The main reason why your payout would be less 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 less than what you should have, this is due to either one (or a combination) of the following 3 reasons:
- Conversion rates from Euro to Dollars. When HA sends an amount via bank transfer we send an amount in Euro equivalent to the Dollar amount according to the conversion rate of that day. On the day your bank pays you out, the rates may differ from the day it was send, resulting in a lower amount.
- Your bank may or may not charge you conversion costs for receiving foreign bank transactions (you should inform about this with your bank).
- Costs for international payment traffic. In simple terms: with international bank transactions, when a payment is send 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, bear.
You can contact your bank in advance to get information about any fees they might charge and perhaps consider either increasing your monthly rent price to cover these costs or choose to receive your rent payment via PayPal.
Questions? Just let us know!