Priceline's "Name Your Own Price" Option - How it Works

Although I highly recommend using Priceline.com'sa headache, but if you know you are going to take
"name your own price" option, it's been mythe trip, I tell people not to let the fear of
experience that people to whom I've recommendedcancellation stop you from trying the site. I will
this site generally ask the same questions and/oraddress these concerns later in the article with tips
express similar concerns. I have also found that thesethat I think will be helpful
same people, weary as they first may be, becomeOnce you've submitted your offer, you will know (in
sworn Priceline loyalists once they've read theirusually less than 60 seconds) whether your price was
confirmation pages and discovered just how much ofaccepted. Don't be too surprised if you started your
a great deal they've stumbled intobid too low and your first offer gets refused. This
Here's how it works:usually happens.
When you land on Priceline's main page, you will seeIf your bid is too low, you will get a notice stating
an assortment of links tagged with informationthat the site could not find any takers for your offer.
relating to whatever it is you want to do (e.g. bookIf your offer is not accepted, you don't need to be
an airline flight, a car rental, etc). In the middleconcerned. It just means you have to start over
left-hand corner of the page, you will see the title,with a slightly higher price. The website will give you
"name your own price" with icons of an airplane, aa couple of opportunities to bump your price up and
hotel, and a car, all in little squares, all with the tags,re-try your bid.
"bid now" beneath them. If you click on any of theseYou will have to re-agree to the terms and conditions
links, a box opens requesting your destination cityeach time you start over. I like to raise my bid $1.00
and your intended travel dates. It will also ask foreach time. If you have your heart set on a higher
information more specific to the link you've chosen,star level hotel and you know you bid unrealistically
like where you intend to pick up your rental car, orlow, then raise your bid $10.00. Don't panic and bump
how many airline tickets you will need. For thisyour price up too high.priceline 8
example, I will use the hotel option.At some point, after too many unsuccessful bids, the
Once you've entered your destination city and datessite will know longer allow you to raise your bid in
of travel, it will ask (if applicable) what part of theslow increments. It will prompt you to change some
city you would like to be closest to. Some citiesof the key factors of your bid such as your star
simply aren't large enough to warrant a choice oflevel and/or the area in which you would like to stay.
locations. If you are going to a larger city, like NewMake these adjustments as best as you can, then
York or Orlando, the site offers you a map tostart your bid at a dollar amount slightly higher than
consult if you are not sure where you want to be, oryou last bid.
how close points of interest lie in relation to eachYou can go back to the beginning and disable the
other. It will also ask you what Star level hotel youcookies on your computer. By doing so, the site does
would like. Keep in mind, this will be all of thenot remember your information, and will not keep
information you can offer regarding your choice ofreminding you that your bid was not accepted. You
hotel. Don't bother looking for a list of hotels in thewill have to re-enter all of your information and start
"name your own price" option.the whole process from scratch, but this pretty
You will be prompted to enter an amount you wouldmuch guarantees that you can increase your price as
like to pay per night at the hotel star level you havefast or as slowly as you like. You want to start your
selected. My recommendation is to start low whennew price just slightly higher than your last amount
entering this price, regardless of what you think a(which you already know will not get accepted).
room may cost at the star level you've selected. ForWhen you enter a successful bid, you will see a
example, if you have selected a 3 1/2 star hotel, andscreen telling you that your price was accepted. On
have any idea at all what a standard room wouldthis screen, you will see your hotel's name, website
cost in your destination city, I recommend startingand complete contact information. Once you've
your bid at 1/3 the amount you would expect to payconfirmed that you got the hotel room at the price
if you booked your room through the hotel directly.and the star level you've requested, you're done.
You may get a window that advises you what theSimply print out the confirmation page and bring it
average price is for a 31/2 star room in your chosenwith you when you check into your hotel. I find that
city, which is usually going to be well higher than youit is easiest just to give the printed page to the
you entered, but go ahead and proceed anyway.receptionist upon arrival along with your driver's
The worst thing that can happen is that you don'tlicense. All of the information they will need to check
get the room and you bump your offer price up.you in can be found on the print-out. The best part
The next screen will prompt you to fill in all of youris, that when you budget your trip expenses, you
contact and billing information. This is the sameknow your hotel is already paid for. I like that
information you would fill out if you were to bookbecause it means that I don't have to set aside
any type of reservation online: Your name, address,money for the hotel when I check out.
phone number, etc. You will have to give your creditI want to make it clear that you will always get a
card number in this field. If your bid price is accepted,price accepted. Here are some tips I give to
you will be required to pay for your roomfirst-time users, or those who are too concerned
immediately; therefore, your card will be billedabout getting scammed, or getting stuck with
automatically right on the spot. Before actually placingreservations they can't use:
your bid, you will see a screen displaying your1. Don't plan a trip with too far in advance. Waiting
itinerary, along with the total charges for your room,until your departure date gets closer lessens the
including all applicable taxes and surcharges. This is thechances that something will come up to prevent you
final amount your card will be billed. You will only payfrom taking your trip. I have booked hotels through
additional charges if your destination hotel requiresby 12:00 in the afternoon and checked into the hotel
additional deposits at check-in.by 3:00 pm that same afternoon. I recommend
You will have to agree to the site's terms andmaybe booking a day or two before your scheduled
conditions, and you will have to initial a box statingdeparture, especially if you're driving.
that you have read and understood the site's terms2. Try for the first time when you are going on an
and conditions. Once you do all of that, you click onextremely short trip. If you are going away for a day
"buy my room" and wait a few seconds to see ifor two, book a hotel (a day or two before you
your offer was accepted.leave), get your price accepted and see what
Here's where most people I've spoken with have ahappens. I find that people are a little more willing to
problem:try if they are not perceiving that they will be losing
Several people are still concerned about entering theirmuch in the event that something goes wrong.
credit card information into an internet site, mainly3. Book a rate that, if you lost it, you wouldn't mind
because fraud is so prevalent. Usually people preferso much that you lost money. I am not implying that
to speak to someone directly because somebody isyou stand a good chance of losing money, but if you
present to at least re-assure the potential buyer thatthink you will, then use an amount that won't hurt
the website is not a scamming people out of theiryou to lose. I have gotten rooms for $20.00 per
money. You won't get a live person on priceline whennight. Although I have never needed to cancel a
you choose the "name your own price" optionroom, I was not concerned if something came up. I
because:could stand the $20.00 hit. The point is: don't let the
1. the system is automated and it draws from afear of what may happen interfere with the fact
database of hotels who have agreed to participate inthat you will get a deal for a room, and it will be a
the program.deal which will be much better than what the hotel
2. a live person would not be able to tell you whowould have offered you.
among their list of hotels will be willing to accept your4. Once your room is approved, go to the website
price for a room per night.of the hotel which accepted your offer and see how
Another problem people have is that they don't likemuch they would have charged you for a room on
surprises. If you bid to pay $100.00 night for a room,the same nights you plan to travel. You will see at
usually you want to know as much about the roomleast a 50% savings (if you didn't panic when you
as you can before you pay. At least that's how I am.placed your bid). You also can see the hotel and the
It seems to be instinct that if you enter blindly into aroom amenities from the link at
transaction, you will come up with the short end ofI have stayed in 3 1/3 star hotels for as low as
the stick. I usually find this to be people's biggest$35.00 per night. I have rented cars for $12.00 a day.
hurdle to leap. The third problem is that you pay inI never plan a trip without checking first. I had a
advance and you cannot cancel or change yourfriend who I'd have to tell time and time again the
reservations once they've been made.deals I'd get on Orlando hotels, and compare them to
You actually can cancel, however there needs to bethe deals he was getting, and it still took years for
reasonable cause to do so, and it will usually requireme to convince him to try it. Now he would tell you
you to pay a cancellation fee equal to one day at theto try it too.
price you bid. I have gone through this, and it can be