Visa Direct to Speed Up Access to Funds for Airbnb Hosts

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Visa, the number-one digital payment expert, and Airbnb, a renowned online market for bed & breakfast experiences have publicized that Airbnb Hosts in different parts of the globe will  receive their earnings much faster. 

This agreement will offer the bed & breakfast hosts access to Visa’s payment services dubbed Visa Direct and Visa real-time push payments .

Through these avenues a Host will be able to move their payments from Airbnb to bank a account linked to a valid Visa debit card.

“Offering people easy and fast access to their earnings is a powerful way to empower communities and reinstate the world’s economy,” says Ruben Salazar, Head of Visa Direct. “Adding Visa Direct to Airbnb’s interface will boost the money flow for Hosts, enabling them to concentrate on inviting new guests eager to explore the globe.”

Even though we’ve had a tough year, the situation is improving and travelers are looking for safe passages in the coming months. A study by Visa dubbed American Mood Trend shows over 60 percent of US travelers say they are set to tour the globe.

The speedy payouts powered by Visa Direct will help hosts manage their funds better and prepare to onboard more guests.

“Airbnb is proud to be one of the leading travel platforms to add Visa Direct to its platform. We believe this new feature will speed up access to finances for our Hosts worldwide,” said Sam Shrauger,VP of Payments at Airbnb. “We pay attention to our Hosts’ concerns and are always searching for ways to satisfy them better.

Visa’s partnership with the travel merchant is part of its most recent initiatives to assist  business and their customers with the technologies and resources they need to fortify their operations and transfer money across borders in a market where real-time payments matter.

With the agreement still in its initial stages, Visa and Airbnb announced that the new feature will likely roll out next year.

Final Words

For Hosts who lend their homes to visitors, instant payments matters because a steady flow of cash is important in preparing adequately for the next guest. Visa Direct will speed up payouts and improve the experience for bed and breakfast hosts.

Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the Co-Founder of eMerchantBroker, the highest-rated high-risk account provider for all retailers including the travel merchant. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.