The phrase identifies lodging institutions positioned in proximity to the person posing the inquiry that settle for fee in bodily foreign money with out requiring a safety prepayment. This signifies a monetary transaction mannequin the place lodging prices are settled upon arrival or in the course of the keep utilizing money, and no funds are held by the lodge to cowl potential damages or incidental bills.
This mannequin gives instant accessibility for people with out bank cards or these preferring to not use digital fee strategies. Traditionally, money funds have been the dominant type of alternate, and sure institutions preserve this feature to cater to a broader demographic, significantly those that could also be unbanked or worth the privateness related to money transactions.