Business
Affirm and Vacasa Partner to Offer Flexible Vacation Rental Payments
Travelers Can Now Pay for Vacasa Vacation Rentals Over Time Without Hidden or Late Fees SAN FRANCISCO--(BUSINESS WIRE)-- Today, Vacasa, a leading vacation
About this update from Affirm Holdings, Inc.
[{"type":"text","content":"\nTravelers Can Now Pay for Vacasa Vacation Rentals Over Time Without Hidden or Late Fees\n\n SAN FRANCISCO--(BUSINESS WIRE)--\nToday, Vacasa, a leading vacation rental management platform in North America, and Affirm, a transparent alternative to credit cards, announced the companies have partnered to provide flexible payment options to those planning their next vacation. Through the partnership, Affirm will expand its travel category and increase payment flexibility to more vacation rental guests.\n\nFounded in 2009, Vacasa offers travelers thousands of professionally managed vacation rentals throughout North America, Belize and Costa Rica. Each home Vacasa manages is expertly cared for by local teams that adhere to the company’s enhanced Premium Clean standards for the increased safety of its guests. From cozy cabins to sweeping estates to beachfront condos, Vacasa has a perfect home for every type of traveler.\n\nNow, when booking on vacasa.com, eligible travelers can select Affirm at checkout, and split the cost of U.S. vacation rentals into simple monthly payments over three, six, or 12 months with an APR as low as 0%. For example, an $1,800 booking on vacasa.com may be split into $300/month over six months at 0% APR. Customers are shown the total cost of their purchase upfront, which will not increase as Affirm never charges late or hidden fees.\n\n“Professionally managed vacation rentals have become the preferred accommodation type for travelers and we couldn’t be more excited to offer Affirm to Vacasa guests,” said Mike Dodson, Chief Revenue Officer for Vacasa. “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.”\n\n“According to a recent Affirm survey, 49% of consumers said they intend to travel more in 2021 and Vacasa’s booking data shows that vacation rental demand is on the rise,” said Silvija Martincevic, Affirm’s Chief Commercial Officer. “By giving travelers 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 hidd...