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Visa and Airbnb Partner To Get Hosts Paid Faster With Visa Direct
Saturday, May 1, 2021 5:08PM IST (11:38AM GMT)
San Francisco, United States:
Visa (NYSE:V), the world’s leader in digital payments, and Airbnb (NASDAQ: ABNB), a leading online marketplace for lodging and experiences, today announced Airbnb Hosts in select markets will be able to access their earnings more quickly. Through Airbnb’s use of Visa Direct
[1], Visa’s real-time
[2] push payments platform, Hosts will have an option to move money from Airbnb to a bank account associated with an eligible Visa debit card.
“Giving people access to money they’ve earned when they earn it is a powerful driver to support communities and the recovery of the global economy,” said Ruben Salazar, SVP and Global Head of Visa Direct. “Visa Direct capabilities on the Airbnb platform can help improve cashflow for Hosts, allowing them to focus on wel
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Nicholas has been a writer for the Motley Fool since 2015, covering companies primarily in the consumer goods and technology sectors. He is also the founder and president of Concinnus Financial, a Registered Investment Advisor based in Spokane, WA. He enjoys the outdoors up and down the West Coast with his wife and their Humane Society-rescued dog.
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Visa (NYSE:V) was hands-down one of the best growth stories of the 2010s, with a gain of more than 700% over that decade. However, the 2020s haven t been nearly as kind so far. At recent prices, shares are up only 24% from the start of 2020, trailing the S&P 500 s 30% return.
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