Airbnb sent me an email saying my account was elgible for early pay. Basically this new feature allows me to get paid 48 hours after a guest books, instead of waiting a day after they check in. It says each payment will have an Host Early Pay fee, but doesn't tell me how much the fee is. Does anyone know?
I just found it. It says the fee is an additional 1%. I think this is a nice feature if one has an expense where they need the money sooner. I dont know if this is something I would set permanently.
@Kalin And Marquis , thanx for alerting us to this! I never got that email, so I am learning about it here.
So when I carefully read your added paragraph, it makes me think they are adding this as their new default system payout: saying, "host early pay will apply...." it reads to me as that is what is going to happen automatically, not by choice. then also saying, "you can disable...." points to having the choice only then, after they enacted their new payout plan, so we can get out if we want to, but one has to know about it in the first place! I looked around a bit and searched in my account for it under payout preferences, can't find it there, only my payout bank account. I am on mobile, will check later on desktop, maybe I can find it then.
Sorry to say, so underhanded by Airbnb to slip it in - like they could announce that in the Airbnb Updates here, couldn't they?
Kalin, it looks like you were able to find the fee for Host Early Pay.
For everyone else reading this thread, the fee is NOT listed in the Terms and Conditions, I imagine this gives them the flexibility to have different prices for hosts in different markets.
To find your fee for Host Early Pay:
Go into the account setting page -> Go to Payout Preferences Tab
There it will have a switch to activate Host Early Pay, and in the description by the switch it will tell you what your fee is.
Hope this helps anyone who is looking to find the early pay information.
@Charles&Steph , I tried to find it on both mobile and desktop: just not there for me.... makes me think they are testing it or only introducing in certain markets, but I am also in the US, so I wonder why I can't find it. Usually I find new stuff right away....
I looked on my mobile version and it wasn't available there. I can see it from my desktop though. Did you receive the email? That was how I initially found out about it. I'm intrigued to see that for some people the fee is 3%, it makes me wonder if they are testing the price sensitivity of their hosts.
I probably won't use this feature because most of my guests book within a week or two of their stay, but I imagine for some people it would be nice to get the money now rather than having to wait.
Good luck tracking down the Host Early Pay feature.
@Charles&Steph , didn't get the email and still don't find it on my desktop. I wouldn't use it anyways, just want to make sure it's not their new default system, slipping it in automatically, so that you have the option to opt out, but first you're in..... the wording that was posted somewhere above made me think that might be the case, me the lawyer dissecting that statement -
just like nobody told us that they tiered the service fee subtracted from hosts now as 3% for flexible cancellation, 4% for moderate, 5% for strict.One finds out about such things here, not in any notification from Airbnb. Bottomline, they are looking to raise their fees to hosts, without causing an uproar, just gently slipping it in here and there.
@Jason, these things change all the time, sometimes on a trial basis only, then they change back... go figure, we just need to be aware of it. The tiered service fees according to one's cancellation policy, I clearly saw it spelled out one time, now I only see it like " may range between 3-5%, depending on the cancellation policy", so it is back to wishy washy, not clearly defined, just watch your payout and see what percentage the service fee is. I just checked on my latest payout, having a moderate cancellation in place, I was prepared for a subtraction of 4%, but it (still?) was 3%.