US: Portland-based vacation rental management company Vacasa has partnered with Affirm, a transparent alternative to credit cards, in order to provide flexible payment options to those planning their next vacation.
Now when booking on Vacasa, eligible travellers will be able to select Affirm at checkout, and split the cost of US vacation rentals into monthly payments over three, six, or 12 months with an APR as low as 0 per cent, according to the two companies.
For example, an $1,800 booking on Vacasa.com may be split into $300/month over six months at 0 per cent APR. Customers are shown the total cost of their purchase upfront, which will not increase as Affirm claims to never charge late or hidden fees.
Affirm can be used as a payment option at checkout online or in-store at over 6,500 merchants of varying categories and sizes.
Vacasa is one of the first vacation rental platforms to partner with Affirm, joining high-profile travel merchants including Expedia, Priceline, Delta Vacations, CheapOair, Karisma Hotels & Resorts and Great Wolf Lodge, and more. Offering Affirm will help merchants to increase cart conversion, average booking value, and repeat purchase rates.
Vacasa chief revenue officer Mike Dodson said: “Professionally managed vacation rentals have become the preferred accommodation type for travellers and we couldn’t be more excited to offer Affirm to Vacasa guests.”
Affirm CCO Silvija Martincevic said: “We want to ensure that those who book with Vacasa have flexibility throughout the booking process and become excited about their trip – without worrying about paying for their entire vacation up front.
“According to a recent Affirm survey, 49 per cent of consumers said they intend to travel more in 2021 and Vacasa’s booking data shows that vacation rental demand is on the rise. By giving travellers the ability to pay over time, our partnership with Vacasa will make their high-quality portfolio of vacation rentals available to even more consumers.
“In addition, consumers will have peace of mind while booking their travel and during their stay because they know that with Affirm, they will never be charged hidden or late fees,” added Martincevic.
Founded in 2009, Vacasa offers travellers professionally managed vacation rentals throughout North America, Belize and Costa Rica.