Airbnb has launched its latest feature, Pay Less Up Front, which allows guests to pay for part of the trip at the time of booking – a 50% deposit in most cases – and pay the rest closer to the check-in date.

Previously guests paid for 100% of the trip at the time of booking.

The new payment option is available today across all platforms: iOS, Android, mobile-web and desktop.

Airbnb reports that in their testing, they found that 40% of people who were given the option to Pay Less Up Front opted to do so, and that the feature led to higher-value bookings for hosts and nearly double the booking lead time.