I have been a new host with Airbnb since January. My first booking for late July-early August was confirmed in March. After the first guest checked out on August 5th, I waited a week for my payout. When it didn’t show up in my bank account, despite my successfully establishing a payout method, I attempted to contact airbnb and discovered how nearly impossible that it is. Somehow, way back in August, two months ago, a link appeared on their website asking if I wanted a call back, which I did. As soon as I entered my phone number, the phone rang almost instantly.
The first explanation I got was that there was a problem with my payout method but that quickly changed to my payout would be released on September 11th. I protested that there was no reason to hold my payment and that the date was completely arbitrary. It also happened to be the check-out date of my second Airbnb rental. Both rentals went very well and my condo received glowing reviews from both sets of tenants.
It is now October and my payout of $2,795 is still sitting with Airbnb and showing up as “pending” on my transaction page. I can no longer find that link for a callback or any means of contacting these bastards. I will not rent any more with them until they pay me, which I have begun to believe they never will. Is it possible that Airbnb is a giant scam, holding onto selected hosts’ money over time and assuming that by the time of discovery, they will have gotten away with it? I cannot figure out what is going on but this is a dishonest business and I have no recourse but to take some legal action, possibly through small claims court. Airbnb stinks.
Have you still not received payment?
“Has Airbnb become a scam?” AirBnb has always had to be tight with their money because up until last year they had never made a dime in profits (after having been around for 8 years and getting over $4 Billion in funding). But now the pressure is really on. Even though they say they posted a meager profit last year, they are still having to seek more funding from investors this year – they had to seek out another half-a-billion dollars in March. To keep investor confidence up they have to keep showing a profit – any way they can.