We are fans of Airbnb and are thrilled they are offering the new payment option. Now you can pay a deposit at the time of booking (usually 50 percent) and the remainder closer to check-in.
Airbnb claims the new feature extends their commitment to providing flexible payment options to more guests and greater opportunities for the hosts. While in the test mode Airbnb found about 40 percent of guests chose the new option. Not only that, they opted for higher-priced bookings. They found the new feature encourages bookings further in advance, in fact nearly double the lead time. This in exchange, helped hosts secure and manage bookings better.
Read the press release here.
NOTE: The new option does come with a couple restrictions. The total stay must exceed $249 dollars and must be booked 14 days in advance of check-in. Airbnb does off the ability to split payments between travelers – up to 16 total. This is great if one person doesn’t want to get stuck collecting money from fellow travelers.
TIPS: When booking Airbnb use the filters to choose exactly what you want. If you don’t choose ‘ENTIRE PLACE’ you could be sharing a living space and bathroom with the host. Always read the fine print, sometimes they might post 2 bedrooms but one of the bedrooms could be the living area. Reviews are a good source of information and we encourage you to leave a review after your stay to help other travelers. Keep in mind that many hosts charge a cleaning fee and deposit.