Airbnb is introducing a new way for users to pay for rentals, letting them reserve accommodation by paying 50 percent upfront and 50 percent before they arrive. The feature, called Pay Less Up Front, effectively lets customers stagger the cost of accommodation — perfect if you’re managing a budget but want to make sure you don’t lose the rental for your upcoming holiday.
Before this feature was introduced, rentals had to be paid for 100 percent upfront. Airbnb says it hopes the feature will encourage customers to pick pricier accommodation.
There are some requirements though: the rental has to be booked 14 days before check-in, and must cost at least $250. Airbnb also notes that the split between paying now and paying later is usually…