Which currency do I list my prices in?

David53
Level 2
Longyearbyen, Svalbard and Jan Mayen

Which currency do I list my prices in?

I live and host in Norway where the local currency is NOK. I would like to get paid in NOK. My listing prices are listed in NOK. Airbnb has given me only 2 not so ideal options for payouts: a faster paypal transfer in USD or a slower bank transfer in NOK. A paypal transfer in NOK would have been perfect but Airbnb does not give me that option. So far I have opted for the paypal transfer in USD since I do not yet know how slow bank transfers are really going to be since I host full time, atleast I try to. 

 

Here is my question: since I am already getting paid in USD, should I be listing my prices in USD instead? Is it cheaper financially to list my prices in USD instead of NOK?

 

Any advice would be much appreciated, thanks!! 🙂

1 Reply 1
Dave-and-Deb0
Level 10
Edmonton, Canada

Hi @David53,

 

If I were in your situation, I would probably go with the NOK payout as you may be losing money in the conversion of currency.  I have my payout setup as a bank transfer and the money is usually in my account 3-4 days after I receive the payout email.

 

Cheers

 

Dave

 

David

Superhost Ambassador ~ Host Club Community Leader ~ Community Expert ~ Experienced Co-Host