Making money on Airbnb works by renting out apartments for Money. In this article, we will consider the popular option of earning for those who have the opportunity to rent their apartments in Nigeria, Ghana and Kenya.
You have a place where tourists from all over the world can comfortably spend time, you can rent it out on the largest site for finding accommodation Airbnb.com.
It can be as a separate house or apartment, or just a room or even a treehouse or a yacht, the main thing is that it was safe and present all the necessary amenities.
Airbnb.com is the most popular site for millions of travelers from all over the world. You can place an ad on it for free, and it’s very easy to do so. In order to start renting out, you need to register on the website Airbnb.com.
Once you’ve registered, you’ll need to click on a link in the top right-hand corner – “Give up housing” (or sometimes it’s called “Take guests”), and then you’ll move on to step-by-step instructions on adding information about your home.
The site is very clear and consistently you will be offered to enter the necessary data, as well as add photos and information about conveniences.
The procedure for adding is very simple, so I don’t give any further instructions – I’m sure you can handle it.
While you add your ad, you’ll be able to specify how much you want to receive, what terms you want to hand over, and if there are additional details (for example, you can specify what’s not allowed in your apartment living with animals).
Once you’ve filled out all the information you need, your ad will be added to the site, where everyone will see it and be able to book certain dates with you.
The decision to place it is up to you. Once someone chooses your accommodation, you will receive an email alert and will be able to decide (based on reviews/photos/information) whether you are satisfied with a potential tenant.
The control panel on the site Airbnb.com very convenient, and you can easily deal with the rest of the settings.
The only thing that requires additional explanation is the withdrawal of money from Airbnb.
How to withdraw your earnings from Airbnb
Once you confirm the booking, your tenant’s bank card will be debited and the money will be credited to your Airbnb account. In order to withdraw this money, you need to go to the Account settings – Preferred payment method, and click on the red button – “Add the payment method.”
In total, there are 3 ways to withdraw money on the site. Let’s take a closer look at each of them.
An international bank transfer is a swift transfer with a commission of about $25, which goes up to 7 working days. This option may suit those who withdraw large sums, on a legal account and not very often.
Payoneer MasterCard prepaid debit card is the most convenient way to withdraw. For it, you will need to register for free in the Payoneer payment system and get their bank card. Money arrives within a few hours (rather than a whole week as in the case of the first option).
Western Union – the commission is $10 at a time, and in order to get the money, you will need to physically come to the point of issuance with documents.
Comparing all the options, I recommend you use the Payoneer card. This is a convenient and secure payment system, which I have already written about in my review.
How to create a Payoneer account and get a bank card
By selecting Payoneer as an option to receive payments from the Airbnb site, you will be offered to register with the system through a partner and receive an Airbnb brand card from Payoneer.
If you do not yet have a Payoneer card, I advise you to register not through a partner (in this case, the partner is Airbnb) but directly to Payoneer, in which case the fees and service fees will be less.
By registering directly, you can easily connect your card to Airbnb by clicking on the inscription circled in a green rectangle from the screenshot below.
To sum up, I want to make a consistent plan for how to start earning on Airbnb:
1. Check-in on Airbnb
2. Add your accommodation, make photos and information
3. Order a Payoneer card directly from the payment system, not Airbnb
4. Receive money from tenants, the money will be stored in your Airbnb account
5. Tie a Payoneer card
6. Withdraw money