Airbnb Expands Its "Reserve Now, Pay Later" Globally

Airbnb expands its "Reserve Now, Pay Later" globally

The feature allows users to cancel eligible bookings if there is a change of plans -- without losing money upfront.

Airbnb Expands ‘Reserve Now, Pay Later’ Option Worldwide

If you’ve ever tried to coordinate a family trip or a large group getaway, you know the drill: You find the perfect house, everyone agrees, and then you have to pay a big lump sum upfront — sometimes 50% of the rental cost. Suddenly, the excitement of booking turns into a logistical headache, trying to get everyone on board and agree on how to split the cost. Airbnb introduced a “Reserve Now, Pay Later” option in the U.S. last summer to simplify…

Airbnb Expands Reserve Now, Pay Later Globally

Airbnb Inc. has expanded its Reserve Now, Pay Later booking option worldwide. The service enables travelers to reserve properties and rooms without an upfront payment to reserve the space. Full payment is due prior to the closing of the free cancellation window, which is set by the property owner. The service is available for properties listed on Airbnb that have moderate or flexible cancellation policies. Airbnb is a global online marketplace t…