Updated: Aug 16, 2019
We are very excited to announce a new payment method for renters that and a new perk for homeowner that will increase your reservations and revenue.
Renters will soon be able to book a reservation and instead of paying the full amount upfront they will be able to make easy installment payments instead. For homeowners, there is no additional cost to you and you will receive your payment in full at the time of the booking. Below are some of the features of the new payment option for renters.
Benefits For Homeowners
*100% immediate full reservation payment paid to the homeowner * 0% Risk to the homeowner for any chargebacks, fraud, delinquencies and default by guests. * 26% higher average transaction value due both to upgraded trips and longer stays
* 41% earlier average booking window
* 50% increase ancillary guest benefits
Benefits For Guests
* Low fixed monthly payment * Ability to pay the loan with a Credit card * Clear upfront trip financing throughout the process
* Access to great rates - APRs starting at 8.99% * Loan between $300 - $15,000 for maximum flexibility * Only one-day advance purchase before vacation
Please see the images below of how the payment option will appear on your listing.
There is nothing you need to do. We will be testing the system with our CSR's manually and after a 30 day trial will look at integrating this payment option into our website and reservation platform.