Under the Accommodation Factor agreement, the host must:
- Submit the confirmation details of each booking invoice to be factored
- Submit the payout details of each booking as provided by the accommodation platform
- Publish the banking details of the Accommodation Factor on the accommodation platform, during the factoring period.
- Submit confirmation of the updated payment details.
This ensures that, at the end of the factoring period, the accommodation platform pays the full invoice value directly to Accommodation Factor. - Submit credit/debit card details as secondary payment option.
Approval & Funding
Once approved:
- Accommodation Factor advances the net payout amount, less applicable factoring fees
- Funds are paid to the host within 24 hours of receipt of booking confirmation and other required details.
Repayment Structure
- Repayment is made directly to Accommodation Factor by the accommodation platform, not by the host
Factoring Periods
- Factoring is conducted on a booking-by-booking basis
- Maximum factoring period: 60 days
Agreement & Compliance
All participating hosts are required to sign a Factoring Agreement, which outlines:
- Payment terms
- Applicable factoring fees
- Assignment of payout rights
- Platform payout redirection
- Risk management and compliance provisions
