Did you know that you can use your Revolut account as a payout method on Airbnb? While this feature is not widely-known, it can be a convenient and cost-effective way to receive your Airbnb earnings. In this article, we’ll walk you through the steps of setting up your Revolut account as a payout method on Airbnb, and provide some tips for optimizing your payouts.
Start using your Revolut as your Airbnb payout method!
Understanding Airbnb’s Payout Methods
Before diving into the steps needed to change your payout method, it’s essential to understand the available options. Airbnb offers several ways for hosts to receive their payouts:
Direct Deposit (ACH)
Airbnb can directly deposit your earnings into a bank account through Automated Clearing House transfer (ACH). This option is available in most countries.
International Wire Transfer
For hosts outside of the United States, an international wire transfer might be the best option. However, additional fees might be applicable depending on your bank and location.
PayPal
PayPal is another popular choice among hosts because of its convenience and ability to work in various currencies. Ensure that your PayPal account is verified before using it as a payout method.
Payoneer
This global payment platform allows users in many countries to receive payments via direct deposit or prepaid Mastercard.
How do I use Revolut to receive payouts?
To begin changing your payout method, first, ensure that you are logged in to your Airbnb account. Once logged in:
- Click on your profile picture located at the top right corner of the screen.
- Select “Account Settings” from the dropdown menu.
From the Account Settings page, follow these steps:
- Click on “Payments & Payouts” located in the left-hand menu.
- Select “Payout Preferences.”
- Click on “Add payout method” (located under section “How you get paid”)
From the “Set up payouts” popup, follow these steps:
Once you have added a new payout method, you can set it as your default option by following these steps:
- In the Billing country/region, select Lithuania.
- Under the “How would you like to get paid?”, select the option “Bank Account”.
- Click continue.
On the “Account Holder” step
Select your name or Company name as an Account Holder.
Note: If your name is not shown in the list, select “Add New Account holder”
On the “Add Bank Account info” step:
Now here is where all the magic happens! Add the following details:
- Bank Name: Revolut
- Swift/BIC: Type your BIC. You can find the BIC in your Revolut account.
- IBAN: Type your IBAN (twice). You can find your IBAN in your Revolut account.
Done!
How do i remove a Payout Method (Optional)
If you wish to remove a previously used payout method entirely from your Airbnb account, follow these steps:
- Go back to the “Payout Preferences” page.
- Locate the desired method you want to remove.
- Click on the three vertical dots and select “Remove.”
Please ensure that the payout method you want to remove is not set as your default option before proceeding.
Monitoring Your Payout Changes
After making changes to your payout preferences, it’s crucial to monitor your account and payouts to ensure everything is functioning correctly. Keep an eye on your transaction history, and don’t hesitate to contact Airbnb support if there are any issues or delays with payments processed through your new payout method.
Revolut for Airbnb Payout – Conclusion
Changing your Airbnb payout method may seem daunting at first, but with this comprehensive guide, you’ll be able to make updates seamlessly. By understanding the available payment options, accessing account settings, adding a new payment method, setting defaults, reordering preferences, removing old methods (if desired), monitoring changes, and updating regularly – you’ll be well-equipped for managing your Airbnb earnings effectively.
