Cash advances for hosts?!?

[Karen77]

In my Facebook newsfeed this morning was a ad for "Payfully," a company that pays in advance for Airbnb bookings.

[Lawrene0]

"Not associated to airbnb.com" it says, and it charges "from $15 to $45 for every $500 we advance." Has access to your airbnb account and your bank account.

Always best to be leery of any sort of payday advance. 

Thanks for posting this. @Karen77. Interesting!

[Karen77]

I'm not meaning to send them any business!!   I just found the business a curious niche to fill.  

[Rick73]

Hi Karen,

I have no direct association with Payfully - other than using the service - and am a very active Airbnb host - have hosted over 200 nights and 500 individual guests in the last year and I too was very skeptical about Payfully!

But I have used them several times for advances and I love the service. They are very legit and responsive and I have nothing but good things to say about the company. It's a great idea and while they are not perfect, based on my experience they are figuring it out quickly and are legit.

Rick

[Richann0]

Thanks Rick for sharing your positive experience, and assuring us they are legit. And thanks Karen for your question. I just received and email from Payfully, and explored their website, and spoke live to one of their people, about the fees for this serve they offer. And I was also looking for validation that they are legit, and I easily found it here from a Level 2 Airbnb Host with experience with them. So, again much appreciated for you two, and having this community board for such things.

[Austin38]

It's legit - they've got thousands of hosts using it across the US. They charge a percentage based fee, but it's not a loan so there's no interest on the advanced money.