If you’re a frequent user of Airbnb, there’s some good news for you. The company is introducing a new way for you to pay for rentals. Airbnb will now let you reserve accommodations by paying 50 percent upfront and 50 percent before you arrive.
The new feature, called Pay Less Up Front, will let customers stagger the cost of accommodation. This is perfect if you’re managing a budget, but want to make sure that you don’t lose your rental for your upcoming vacation.
Before this new feature was introduced, Airbnb rentals had to be paid 100 percent upfront for your stay. The company hopes that this new feature will encourage customers to pick pricier accommodations and allow users to make better choices when planning.
There are a few things to keep in mind in terms of requirements. Your rental has to be booked 14 days before check-in, and must cost at least $250. Even though the split payment between pay now and pay later is usually 50/50, but it may vary sometimes. The company noted that when given the option to pay less up front, 40 percent of customers did so.