Booking Insurance Fee (guests)

We manage the booking and payment process, ensuring that payments are insured according to the accommodation's cancellation policy.

To ensure a seamless and secure booking experience, we introduce a flexible Booking Insurance Fee for our guests. This fee is meticulously designed to cover a range of essential services and costs, ensuring both guests and hosts enjoy peace of mind throughout the accommodation process. It's determined by an AI algorithm that dynamically considers various factors, such as:

• Transaction Costs: This covers all expenses related to credit card transactions, including daily exchange rates, ensuring a smooth payment process between our guests and us.
• Wire Transfer Fees: We cover the costs of transferring funds between our bank and the host's bank, ensuring seamless and efficient financial transactions.
• Countries Compliance: Each host country has its own legal requirements, and we invest both time and resources in consulting legal advisors to ensure compliance. While some countries have stricter regulations than others, this fee helps cover the associated compliance costs.
• Operational Expenses: A portion of the Booking Insurance Fee is thoughtfully allocated towards our operational costs. This includes the hard work and dedication of our volunteer team, who are committed to providing exceptional service and ongoing product development, as well as the essential expenses associated with maintaining our platform's servers. This comprehensive approach ensures we can offer a robust, secure, and continuously improving service, all while keeping our operational expenses low.
• Guest Support and Emergency Management: In the unlikely event that a host is unavailable on check-in day, our Guest Support team steps in to manage emergencies and secure alternative accommodations, ensuring no guest is left without a place to stay.
• Insurance for Guests and Hosts: We offer comprehensive insurance to protect against unforeseen cancellations. This guarantees payment or refund according to the cancellation policy without imposing additional fees on the guest.

Our approach ensures that every aspect of your stay is covered, from secure transactions to emergency support, all within a structure designed to support our community's unique needs.