According to the press release, thanks to Airbnb’s use of Visa Direct, Visa’s real-time push payments platform, hosts will have an option to move money from Airbnb to a bank account associated with an eligible Visa debit card.
The initiative comes as 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-based consumers say they’re now ready to travel. Consequently, 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.
This collaboration is the latest in a series of Visa initiatives to help its financial-institution clients enable buyers and sellers access to tools and resources they need to build stronger business operations and move money around the world at a time when real time payments have never been more important. The new solution for Airbnb Hosts is expected to be available over the course of 2022.
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