Who wants more direct bookings? Introducing our latest feature: Guest payment plans.
Guest payment plans allow you to offer flexible payment plans to direct booking guests. Most importantly, guest payment plans = more bookings.
Why you need guest payment plans
1. More bookings
Offering guests a payment plan reduces friction to book. Guests are more inclined to book your property when they only need to pay 50% upfront (for example).
When Airbnb rolled out guest payment plans, 40% of guests chose to do so, and opted for higher-value bookings on the whole.
2. More future bookings
According to Airbnb, paying less upfront encourages bookings further in advance. Compared with ordinary bookings, the Pay Less Up Front payment option led to bookings with nearly double the lead time, helping hosts to secure and manage bookings more easily.
3. Save money
Payment rules also reduce your transaction fee burden if a guest needs to cancel. It's cheaper for you to cancel a booking where you only collected 10% as opposed to 100%.
How do guest payment plans work?
Unsurprisingly, it's quite complicated. However, Uplisting does all the hard work for you (as normal!). Watch the video for a complete walkthrough.
Learn more on our Guest Payment Plan guide.