Visa and Airbnb Partner To Get Hosts Paid Faster With Visa Direct
April 28 2021 - 7:00AM
Business Wire
Visa (NYSE:V), the world’s leader in digital payments, and
Airbnb (NASDAQ: ABNB), a leading online marketplace for lodging and
experiences, today announced Airbnb Hosts in select markets will be
able to access their earnings more quickly. 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.
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“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.”
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 consumers say they’re now ready to travel[3].
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.
“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,” continued
Shrauger.
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 the
next year. Visit Visa Direct to learn more about how Visa can help
unlock new ways to move money.
About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments.
Our mission is to connect the world through the most innovative,
reliable and secure payment network - enabling individuals,
businesses and economies to thrive. Our advanced global processing
network, VisaNet, provides secure and reliable payments around the
world, and is capable of handling more than 65,000 transaction
messages a second. The company’s relentless focus on innovation is
a catalyst for the rapid growth of digital commerce on any device,
for everyone, everywhere. As the world moves from analog to
digital, Visa is applying our brand, products, people, network and
scale to reshape the future of commerce. For more information,
visit About Visa, visa.com/blog and @VisaNews.
About Airbnb
Airbnb was born in 2007 when two Hosts welcomed three guests to
their San Francisco home, and has since grown to 4 million Hosts
who have welcomed over 800 million guest arrivals in almost every
country across the globe. Every day, Hosts offer one-of-a-kind
stays and unique Experiences that make it possible for guests to
experience the world in a more authentic, connected way.
[1] Visa Direct capability enabled through Airbnb’s financial
institution partners. [2] Actual fund availability depends
on receiving financial institution and region. [3] Visa
Business and Economic Insights: American Mood Trend. April
2021.
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version on businesswire.com: https://www.businesswire.com/news/home/20210428005375/en/
Visa Caylah Novak cnovak@visa.com 831-431-3454
Airbnb Charlie Urbancic charlie.urbancic@airbnb.com
330-697-3269
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