Traditional Culture Encyclopedia - Hotel accommodation - What does Ctrip mean by spending money to freeze the quota?

What does Ctrip mean by spending money to freeze the quota?

What is occupied is the applicant's credit line, which ensures that an agreement is reached when installment payment is made and the security of installment payment is guaranteed. When users use Ctrip to take flowers, they need to apply through Ctrip App or website, and get a certain amount after being audited by credit reporting agencies such as Sesame Credit. This amount is provided by third-party organizations such as Alipay, which is equivalent to providing a certain credit guarantee for users' consumption. Ctrip is a consumer credit product launched by Ctrip. com。 Users can pay travel, vacation, air tickets, hotels and other expenses in installments through Ctrip, which avoids the pressure of one-time cash payment.