Welcome to the Pridebnb Resource Center, your go-to destination for understanding the ins and outs of hosting on our platform.
Updated: Mar 17, 2024
In this guide, we explain the Pridebnb's service fees, helping you grasp how they affect both hosts and guests. Armed with this knowledge, you can develop a pricing strategy that aligns seamlessly with your hosting goals.
How Much Does Pridebnb Charge Hosts?
For many, hosting on Pridebnb is a rewarding way to earn income while making connections with travelers from across the globe. But it's crucial to understand how Pridebnb's service fees work and their impact on both you as a host and your valued guests.
At Pridebnb, we prioritize transparent pricing for a delightful experience. Here's a breakdown of Pridebnb's service fees:
Hosts: Hosts pay a flat service fee of 2% of the booking total. Hosts must consolidate all fees into one total amount, ensuring transparency and building trust within our community. The booking comprises your nightly rate as well as taxes (the responsibility for tax collection lies with the host.) It does not include Pridebnb fees.
Guests: Guests are subject to a flat service fee of 5% of the booking total, which is included in the overall price of their stay. In contrast, platforms like Airbnb charge guests a higher fee of 14%. More details to follow.
A Practical Example: Let's say you charge $100 USD per night for a 3-night stay, resulting in a booking subtotal of $300 USD. In this case: You would earn $294 USD. Your guest would pay a total of $315 USD.
At Pridebnb we believe in transparency. That's why we do not charge additional fees for payment processing. The fees that our payment process provider Stripe charges (2.9% + 30 cents) is already included in the Pridebnb fees. Pridebnb's service fees are competitive and low compared to other platforms, and contribute to maintaining and enhancing our platform, ensuring it remains seamless and reliable for all users.
Comparing Service Fees: Airbnb vs. Pridebnb
Pridebnb:
Hosts pay 2% service fee.
Guests pay 5% service fee.
Example: For the same $360 USD booking (3 nights at $120 USD per night):
Guests pay 5% service fee.
Example: For the same $360 USD booking (3 nights at $120 USD per night):
- Host earns $352.8 USD
- Guest pays $378 USD
Hosts pay 3% service fee.
Guests pay 14% service fee.
Example: For a $360 USD booking (3 nights at $120 USD per night):
Guests pay 14% service fee.
Example: For a $360 USD booking (3 nights at $120 USD per night):
- Host earns $349.20 USD
- Guest pays $410.40 USD
When opting for Pridebnb over the equivalent Airbnb listing, hosts experience higher earnings (~$353 versus $349), while guests enjoy lower costs ($378 versus $410). Pridebnb ensures a straightforward and cost-effective booking process with a modest 7% service fee, promoting transparency, affordability and user-friendliness.
Why Does Pridebnb Charge Service Fees?
At Pridebnb, we rely on service fees to support the smooth operation of our platform and to cover the costs of various services and features designed to help you host successfully. These services include:
- Customer Support: Our dedicated support team is available around the clock to assist hosts and guests.
- Marketing Efforts: We invest in marketing strategies to attract guests through channels like Google and social media.
- Platform Safety: Pridebnb offers host guarantees and verification system that guarantees safety to both guests and hosts.
- Educational Resources: We provide hosts with valuable educational resources and tools to enhance their hosting experience.
Making Fees Transparent to Build Trust
We encourage hosts to include all fees in one total amount to promote transparency and build trust within our community. This approach ensures that guests are fully aware of the costs they will incur when booking a stay, eliminating any surprises.
In addition, you'll never have to search for your total price when responding to guest queries, processing refunds, managing cancellations, or handling reservation requests. It's all there at your fingertips.
In Conclusion
Understanding Pridebnb's service fees is a crucial aspect of being a successful host. By knowing how these fees work and how they impact both you and your guests, you can confidently set your pricing strategy, offer competitive rates, and provide an exceptional hosting experience.
Please note that the information contained in this article is subject to change, so it's essential to stay updated with Pridebnb's latest policies and fee structures through our official channels.
Thank you for choosing Pridebnb as your hosting platform. Happy hosting!