Does trip1 charge a cancellation fee?
No, trip1 doesn't charge its own cancellation fee. You only lose what the hotel's policy specifies, minus a small crypto network fee for the refund.
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Where the cancellation cost comes from
When you cancel a trip1 booking, three things can affect what you get back:
- Hotel penalty: set by the property. Anywhere from zero to 100% depending on the rate.
- Network fee: CoinGate covers the gas cost of sending crypto back to your wallet - usually under a few cents on Layer 2 networks.
- Exchange rate: if the price of the crypto you paid with has moved since booking, the refund value in fiat terms can differ from what you paid.
How to avoid losing money to cancellation
- Choose a free cancellation rate at checkout if your plans aren't locked in.
- Cancel before the free cancellation deadline shown on your trip1 confirmation.
- Pay with USDC instead of volatile crypto if you might cancel and want stable refund value.
trip1 cancellation fees - FAQ
No. trip1 returns the full refundable portion of your booking. Only the hotel's own penalty (if any) and the small crypto network fee come out of the total.
Yes, a tiny one. CoinGate covers the network gas fee for sending the refund to your wallet, which is typically under a few cents on Layer 2 networks.
The hotel's policy includes a penalty for cancelling within a certain window before check-in. Check your confirmation email - the cancellation rules and amounts are listed there.
Usually not. No-shows almost always forfeit the full booking value. Cancelling - even late - sometimes returns part of it, depending on the hotel's policy.
