Airbnb Launches Feature That Allows Booking Without Paying Upfront

The 'Reserve Now, Pay Later' feature is only an option for properties that have a "flexible" or "moderate" cancellation policy.

Airbnb has launched a new feature that allows users to book a property without paying up-front.

The ‘Reserve Now, Pay Later’ feature is only an option for properties that have a “flexible” or “moderate” cancellation policy.

Flexible rentals allow users to cancel their reservation up to 24-hours before they check in, while moderate policies allow for no-fee cancellations until five days before check-in.

The new feature aims to lessen the hassle of allowing people to cancel their bookings if their plans change.

However, users must pay the full amount for their booking before the listing’s free cancellation period ends. A reminder will be sent before that date.