- BenutzernameMoneyland User Questions
- Status Member
- Registriert seit1/27/17
- Beiträge2142
Would you recommend Cancelon for travel bookings? Is it reliable?
Here you will find the right answers
The moneyland.ch forum lets you exchange knowledge on numerous topics related to money and get answers to your questions at any time. Join forum users and experts in discussions relating to banking, investment, insurance, retirement, telecom and everyday money topics.
Show categories
Would you recommend Cancelon for travel bookings? Is it reliable?
Hi there,
Cancelon is a service which links people who have unused hotel reservations but aren't able to get a refund (because the conditions of their trip cancellation insurance weren't met, for example) with travelers who are willing to buy the unused reservations at a discounted rate. This allows people whose travel plans have changed to recover some of their money, while travelers benefit from cheaper hotel stays.
When you use this type of portal to make hotel reservations, it is a good idea to contact the hotel in question directly after you recieve the booking confirmation to confirm whether the change to the reservation was in fact made.
It is also important to understand that you are buying the reservation from a private individual and not from a hotel. If for some reason you have to cancel your trip, you may have difficulty claiming a benefit for your hotel stay from your trip cancellation or trip interruption insurance because the original booking was not made in your name.
Booking through travel portals which are not registered in Switzerland comes with increased risk because foreign service providers are not subject to Swiss consumer protection laws.
Best regards from Moneyguru
More on this topic:
11 tips for cheaper hotel stays
10 ways to get cheaper flights
Cheap bank accounts with card
Cheap bank accounts with card
Yuh
No account fees
Banking partner: Swissquote & Postfinance
CHF 20 trading credit with code «YUHMONEYLAND»
Radicant
High interest on your everyday account
Best exchange rates
Up to 1% of card spending as saveback in the investment portfolio
Bank WIR Bankpaket Top
Free account & card
No exchange fees for foreign payments (interbank exchange rates)
24 ATM withdrawals worldwide per year free of charge
Alpian
CHF 100 welcome bonus
Favorable foreign exchange rates
Multi-currency account with Visa card (CHF, EUR, USD, GBP)
UBS key4
50 KeyClub points as a welcome gift
Online private account with debit card
Yuh
No account fees