I haven't been a host, but would certainly recommend that you read ALL the reviews here before getting involved with Airbnb. I can't think of ANY business of ANY type I would patronize that got a 1.5 star rating after 382 reviews.

I would keep well away from tjis company, the reviews say it all, you have been warned.

Hello Helen. Airbnb keeps the funds until the day the guests arrives and then it is disbursed less the exchange if any and fees. Personally I would try other rental avenues, as I have discontinued using airbnb as both a host and a guest. I just don't like their ambiguous policies.

I have been a host with Airbnb for over 3 years now - Appx. 500 persons/groups have stayed have never had a payment problem, we get paid within a few days of customer leaving, I have had no bad experiences with ABB

Yes your understanding os correct. If i was you i would look elsewhere

Airbnb has a terrible reputation and highly recommend another avenue.

Hi I am a host an you normally get your payment through PayPal 24 hours after the guests arrive it may take longer if you are getting the money through wire. I have also used airbnb to book with my visa and that was not taken from my card until a few days later but this was a short jotice booking