A few days ago Airbnb changed their Terms of Service to introduce a new fee that will come into effect on April 1st 2024. That fee will add 2% to you next booking but there’s an easy way to avoid it and actually save even more money.
Conversion Fee
The new guest service fee of 2%, before taxes, will be added on the total rate if a booking is made where the local currency differs from the currency set in your Airbnb account. That means if your Airbnb account has a currency set in US dollars but the villa in Spain you’re booking is listed in Euros, there will be an additional 2% fee added at check out.
Airbnb hasn’t made it clear if this fee will be shown separately or just added under the generic “fees” you see at checkout, but know that it will be in there where there’s a currency conversion.
Avoiding The Fee
To get around the new 2% fee, all you have to do is change the default currency your Airbnb account is set to so that it matches the local currency of your next destination. Log into Airbnb, click the globe icon, then currency, and then change the currency. For example, if you’re looking for an Airbnb in Bulgaria you would change the currency into Bulgarian lev and if the place is in Spain, that would be Euros. Airbnb doesn’t make it clear what currency the host listing is in so you just have to look up the local currency in a given country if you’re not familiar and adjust it accordingly.
Why This Saves More Than 2%
After April 1, 2024 this trick will save you 2% in fees but changing the currency to match the local money will save you double or more because of another clause in the Airbnb terms – one that’s been there for a long time. When you book an Airbnb in a currency that differs from the currency a host as set, Airbnb converts the listing price from local to your currency, using rates they determine. In many cases this rate is not in your favor and hardly the best conversion and can add 3% or more to a booking where the currencies differ.
You should always change your Airbnb account currency to the local one when booking internationally to save at the 2% conversion fee and then another 2-4% in conversion rates. While you’re at it, make sure you keep an eye on Airbnb cleaning fees as well.
what about when receiving bookings? would it be better financially to be paid in usd (airbnb) and set up your account on airbnb to be paid into a currency card like revolute and then change the currency fee free?
I’m not sure if Airbnb would allow that and may automatically restrict you to the location currency.