Airbnb (ABNB) Introduces 'Reserve Now, Pay Later' Option in the US

Airbnb, Inc. (NASDAQ:ABNB) is one of the 10 Best Stocks for 5 Years (Long-Term Stock Portfolio). On August 14, Airbnb, Inc. (NASDAQ:ABNB) reported that it is introducing a new payment option called ‘Reserve Now, Pay Later.’

This feature by Airbnb, Inc. (NASDAQ:ABNB) provides greater flexibility, allowing guests in the US to book eligible domestic stays without paying anything upfront.

Through ‘Reserve Now, Pay Later,’ US travelers can reserve listings and pay later. The guests only need to pay before the free cancellation period ends. According to Airbnb, Inc. (NASDAQ:ABNB), this offers more flexible options for guests and it may also help hosts get more bookings.

The new payment option works with listings with a moderate or flexible cancellation policy. Cancellation policies set by hosts stay the same. Additionally, because guests must pay before the free cancellation period ends, hosts have enough time to find another booking even if a guest cancels.

Airbnb, Inc. (NASDAQ:ABNB) operates an online marketplace for short-and long-term homestays, experiences, and services in more than 220 countries and regions. The company charges a commission on each booking.

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Disclosure: None. This article is originally published at Insider Monkey.