What are the Advantages of Booking Fee for Buyers?

[Suba]

Booking fee or earned money is an amount of money that must be paid as a down payment or commitment. Booking fees are often used when we make transactions such as purchasing property, apartments, land, booking hotels, flight tickets, etc. In general, booking fees are only valid for a certain period according to the transaction, so buyers must also immediately pay off the payment process so that the booking fee does not expire. Booking fees are often considered only as seriousness or commitment money, so if the buyer cancels the transaction, the booking fee will often be lost, because the seller/developer has lost the opportunity to sell items to other customers. However, are there any advantages of booking fees?

 

[Starmix]

When someone books, there something important to buy or transact, after some days , however, the booking fee will not be reimbursed after the date of agreement expires.

 

[Springtime]

Actually, I do not see any advantage of booking fee from a buyer's point of view. This is the seller's requirement for over demanded products.

 

[Suba]

Actually, I do not see any advantage of booking fee from a buyer's point of view. This is the seller's requirement for over demanded products.

In addition to being proof of seriousness, the booking fee will also be very advantageous for buyers because they can choose the right goods such as choosing the location of the property/apartment or getting the hotel room number as desired, because the booking fee is not sold to others.

 

[Augusta]

Yes with your booking fee you know you have gotten yourself covered now. There's no one taking what you have booked already