How to Send Money from the U.S. to Mexico: Top 5 Options
A bank transfer isn’t the only secure way to send money from the U.S. to Mexico. Here are five reliable and fast options.
Sofia Santos
10/21/2024Airbnb is a global platform where you can rent out a room, an entire home, or even an alternative space to earn money. But if you’re new to this business, you might be wondering: How does Airbnb pay hosts? How much can I earn with Airbnb?
We have the answers in this post, where we explain how and when payments are processed. We’ll also cover the different payment options available on the platform, so you can decide which one works best for you.
So, keep reading and clear up any doubts.
As an Airbnb host, there are several factors to consider regarding how long it takes the platform to pay you. The time frame varies depending on the type of booking, the length of stay, and how Airbnb processes payments to the property owner.
Here’s how Airbnb payments work:
Payment for short stays (27 nights or less). You’ll receive your payment 24 hours after the guest’s scheduled check-in time.
Payment for long stays (28 nights or more). For the first month, you’ll be paid 24 hours after check-in, and for the rest of the stay, payments will be sent to you monthly based on the check-in date.
If you have multiple properties and multiple guests check-in on the same day, the company will make a single transaction for you. Therefore, it makes sense to increase your bookings on Airbnb to receive a larger consolidated payment.
You can always check the status of your payments in the transaction history of your Airbnb account.
Now that we’ve covered the timing, you might ask: How do Airbnb hosts get paid?
Airbnb offers several options for depositing your earnings. The good news is that you can choose how you want to receive your payments based on your location.
Here’s how you can receive your Airbnb payments:
This method allows you to receive your earnings in a foreign currency bank account.
However, keep in mind that this type of transaction often comes with additional fees depending on the bank or provider you use. So, it’s essential to research these details before selecting it.
PayPal is a popular choice among Mexicans for facilitating international Airbnb payments into a digital account. From there, you can transfer the funds to a Mexican bank account, though you’ll need to watch for any associated fees.
This method allows you to withdraw your earnings in cash from any Western Union location in Mexico. It’s a flexible option for those who prefer cash over electronic transfers.
Another well-known platform you can choose is Payoneer. With Payoneer, your earnings will be sent to a prepaid Mastercard. You’ll also have access to your funds for use both inside and outside Mexico.
Choosing a Visa or Mastercard debit card can be a convenient way to receive payments due to its speed.
However, additional fees may apply depending on the provider, and the card likely needs to be issued in the U.S.
This is a practical, secure, and widely used method for receiving funds through a bank transfer.
These are the methods Airbnb offers, but there’s another option worth considering: a digital wallet that simplifies managing your international earnings.
Using DolarApp, you’ll receive payments in U.S. dollars with reduced fees for international transfers.
The app is a cost-effective way for hosts in Mexico to get paid in USD and easily convert them to MXN. Everything is managed through a digital account with an excellent exchange rate, so you don’t lose out on your transactions.
Simply select DolarApp as your payment method in the “Payments & Payouts” section of your Airbnb account.
To see how much you’ll earn from an Airbnb booking, just select the stay in your calendar. There, you’ll find the amount paid by the guest and your final earnings.
After viewing the reservation details, you’ll get a full breakdown that includes:
The nightly rate applied during the stay
Any additional fees you’ve set, such as cleaning, pet, or extra guest charges
Applicable lodging taxes
If you have a co-host, their commission will also be reflected
The service fee for both the guest and the host
The total amount you’ll receive as the final payout
It’s also important to factor in the taxes for Airbnb hosts in Mexico to accurately calculate your total earnings.
Now that you know how Airbnb pays hosts, it’s crucial to consider how long it might take for the money to reach your account. This depends on the payment provider you’ve set up for your payouts.
Here are the typical timeframes depending on the payment method chosen:
Fast Pay. You’ll receive the money in 30 minutes or less.
Payoneer. Funds will be available within 24 hours or less.
PayPal. The payment is processed within one business day.
Western Union. The money is usually available within one business day, though this can vary by region.
Bank transfer. The process takes between 3 and 5 business days.
International transfer. The money takes between 3 and 7 business days to reach your account.
Yes, banks don’t process payments on those days, so they’ll be completed the next business day. However, methods like Fast Pay and Payoneer allow transactions to be processed on weekends.
Airbnb holds your payment for 30 days from the confirmation of your first booking. If there are more than 30 days before that first booking, the payment will be made 24 hours after the guest’s scheduled check-in.
Yes, some payment methods may have additional fees depending on the financial institution or the method selected. That’s why it’s advisable to review the associated costs for each option before setting it up to avoid any surprises.
The world has borders. Your finances don’t have to.
A bank transfer isn’t the only secure way to send money from the U.S. to Mexico. Here are five reliable and fast options.
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