I realized there are two options, Pay Now or Book Now, Pay Later.
What if I Book Now, Pay Later and say next week, I decide to Pay full amount, can Agoda change the payment mode?
Pay now has pros and cons:
Pros: I) Lodging is confirmed at known exchange rate. What u see is what u pay.
II) Slightly cheaper than pay later.
Cons: If anything happen that force u to cancel the trip, u may end up loss all or partial the lodging payment. Some may said can claim for insurance company with valid reasons if u buy the travel insurance.
Pay later mean ur CC will be charge usually less than 1 week before ur actual lodging date. The lodging is confirmed but the payment haven’t executed.
Pros: U can cancel anytime before the charges take effect if unforeseen circumstances happened or u opt for other places due to iterinerary changes.
Cons: I) The final payment amount charge to ur CC will vary due to forex rate at the time of CC payment initiated. This can be a pro too if the forex weaken vs SGD.
II) Pay now slightly cheaper than pay later but not true in some country like Australia where both are same rate during checkout.