Hi Tony, With respect to your question, It would be safer to get paid through PayPal and then from PayPal you can direct deposit into your bank account. Paypal is also faster. I'm wondering if you know the details when you are Canadian. I'm Canadian, my property is in Canada, my bank is Canadian but yet I get paid out from Airbnb in US funds to Paypal. I have called twice on this issue.
The problems are NO matter how you get paid out:
1. You will pay the exchange rate 2 times. First if you are showing Canadian funds setting (and if you are like me my guests are mostly Canadian and want to pay in Canadian funds, your guest will be charged then in Canadian, so the invoice from Airbnb shows Canadian dollars but upon payout, you will pay the exchange + fees on Airbnb changing the currency to their US dollars and then once you receive, you will pay the exchange rate back again to put it into your Canadian RBC bank account.
2. If you go into, HELP, and search Currency payouts, select the question: Can I select the payout currency? The answer says no, you can not change currency, it is based on your account address (mine is in Canada), however they keep paying out in US dollars. I have called Airbnb 2 times on this issue as when I look at my payout amount, it shows in one case $1649 CDN however, I got paid $1217 US and then to put that into my Canadian bank account, the exchanged value has reduced to $1496.12. So payout goes in CDN from $1649 to $1496.12, over $150 has disappeared as the bank rate always over compensates to hedge the rate. So help section is not true and the phone line people have told me a) they will change it - DID NOT b) that they are a US company and pay in US funds c) told me it's my bank - but when I show them clearly on their website all the transactions in the payout section/what guests pay section/ that they are paying me in US funds c) will turn it over to banking who haven't answered. Just letting you know.....
