Airbnb will allow US users book stays without paying upfront

Airbnb has launched a new feature called “Reserve Now, Pay Later” that lets users in the U.S. reserve a property without paying upfront, potentially allowing people to cancel their bookings with less hassle if their plans change. The feature is applicable to properties that have a “flexible” or “moderate” cancellation policy. Flexible policies let users cancel their reservation up to 24 hours before they check-in, while moderate policies allow for no-fee cancellations until five days before check-in. Users will need to pay the full amount for their booking before the listing’s free cancellation period ends. Airbnb will send users a reminder to pay before that date. Image Credit: Airbnb The company is not new to the buy-now, pay-later arena. In 2018, it launched a…