Airbnb is launching a new payment option that allows travelers to book accommodations without paying the full amount upfront.

"Reserve Now, Pay Later" is now available to customers in the U.S. booking eligible domestic stays on the Airbnb website or app.

The company said you can use this payment option for listings with flexible or moderate cancellation policies. The full rental amount won't be due until shortly before the end of the listing's free cancellation period.

No credit check is required to use the feature.

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Host cancellation policies remain unchanged, and Airbnb said, because the payment from guests is always due before the free cancellation period ends, hosts have time to secure another booking even if a guest cancels.

Airbnb said it hopes this new payment o

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