Visa, the world’s leader in digital payments, and Airbnb, a leading online marketplace for lodging and experiences, today announced Airbnb Hosts in select markets will be able to access their earnings more quickly. The new solution for Airbnb Hosts is expected to be available over the course of the next year.
Through Airbnb’s use of Visa Direct[1], Visa’s real-time[2] push payments platform, Hosts will have an option to move money from Airbnb to a bank account associated with an eligible Visa debit card.
“Giving people access to money they’ve earned when they earn it is a powerful driver to support communities and the recovery of the global economy,” said Ruben Salazar, SVP and Global Head of Visa Direct. “Visa Direct capabilities on the Airbnb platform can help improve cashflow for Hosts, allowing them to focus on welcoming travelers eager to explore the world again.”
Despite a challenging year, the future is looking brighter as people plan safe getaways in the months and years to come. In fact, more than 60% of US consumers say they’re now ready to travel[3].
„The enhanced payouts experience with Visa Direct can help give hosts better control of their finances so they can continue providing more guests with unique and memorable experiences,” Visa said.
“As one of the first travel platforms to enable Visa Direct, this new functionality will help our Host community access their earnings more quickly,” said Sam Shrauger, Vice President of Payments at Airbnb. “We are always listening to our Hosts and seeking ways to better meet their needs, and Visa Direct can play an important role in providing faster payouts for Hosts,” continued Shrauger.
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Airbnb was born in 2007 when two Hosts welcomed three guests to their San Francisco home, and has since grown to 4 million Hosts who have welcomed over 800 million guest arrivals in almost every country across the globe.
[1] Visa Direct capability enabled through Airbnb’s financial institution partners.
[2] Actual fund availability depends on receiving financial institution and region.
[3] Visa Business and Economic Insights: American Mood Trend. April 2021.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
