Recently on Monday, Airbnb launched a new feature on its platform known as Pay Less Up Front, this feature on Airbnb provides guests and users to pay a part of the entire amount at the time of booking and the rest of the amount can be payable later. This new feature “Pay Less Up Front” is focusing on providing Airbnb users with flexible payment options. According to an Airbnb spokesperson, this feature is currently available on iOS, Android, mobile website, and desktop but will not be applicable to bookings done in India, Brazil, and China. The new Pay Less Up Front service by the American company will enable users to pay a partial upfront amount at the time of booking, and the rest will be payable “closer to the check-in date”. To qualify for Pay Less Up Front, the total stay will need to have a minimum amount of $250 (roughly Rs. 16,000). Moreover, the trip needs to book at least 14 days from the check-in date in order to qualify.
In a blog post, Airbnb announced the feature by mentioning “Pay Less Up Front helps our hosts as well. Given the ability to pay in installments, hosts won’t lose out on bookings from cash flow-sensitive guests who prefer not to pay the entire amount up front. What’s more, we’ve found that Pay Less Up Front encourages bookings further in advance: Compared with ordinary bookings, the Pay Less Up Front payment option led to bookings with nearly double the lead time, helping hosts to secure and manage bookings more easily.”
Previously, Airbnb launched Virtual Reality and Augmented Reality features on its platform to provide better interface to the users. This service improved the user experience and allowing guests to have immersive experience while checking out the properties, homes, cities, related to their preference.