money for your dream vacation house only to find that it has already been rented for your travel dates, now you can claim that reservation with a 50% deposit.
The payments are set up as a 2-time payment plan. One at the time of booking with the second payment being due at a later date (determined by host).
Some important things to remember are that even though you can now reserve the dates, most Airbnb hosts do have a cancellation fee so make sure that you are sure before you book!
Airbnb stated that when presented with the opportunity to make a down payment, about 40% of users took that opportunity.
The feature is called “pay less up front” and will be presented on the check out screen when reserving your Airbnb.
In order to take advantage of the “pay less up front” feature, your stay must be 14 days out and a minimum of $250.
This newly added feature is right on the heels of the split payment feature. This ever popular feature allows you to only pay your portion of the Airbnb within their website and allows your travel guests to do the same.
This makes it much easier to travel in large groups!
The news of these two features not only makes it easier for guests, but more profitable for hosts as well. Hosts are now booking more dates in advanced and hosts of larger/more expensive rentals aren’t missing out on renters who prefer to pay the total over time.
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