What does the expression 'Prepayment' mean in hotel booking terms?
I've made a booking for a weekend in Holland online via ebookers. When I completed the transaction and looked at the final receipt, it said "prepayment required" ... does that mean I need to pay at the desk at the end of my stay or does it mean I've paid already when I made the booking online and won't be charged when I leave ?
Best Answer
From ebookers.com:
For all products apart from certain hotels full payment is required at the time of booking in order secure your reservation.
For hotel rates that do not require prepayment, your credit or debit card typically would be charged at check-out.
From the above, it clearly means that you have fully paid for the hotel already, and you will not have to pay anything at checkout time, unless you have ordered room service or anything else that requires payment.
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What is prepayment booking?
During the booking process, guests use their cards to pay for part of a reservation, often just the first night. Prepayment is usually for partially refundable or non-refundable bookings. So if the guest cancels, they won\u02bct get that amount back.What does no prepayment mean at a hotel?
This answer is not useful. Show activity on this post. From ebookers.com: For all products apart from certain hotels full payment is required at the time of booking in order secure your reservation. For hotel rates that do not require prepayment, your credit or debit card typically would be charged at check-out.What does no prepayment mean on booking?
That Means: A customer books a stay at your property. Booking.com facilitates an online payment for the guest*. You receive the payment by bank transfer.What does full prepayment mean?
Full Prepayment . Any payment of the entire principal balance of a Mortgage Loan which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.What does the expression 'Goldilocks' mean?
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Answer 2
The term Prepayment covers any payment made prior to arriving at the hotel. From ebookers.com terms it seems that their prepayment is done at the time of booking. Others such as Agoda have a variable policies as to when they will bill your credit card, sometimes at booking, sometimes at a set date prior to your arrival (like a week before or two weeks before, etc).
Paying when you check into the hotel would not be considered prepayment.
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