This article refers to a verified accommodation. What is the difference between a “Verified” and a “Non-verified” landlord or property?
If your booking is rejected, no panic, it hardly ever happens. If the booking is rejected by the landlord or not accepted before those 48h you have two options:
1) Let us look for alternatives that you may like in order to change your booking using that payment.
2) Or get everything you paid back (first month plus Erasmusu service fee).