Visa, provider of digital payments service, and Airbnb, an online marketplace for lodging and experiences, has announced that Airbnb Hosts in select markets will be able to access their earnings more quickly, a statement said.
“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,” it added.
“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.”
“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,” added Shrauger.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.