What does the hotel prepaid mean?

The so-called hotel advance payment is actually that users book rooms on some commercial websites, and then pay the fees required for housing to the website before staying in the hotel.

After staying in the hotel, you only need to pay other expenses except the room rate. For consumers, it still pays for the reservation, which has no effect on the whole consumption process.

brief introduction

Advance payment means that the buyer pays a certain amount of advance payment to the seller immediately after signing the transaction contract. This method is not conducive to the buyer, and is generally used when the trade goods are in short supply. The buyer has to bear commercial risks and overstock funds, in fact, it is to provide credit to the seller.

The seller receives the payment before delivery, which is conducive to capital turnover and has no commercial risk. There are two kinds of advance payment: one is the guarantee for the importer to execute the contract, which is usually called deposit, and the advance payment period is short, accounting for a small proportion of the transaction amount; The other is that the importer provides credit to the exporter, and the prepayment period is longer and the amount is larger.

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