It is always a good time to travel, although sometimes our pocket may not agree. But there is no doubt that we all could use a break from reality from time to time, significantly if we can save money.
That’s why there are companies that provide the BNPL service for travelers who commit to paying their expenses in set installments. Do you want to know more about this service? Here will tell you all you need to know.
BNPL Vacations
This service has taken a giant step post-pandemic, given people’s desire to see the “new” world. So lending companies are jumping at the opportunity and presenting their credit packages to save you money while you travel.
Companies like Affirm Zip (formerly known as Quadpay), Klarna, and AfterPay are some of the leaders in this market in the United States.
With their payment plans divided into four installments, they adapt to the consumer’s pocket and needs. Either by partnering with VRBO or AIRBNB, depending on each of the lenders.
So many travelers resort to these plans to enjoy and not worry about debts that will be collected with automated payments. This is a flexible period that varies depending on each of the platforms.
How does this system work?
These companies usually carry out this process through “loans” based on the rental of the destination. Where you are loaned the amount you are going to spend by making use of the application as a payment method.
The price rates may vary depending on the lending company since the APR may change as we discuss a loan system similar to the classic one. Although some have travel plans that serve without interest, others will have up to 30% APR.
In any case, you will only have to contact the platform and find out how it works and its requirements to complete this process. Likewise, as far as the installments are concerned since these are usually divided into four, with 25% of the payment as an advance. But they will vary depending on the company.
Book now, pay later, Airbnb
The private accommodation company AIRBNB offers a payment plan service. Likewise, there are also BNPL plans with Airbnb that will be explained below. Although they are not BNPL, they can fulfill your desire.
Airbnb payment plans
Airbnb payment plans are subdivided depending on the host since, in most cases, the division of the payments and the time of the same will depend on it. Although in any case, the full payment will always be made before the date taken.
In this case, you will have to pay a percentage of the total from when you choose the date. These percentages can vary from 25% to 50%, depending on the requirements of the host. So your destination will have much to do with how much you have to pay in advance.
Likewise, the rest of the payments will be divided on dates before your trip. So by the date of travel, you will already have to pay the full fee. However, as we have already said, all this will depend on the payment stipulations imposed by the host.
How to pay Airbnb with pay later?
Depending on the pay-later platform of your choice, you can pay Airbnb in installments. Most have a package of 4 installments divided into six months after your trip. So you can enjoy yourself without the need to worry about the economy.
Also, some platforms, like Sezzle, offer payment cards that act as credit cards. With these, you pay the total amount to Airbnb and will pay it in installments for a specific period.
Another company that uses this system is AfterPay. You can organize your trip with a card equivalent to your spending on Airbnb. And pay it in 4 installments divided into a total of 6 months, adjusting to your pocket.
Rates
In any case, the rates will depend on the credit company you choose. Each of them has specific penalties for users late, so before using any of these services, you should verify this.
Likewise, it will always be a good option if you plan to save money on your trip. The payment in installments allows you to organize strategically to meet each payment.
References
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“Shop Vrbo • Buy Now, Pay Later | Zip, Previously Quadpay.” Zip, Previously Quadpay, https://zip.co/us/store/vrbo.
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“Afterpay – Love the Way You Pay.” Buy Now Pay Later with Afterpay, https://www.afterpay.com/en-US/gift-cards/AIRBNB.
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“Shop Airbnb • Buy Now, Pay Later | Zip, Previously Quadpay.” Zip, Previously Quadpay, https://zip.co/us/store/airbnb.
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“Sezzle – Buy Now, Pay Later on Hotels by Booking with Sezzle.” Sezzle – Buy Now, Pay Later on Hotels by Booking with Sezzle, https://sezzle.travel.win/.