Airbnb Partners with Fintech Stripe to Support Bank Payments

Stripe, a financial infrastructure platform for businesses, recently announced that it is partnering with Airbnb in order “to power bank payments for Airbnb guests.”

Airbnb guests can now use Stripe Financial Connections “to securely and instantly add their bank account as a payment method.”

Once those details “are saved, guests can use Link, Stripe’s native one-click checkout, to quickly make bank payments for all future bookings.”

Paying by bank is growing in popularity: Nearly two-thirds of businesses report “that they are pursuing bank debits to provide customers with more flexible ways to pay and grow sales.”

The addition of bank payments through Stripe “provides another popular payment option for Airbnb guests with a US bank account.”

Dave Stephenson, chief financial officer at Airbnb, said:

“We are excited to partner with Stripe to provide our guests with more options to pay for their travel, including paying by bank with Link.” 

Easy bank payments with Financial Connections and Link

Stripe reportedly :features more than 100 optimizations that enhance every aspect of the checkout experience, including pre-built payment UIs, more than 40 payment methods, and Link.”

With Link, Airbnb guests can “check out faster using bank details saved from previous purchases at any Link-enabled business.”

Mike Clayville, chief revenue officer at Stripe, said:

“Anyone who’s made a booking on Airbnb knows how great the experience is. For guests who want to pay using their bank account, we’re thrilled to partner with Airbnb to offer bank payments as an option that’s just as fast and convenient as anything else.”

This announcement “comes the week after Stripe published a study revealing that businesses using Stripe’s newest checkout optimizations saw 10.5% more revenue.”

As covered recently, Stripe, a financial infrastructure platform for businesses, has unveiled Stripe Reader S700 to help businesses bring their online and in-person payments experiences closer together than ever before.

The new, Android-based smart reader is “part of Stripe Terminal, a set of developer interfaces, pre-certified card readers, and logistics management tools.”

Stripe Reader S700 is “the latest demonstration of Stripe’s commitment to in-person payments, following the launch of Stripe Reader M2 in 2021, Stripe’s 2022 acquisition of BBPOS for manufacturing, and Stripe’s launch of Tap to Pay on iPhone in 2022 and Tap to Pay on Android in 2023.”

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