A booking option offered to guests at a discounted price, typically requiring full payment upfront and non-refundable in case of cancellation.
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Glossary Term: Refund
11 posts
A reimbursement issued to a guest through the Stripe platform, typically in case of cancellations, booking changes, or security deposit returns.
A reservation type where the guest is charged the full amount upfront and is not entitled to a refund if they cancel, often offered at a discounted rate.
A booking type where guests are not entitled to a refund if they cancel, often offered at a discounted rate.
A policy outlining the consequences for guests who book a short-term rental but do not show up, typically involving partial or full payment forfeiture.
The terms and conditions that dictate the refund amount a guest receives if they cancel their booking, ranging from flexible to strict.
A cancellation policy that allows guests to cancel their reservation for a full or partial refund, depending on how far in advance they cancel.
A cancellation policy that allows guests to cancel their reservation and receive a full or partial refund up to a certain point before their scheduled arrival date.
The terms and conditions that dictate the refundability and penalties associated with canceling a confirmed booking.
The terms and conditions that outline the penalties and refunds for guests and hosts in case of booking cancellations on platforms like Airbnb and VRBO.
A set of rules that determine the refund amount a guest receives if they cancel their reservation, ranging from flexible to strict.