thisopenspace’s payment system is designed to make transferring money between guests and hosts as simple and reliable as possible.
Once a booking is confirmed, you will be prompted to enter your banking information under the account section of your profile.
To edit your payout method:
- Go to Account on thisopenspace.com
- From the menu on the left, select Payout Information
- Fill out the form.
- Click Update Payout Information
A guest is charged the full amount once they accept an offer. thisopenspace transfers your host payout 4 weeks after payment. This is done to protect the guest and host as part of our cancellation policy.
If the booking is within four weeks of payment, your host payout will be initiated on the booking start date. You can expect the transfer to arrive in your account in 2-10 business days, depending on your bank.
- For example, if a guest books a space on April 1st for an event on August 1st, the host will be paid the week of May 1st. If a guest books a space on April 1st for an event on April 20th, the host will be paid the week of April 20th.
Paying outside the thisopenspace system is not secure, and we cannot provide access to these benefits when reservations are not booked directly through thisopenspace.