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Airbnb is a top-tier choice for renting property as it offers different payment plans suiting everyone’s needs. It makes booking and accommodation easy and manageable for the host and guest.
It is also cheaper for guests planning a longer stay and wanting to manage their expenses.
It allows you to choose a portion of the total cost before finally paying the full amount. If you’re worrying about not having enough funds or what plan is suitable for you, we will discuss that.
In this article, we will share the payment plan options for guests, the eligibility, and the payment methods Airbnb is currently accepting.
Understanding Airbnb Payment Plans
The payment plans offered by Airbnb allow the guests flexible and convenient payment. Different payment plans can be anchored to the preferences and needs. These determine how and when you must make payments for your bookings.
Payment Plan Options for Guests
Airbnb offers different payment plans to accommodate various needs and preferences. Here are the main payment options:
Pay in Full
It is the most common payment plan on Airbnb. When booking a reservation, you pay the total amount upfront, including the accommodation cost and applicable fees.
This option will let you secure your reservation immediately. Some hosts may offer friendly discounts and cancellation policies for guests who pay in full.
You also gain priority access, and the host may prioritize your bookings over others who paid in partial.
Partial Payment
A host can accept partial payment until the guest completes the remaining balance before check-in.
Pay part now; part later is a payment plan that Airbnb offers where you can pay half at the time of the booking and then the remaining until you fully pay the cost.
This option allows you to reserve the place without paying in full. To avail of the “Pay Part Now, Pay Later” option on Airbnb, you can follow these steps:
- Find a listing: Start by searching for a listing on Airbnb that offers the “Pay Part Now, Pay Later” option. To find this payment plan, you may filter your search results for a quick check.
- Select your preferred date: The next thing to do is to decide the date you wish to stay and proceed to the booking page for the listing.
- Choose the “Pay Part Now, Pay Later” option: You should see the payment options on the booking page. Look for the “Pay Part Now, Pay Later” option and then select it.
- Review payment details: Airbnb will show you the payment breakdown and how much you need to pay upfront, including the remaining balance to be paid later. Read and check the payment details very well to be sure everything is clear.
- Make the initial payment: Follow the prompts to make the initial payment required to secure your booking. This payment is typically a percentage of the total amount.
- Pay the remaining balance: Airbnb will send you a reminder about completing the payment and the balance due on your check-in date.
Flexible Payment
It is excellent news for travelers who love and prefer long-term stays over short-term ones because Airbnb offers flexible payment.
Instead of paying it all immediately and immediately, you can pay them little by little until you fully pay the amount.
This payment plan has eligibility criteria, such as the minimum stay requirement. It can also depend on the host whether they allow installments.
Currently, Airbnb offers Pay Over Time with Klarna. This payment plan is now available in the UK and US, but stay tuned for Airbnb updates about this in your location.
To avail of the “Pay Over Time” option with Klarna on Airbnb, you can follow these steps:
- Find a listing: Find a listing that offers the “Pay Over Time” option and then filter your results to see listings that offer this payment option. Also, select your chosen date.
- Apply for Klarna financing: You will be redirected to the website where you are to complete the financing application process. Fill in the required information you are being asked for and follow the instructions to apply for Klarna financing.
- Get approved: Klarna will review your application and determine if you are approved for financing. If approved, you will receive a credit limit and information on how to proceed with the payment.
- Complete the booking: After you are successfully approved for Klara financing, return to Airbnb to complete your booking. Then, choose Klarna as a payment method to complete your payment. You can repay the amount in installments.
What are the Requirements for Payment Plans?
Unfortunately, not everyone is qualified to avail of the other payment plan Airbnb offers, but there are criteria you can try to check.
Before attempting to book a property, don’t forget to read if your reservations meet the requirements. It also differs from region to region, and here are some common factors to consider when choosing a payment plan:
Booking Amount
Some payment plans, such as the “Pay Over Time” option, may require a minimum booking amount. It ensures the payment plan is available for reservations of a specific value.
For your booking amount to qualify for the particular payment plan, your reservation must at least have a total value of $50 and above.
Booking Timing
Don’t forget to check your payment plans to see if they align with your booking timing because there are a few specific requirements for other reservations.
Such as the day of your reservation you were starting at least 14 days in the future and whether you have chosen a long-term or short-term stay.
Host Preferences
The availability of payment plans can also depend on the individual host’s preferences. Some hosts may choose to offer payment plans for all their listings, while others may not provide this option.
Location
Payment plans, such as the Pay Over Time with Klarna, can vary depending on location. It is currently available in the US and Canada.
They can apply in four interest-free installments over six weeks for over $500. On the other hand, Airbnb pays part now, and pay-per-later is available on different continents worldwide.
Always check the eligibility when availing of any payment plan to find the best choice for your subsequent bookings.
Which Payment Methods Are Accepted in Airbnb?
Airbnb offers different payment methods and accepts payment through credit cards, debit cards, bank accounts, Apple Pay, Google Pay, and PayPal.
If you haven’t included a mode of payment in Airbnb, just go over to the Payment Methods. Choose the payment type you will use for booking and then fill in the required information.
Airbnb may need to verify your payment method for security and ensure your account information is safe.
Conclusion
Airbnb payment plans allow guests to pay in installments or partially, making booking convenient and suitable for every tight-budget traveler who wants to make the best of their trip.
Understanding how these payment plans work and the requirements needed to check if you’re eligible is essential.
Also, don’t forget to check your location to see if that kind of payment plan is offered so you can find other ways to pay.
Whether you are a host or a guest, this ultimate guide will help you choose a suitable plan for booking and accommodation in the future.
