As a host, it’s no secret that how your payments are processed plays a big role in running your business. Have you found yourself wondering, “Does Airbnb take PayPal?” You’re not alone in that question, and the short answer is yes, but it depends on a few specifics. This blog post will cover everything you need to know about PayPal and its relationship with Airbnb.
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How does PayPal work with Airbnb?
If PayPal is available in the country where you and a guest lives, it can be used to pay for their Airbnb. Some guests just simply prefer to use PayPal over credit cards or their bank accounts. As a host, payouts on PayPal typically only take one business day.
Why should you use PayPal with Airbnb?
As a guest, PayPal adds a nice layer of security for your transaction. When using PayPal, you’re not sharing your credit card or banking information. As a host, PayPal is a great option to accept payments from a global audience. The more you remove the barrier of entry for guests, the easier it’s going to be to get them to book with you.
How to set PayPal as your preferred payment method
Setting up PayPal as a payment method or payout method is straightforward. For hosts, adding PayPal as a payout method is also done via the “Payouts” section. According to Airbnb, this is how you add a payout method within the platform:
- Click Menu > Account settings > Payments
- Click Payouts and then click Add payout method
- Choose your billing country/region
- Select your payout method and click Continue
After verification, PayPal will be ready to receive your earnings from Airbnb bookings.
Things to keep in mind when using PayPal with Airbnb
As you can see, PayPal is a solid payout method to add to your hosting repertoire. However, its availability depends on you and your guests’ country of residence. Additionally, fees could apply when transferring funds out of your PayPal account into your bank account, or if you’re converting currencies. Finally, it’s a good idea to get your PayPal account verified as soon as possible. This will set you up as a reputable seller and prevent delays in getting your hard-earned cash.
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