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Hi there, @hr-dhtechconsult.
The option to do a wire payment is available in QuickBooks Online. You may need to turn on the multicurrency feature to do this process. I'd be happy to show you the steps below:
I've added this article about recording the wire transfer manually just in case you want to do the payment outside QuickBooks: How to record a wire transfer.
I'll be here if you have other questions. Feel free to let me know in the comment section and I'd be happy to assist you further. Take care.
Is there a way to do a wire transfer via Quickbooks BillPay to foreign vendors?
Thank you for joining this Community thread, jajageronimo2507
Currently, QuickBooks Bill Pay does not offer the option of paying foreign vendors through wire transfer.
You can, however, consider using a third-party application to help you process those funds. To do so, you can go to the Apps menu within QuickBooks or visit this link to our website: Apps help QuickBooks run better.
To learn more about QuickBooks Bill Pay, you can check out this article: Learn about QuickBooks Bill Pay.
If you have any other questions or need further assistance with QuickBooks. please don't hesitate to leave a comment. I'll be here to help.
You can sign up for a free Melio account to integrate with QBO and pay your international vendors. The fee is $20 per transaction.
https://affiliates.meliopayments.com/quickbooks
You can also get a cashback to pay the first bill. Make sure to click the Get $100 cashback button to sign up.
https://affiliates.meliopayments.com/cashback
How do I process wire transfer to an international vendor in QB Online?
It doesnt show this image on my end. Does that mean it can only be accessed by the admin user?
This image is not available on my end. Is this something that only admin user can access?
Have you sign up for a free Melio account as I mentioned earlier?
The Melio is already integrated on my client's quickbooks account. When I try to click it, it says that I have to contact the owner
Ask your client to invite you as the Contributor to access Melio.
Hi, I've successfully added an international vendor to our QB but how do we know the cost of wire transfers to a Euro account? how many days of processing? Is it advisable to keep the currency to USD when sending the payment to an international vendor or should we register the vendor according to their currency?
Thanks for chiming into this thread, Jaja. I'm here to shed some light on how you can pay your international vendor in QuickBooks Online (QBO).
Currently, QuickBooks Bill Pay does not offer the option to pay international vendors directly. It only supports US payments in US dollar currency. This comes with different payment processing times, which are 3-5 business days for ACH and 8-10 business days for checks.
Regarding the currency you will use for your vendors, it would be recommended that you utilize their currency so you'll have an exact exchange rate in USD.
In the meantime, you can consider using a third-party application to facilitate this process. You may want to explore the QuickBooks Apps Store for available options.
You can also check out this article to learn more about running reports to determine how much you're paying your vendors: Run a report with vendor totals.
I can always circle back if you have additional questions about handling vendor payments in QBO. Just let me know by leaving a comment below.
You can sign up for a free Melio account to sync with QBO and pay your international payments. Their fee is $20 flat. You can also get a $100 cashback. They will need 4-5 business days to process your payment by Wire (IBAN).
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