Set up a deposit policy for guests to pay upfront, lock their stay, and allow them to pay the remaining balance closer to the arrival. This strategy is particularly useful to boost your reservations when needed.
This article explains how to create a Pay Now Stay Later Rate Plan in Cloudbeds PMS.
Create a Pay Now Stay Later Rate Plan
1. Configure the Rate Plan
Go to the Rate Plans and Packages - How to setup section to create/set up your Rate Plan.
If you need to edit it later, refer to How to save, edit or delete rate plan.
2. Set up the Deposit Policy
After creating your Rate Plan, setup the amount of deposit guests have to pay to secure their booking: How To Set a Guest Deposit
3. Configure Payment Options
3.1. - Setup the Credit Card Payment Option
To configure your Payment Options, see How to set up Credit Card as a payment option in your property for more details.
3.2. Process the payment immediately
If you have Payment Gateway enabled, learn how to configure automatic/immediate payment processing: Setting Up Automatic/Scheduled Payment Processing
If you do not have a Payment Gateway connected to your account, process the payment through an external system (POS, terminal, online-banking) and post the payment as a record on the folio:
How to Add / Post Payment to Reservation as a Record (Without Using Payment Gateway Processing)
See more about Rate Plans and Packages in this section.