Visa and Airbnb partner for faster payments

Visa and Airbnb have partnered to enable Airbnb hosts in select markets to access their earnings faster.

Airbnb will use Visa Direct, Visa’s real-time payments platform, and will give hosts the option to move money from Airbnb to a bank account linked to an eligible Visa debit card.

The new solution is expected to become available during the next year.

Visa is not the only payments provider who has recently introduced services which allow users to receive payments faster; Mastercard partnered with FinTech Hi55 Ventures on a debit card that enables early salary access earlier this month.

The current earliest possible date for foreign travel for UK citizens is 17 May.

“Giving people access to money they earned when they earn it is a powerful driver to support communities and the recovery of the global economy,” said Ruben Salazar, senior vice president 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.”

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