Affirm and Vacasa Partner to Offer Flexible Vacation Rental Payments
February 23 2021 - 8:00AM
Business Wire
Travelers Can Now Pay for Vacasa Vacation
Rentals Over Time Without Hidden or Late Fees
Today, 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.
Founded 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.
Now, 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.
“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.”
“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 hidden or late fees."
Affirm can be used as a payment option at checkout online or
in-store at over 6,500 top merchants of varying categories and
sizes. Vacasa is one of the first vacation rental platforms to
partner with Affirm, joining top travel merchants including
Expedia, Priceline, Delta Vacations, CheapOair, Karisma Hotels
& Resorts and Great Wolf Lodge, and more. Offering Affirm helps
merchants increase cart conversion, average booking value, and
repeat purchase rates.
About Vacasa
Whether travelers are looking to book a weekend getaway or the
trip of a lifetime, Vacasa is the trusted partner for all things
vacation rental. Vacasa homeowners enjoy industry-leading financial
returns on their vacation homes, delivered by the company’s
unmatched technology platform that adjusts rates in real time and
ensures revenue is always maximized. Guests can relax comfortably
in one of Vacasa’s professionally managed homes around the world,
knowing that 24/7 customer care is just a phone call away. In the
past 10 years, Vacasa and its licensed subsidiaries have grown to
become North America’s largest vacation rental management platform
and employ more than 6,000 people who are passionate about
providing best-in-class service to homeowners, guests, real estate
investors and partners. For more information, visit
https://www.vacasa.com/press.
About Affirm
Affirm is purpose-built from the ground up to provide consumers
and merchants with honest financial products and services that
improve their lives. We are revolutionizing the financial industry
to be more accountable and accessible while growing a network that
is beneficial for consumers and merchants. Affirm provides more
than 6.2 million consumers a better alternative to traditional
credit cards, giving them the flexibility to buy now and pay over
time at virtually any store. Unlike payment options that have late
fees, compounding interest and unexpected costs, Affirm shows
customers up front exactly what they’ll pay — with no hidden fees
and no surprises. Affirm partners with over 6,500 merchants in the
U.S., helping them grow sales and access new consumers. Our
merchants include brands like Walmart, Peloton, Oscar de la Renta,
Audi, and Expedia, and span verticals including home and lifestyle,
travel, personal fitness, electronics, apparel and beauty, auto,
and more. Payment options through Affirm are provided by these
lending partners: affirm.com/lenders.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210223005303/en/
Alex Rafter press@affirm.com (650) 398 - 2715
Tracy Pogrelis pr@vacasa.com (971) 275 - 2311
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