Airbnb Benefits Greatly from Exchange Rates

We are Canadian citizens with a timeshare in the United states. We listed the unit on April 18th in US dollars yet when we were paid, we were paid a 1 to 1 ratio, Canadian to US dollars. At that time the exchange rate was about $.77 to $1.00. That meant Airbnb kept approximately $0.20/dollar collected from our renters. I do not know if this is standard practice for other countries with a different currency value than the US, but I believe this is an unethical practice. I now know why Airbnb refused to deposit our funds into our US account in our Canadian institution. I would appreciate any suggestions about how to avoid this from occurring again. Yes, I have contacted Airbnb directly with no response. They also withheld taxes even though all the required tax forms were submitted prior to the rental.

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One Comment

  1. Currency is directly linked to your country of residence so your best option would be to link your timeshare address to yours and open a US bank account.

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