What is Airbnb Host Payment?
There are different Airbnb fees and ways that hosts are able to receive payment on Airbnb depending on not only their preference but also yours. When you wish to receive payment in only a certain way, you have to disclose it before the guest tries to make their payment. You can even provide them with a number of ways that they’re able to cash out, depending on their preference. This allows them to have the flexibility to choose which payout method is the best for them.
What are the different Airbnb payment methods?
Hosts are able to accept a number of methods of payment. Though each method depends on where they’re located, providing the guest with a number to choose from is ideal. Most of the Airbnb payment methods are accepted in many of the countries across the globe, so they should not be something that you should be worried about.
All of the accepted forms of payment for your listings include:
- Direct Deposit
- Western Union
- Internation Wire
- AIS Debit Card
How do Airbnb host payment options work?
Airbnb host payment options provide the host with a way to choose the right payment options that work with their needs or wants. The host actually receives the payment depending on which method they have chosen for their listing.
The Airbnb host payment method is entirely up to the host to choose what works for them. You can choose from the handful of options provided, just like the person booking the rental is able to do the same when paying for it.
If you want to change/add/remove a payout preference to your account, this can be done easily and effectively by going to Your Account and going to the Payout Preferences option.
Click on the Add Payout Method option and then complete the information that they ask of you depending on the payout method that you choose to go with. It can take up to three business days for Airbnb to confirm the account by sending $0.01 to it. Once this is done, you can then use that payout method for all of the listings that are booked and paid for on your account.
It is possible to have more than one payout method if you so choose. This way, you can bounce between the two if you want. Simply choose the one you want to use as your default method for payout on the account settings. You can even have the choice to set the payout method to a specific bank account on each of the listings. You can do this under the Future Transactions settings section. Another intereting feature you can set up regarding payments is the convenient Airbnb security deposit, which will have you covered in case of damages to your property.
Keep in mind that Airbnb also will collect the necessary taxes which are based on the area that you’re doing business in. This will ensure that you get the required amount for the rental that you are advertising, especially if you’re unsure of the tax rate for your area as this will need adjusting in the final payment from the guest.
What is Host Early Pay?
When you enable Host Early Pay on your account, the account will take payments for the rentals that you list on the platform, Then, within 48 hours of confirmation of the booking, they will release them to the host. Airbnb will send the payout amount to the chosen payout account within 1 to 3 days from obtaining the payment from the guest. Keep in mind that a convenience Host Early Pay fee is added to the amount that Airbnb will pay out.
Some things to keep in mind with Host Early Pay is that cancelations still stand based on the cancelation conditions of your listing. Additionally, this is only available to listings in the US and valid between 14 and 90 days before the guests’ scheduled check-in time. Any strict reservations, co-hosted reservations, those using Western Union payout methods and long term rentals are not eligible for Early Pay.
Airbnb hosts are able to choose the method or methods that suit them the best to receive the payments for all of their bookings. Hosts can easily adjust their payment preferences to suit their individual needs. This also ensures that those who want to book properties can do so with their own method of payment, and you can receive that payment in your own method. Everyone is happy when booking or advertising properties on Airbnb’s website.