I'm based in the US. Can I connect my Payoneer accounts (GBP and Euro) to QBO?

dean38 · ‎June 06, 2021

MirriamM · ‎June 06, 2021

Welcome to the Community forum, dean38.

Yes, you can connect your Payoneer accounts (GBP and Euro) into your QuickBooks Online (QBO) US account. To do so, you'll need first to turn on the Multicurrency feature. Before doing so, please know that once the Multicurrency is turn on, you can no longer turn it off. Thus, I recommend first checking with your accountant.

To turn on Multicurrency, here's how:

Click the Gear icon at the top.
Select Account and settings.
In the left menu, click Advanced.
Go to the Currency section and click the pencil icon.
Choose your Home Currency.
Select the Multicurrency checkbox and confirm that you understand that you can't undo this option.
Click Save and close.

Once done, you can now connect your bank that uses foreign currencies. Then, it allows you to add transactions in those currencies to QBO.

To know more about the Multicurrency feature and how to add a bank account, see the below articles:

If you have any other questions for me, feel free to reach back out. I'll be more than happy to answer it for you. Have a great day.

View solution in original post

MirriamM · ‎June 06, 2021

Welcome to the Community forum, dean38.

Yes, you can connect your Payoneer accounts (GBP and Euro) into your QuickBooks Online (QBO) US account. To do so, you'll need first to turn on the Multicurrency feature. Before doing so, please know that once the Multicurrency is turn on, you can no longer turn it off. Thus, I recommend first checking with your accountant.

To turn on Multicurrency, here's how:

Click the Gear icon at the top.
Select Account and settings.
In the left menu, click Advanced.
Go to the Currency section and click the pencil icon.
Choose your Home Currency.
Select the Multicurrency checkbox and confirm that you understand that you can't undo this option.
Click Save and close.

Once done, you can now connect your bank that uses foreign currencies. Then, it allows you to add transactions in those currencies to QBO.

To know more about the Multicurrency feature and how to add a bank account, see the below articles:

If you have any other questions for me, feel free to reach back out. I'll be more than happy to answer it for you. Have a great day.

Jay_Odi · ‎January 26, 2023

I know this thread is already old but I would like to ask if we can connect Payoneer US to QuickBooks Online US?

I wonder why I only see Payoneer EU and UK to QBO US?

AlcaeusF · ‎January 26, 2023

Hi @Jay_Odi,

I appreciate you for taking the time to check older posts related to your concern. I can clarify things about connecting Payoneer US to QuickBooks Online.

The accounts you can connect to QuickBooks depend on the banks and payment platforms. Once they allow the connection, we include the names in our supported list in the Banking section.

Payoneer integrates with us to enable users to sync accounts and simplify reconciliation with your transactions. For now, they only allow connections for customers based in the UK and the EU (with a few exceptions).

For more information about the supportability, check out their website through these links:

Our system encourages users to send a request for those unsupported banks. This way, we can coordinate with them regarding the needed integration (see screenshot below).

Also, we allow the manual importing of transactions for banks and payment platforms that provide CSV files. I've attached an article you can check for detailed instructions: Manually upload transactions into QuickBooks Online.

Reach out if you have more questions or concerns about QuickBooks Baking. We're always around to lend a hand. Take care always.

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I'm based in the US. Can I connect my Payoneer accounts (GBP and Euro) to QBO?