Disney waives monthly payments, offers refunds for parks' annual passholders

Disney is waiving payments and offering refunds for annual passholders who can't experience the magic of its theme parks during the coronavirus crisis.

The company announced that effective Sunday, April 5, it will automatically stop and waive all upcoming payments while Disney World and Disneyland are closed. Disney is also offering refunds for payments made between March 14 and April 4. Payments will resume once parks reopen.

Alternatively, passholders can postpone payments in order to allow their passes to be valid beyond the originally scheduled expiration date.

For those who already paid in full, Disney is extending the expiration date on their passes to the number of days the parks are closed. These passholders also have the option to ask for a partial refund for the closure period.

"We want to thank you for your patience as we work through the many details related to the temporary closure of the theme parks," the company's website reads.

The Walt Disney Co. is the parent company of this station.