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Regardless of where you reside, there are a variety of Airbnb payment options available to you. Aside from credit and debit cards, PayPal is a common, simple, and secure way to fund your Airbnb vacation.
PayPal prioritizes seamless and flexible payments. With their different Buy Now Pay Later features you can enjoy your vacation now and pay later. Find out all you need to know.
What Is PayPal Pay in 4 Option and How Does It Work?
PayPal offers two different types of Buy Now Pay Later options including Pay in 4 and Pay monthly.
“Pay in 4” is one of the lesser-used buy-now-pay-later installment payment options. It allows customers to split their purchases into four equal payments.
This is then charged to their PayPal account or linked debit or credit card every two weeks. The Pay In 4 option is designed to provide more flexibility to shoppers.
This way you can spread out payments for their purchases of products or services over time. You can use this service without incurring interest or fees if payments are made on time.
With PayPal, you can pay later with several top brands including Airbnb.
Does Airbnb Accept Paypal’s Pay in 4?
The answer is Yes. Airbnb accepts all PayPal payment methods like Pay in 4. You can simply link your PayPal account to your Airbnb account. This makes things much more straightforward to use the option.
You can find your ideal vacation property and pay for it easily. Additionally, you can rest easy throughout your transactions thanks to PayPal’s Buyer and Seller Protection features.
What are the Eligibility Requirements for PayPal’s Pay in 4 for Airbnb?
First, to access this option, you must have a PayPal account. The account should be linked to your Airbnb account.
Your PayPal account must also be linked to an accepted payment method. It could be a bank account, credit card, or debit card.
Also, not all PayPal users may have access to the “Pay in 4” option. Currently, residents of some states are not eligible for Pay in 4. Although Airbnb accepts PayPal as a payment method, it is available in select countries.
If PayPal is an option for you, you can select it on the checkout page. The merchant determines whether the offer is available. Also, to apply, you must be at least 18 years old.
PayPal determines eligibility based on factors such as account history, creditworthiness, and the total cost of the purchase.
A soft credit check may be required throughout the application process. Failure to do this might lead to your application being denied but it won’t lower your credit score.
You can select the Pay in 4 option with confidence that it won’t affect your credit score.
“Pay in 4” is typically available for purchases within a certain price range. Pay in 4 options can be used for purchase Amount $30 to $1,500. You may also only utilize Pay in 4 at specific merchants that accept PayPal.
The option supports not just the USD, but all the supported currencies via PayPal can be used for transactions. PayPal will automatically convert foreign currency transactions to US dollars at the point of sale.
Thereafter, you’ll be presented with your Pay in 4 plan.
The total purchase amount is divided into four equal payments. One of the key benefits of “Pay in 4” is that it doesn’t charge any interest on the payments. However, keep in mind that if a payment is missed, late fees may apply.
How to Pay with Paypal’s “Pay in 4” for Airbnb
To pay for an Airbnb reservation using PayPal’s “Pay in 4,” follow these steps:
Select Payment Method
During the booking process on Airbnb, you have to select a payment method. When you reach the payment section, choose PayPal as your payment method.
Log in to Paypal
You’ll be redirected to the PayPal login page. Log in to your PayPal account. To use “Pay in 4,” customers need to have a PayPal account. You will also need to link a debit or credit card as a backup payment method in case of any payment issues.
Choose the “Pay in 4” Option
If your PayPal account is eligible for “Pay in 4,” you should see this option during the payment process. Select “Pay in 4” as your payment option.
Review and Confirm
Review the payment details and the payment schedule for the “Pay in 4” plan. Confirm that the details are correct.
Complete your Payment
Once you’re satisfied with the details, complete the payment process. PayPal will set up a payment schedule for the remaining installments.
While there are no interest charges associated with “Pay in 4,” there may be late fees if payments are missed or not made on time. These fees depend on the terms set by PayPal.
Follow Payment Schedule
Make sure to follow the payment schedule provided by PayPal. Typically, “Pay in 4” divides the total amount into four equal payments.
The first payment is due at the time of purchase and the remaining three payments are scheduled every two weeks. For instance, if you’re booking an Airbnb that’s worth $800, you’d pay $200 at checkout.
Subsequently, three additional payments of $200 will be deducted in two-week intervals.
This gives a total repayment method of six weeks. The remaining three payments are scheduled to be automatically deducted from your linked payment method every two weeks.
You’ll be informed about the payment schedule and receive reminders before each payment is due. For subsequent payments, you can use the convenience of autopay to do it safely in the app or online.
In the same way, you can also manage your payments by keeping tabs in the app or online.
NOTE
Not all PayPal accounts might have access to the “Pay in 4” feature as eligibility criteria may apply. If you have any questions or encounter issues during the process, it’s best to reach out to PayPal’s customer support for assistance.
Is Paypal’s Pay in 4 for Airbnb Worth It?
One of the main benefits of using Pay in 4 is you’re not charged any interest or additional fees. Although, a downside is that it is not available on purchases over $1,500. You must also pass a soft credit check to be approved.
Consider your current financial situation and whether you have the means to make the full payment upfront. Using PayPal’s Pay in 4 can help you spread out the cost of your booking over multiple payments.
This could be beneficial if you’re facing budget constraints. If you’re uncertain, you could reach out to Paypal’s customer support to make an informed decision.
Aside from Airbnb, there are other Buy Now Pay Later options to fund your vacation. You have more options besides PayPal Pay in 4 for paying for later services. You could consider using Klarna, or Zip.
These services work very similarly to PayPal Pay in 4 services. They allow you to split up your payments into several monthly payments.
PayPal Pay in 4 can be a convenient way to finance your Airbnb for six weeks if you’re eligible. However, be careful not to allow the BPNL rav to lead you to spend more than you can afford to repay.
