The main reason why your payout would be different than you expected could be due to the commission fee that is charged for every booking. You can find out more about this here.
If you received a different amount of money than you expected, it could be due to either one (or a combination) of the following 3 reasons:
- Conversion rates from Euros to USD, SEK, DKK, ISK, etc. When HousingAnywhere sends money via bank transfer, we send an amount in Euros that is equivalent to the other currency’s amount, according to the conversion rate of that day. On the day your bank pays you out, the rates may differ from the day the money was transferred, resulting in a lower amount.
- Your bank may or may not charge you conversion costs for receiving foreign bank transactions (you should enquire about this with your bank).
- Costs for international payment traffic. In simple terms: with international bank transactions, when a payment is sent to you and it passes our national borders it goes through other banks your bank cooperates with, before actually reaching your bank. There are costs related to this which you, as a client, accept.
You can contact your bank in advance to get more information about any fees they might charge and perhaps consider either increasing your monthly rent price to cover these costs.
Questions? Just let us know!