Payout currency options

Level 2
181 Views

Dear Community

I’m new to this platform and wanted to ask your advice

I have a UK company that rents villas, mostly in Sardinia, Italy

I have published a couple of properties on Airbnb, to target a certain market

My clients pay in euros, and in UK, I have a bank account with GBP Sterling, Euros, and US dollars

I don’t have the option to be paid in euros unless I register with Payoneer

If not, I could ask for payment in GBP sterling, then convert to euros to pay the owners

Which would you recommend?

I haven’t been able to contact customer support at Payoneer to ask about fees

Your advice would be hugely appreciated

Thank you

Rebecca 

5 Replies

Re: Payout currency options

in
Balearic Islands, Spain
Level 10

Maybe I've missed something. You can't be paid in euros? Why not? 

Re: Payout currency options

Level 2

 

Hi Elaine

Thanks for this

I have a UK company, and the only payment options Airbnb gives is in GBP 

To be paid in euros, I have to do it via Payoneer, but I’d really rather not

Alternatively, I can be paid in GBP then pay owners in euros, but the exchange will mean I lose out

Thanks for any advice

Rebecca

Re: Payout currency options

in
Balearic Islands, Spain
Level 10

@Rebecca1417 

 

Oh, well, in my listing setup, I have a choice of Euros, USD, or GPB. Airbnb may offer different choices in different parts of the world. Still, I can't understand why they would limit it to GBP in British accounts, since the Euro and USD are much more common currencies, and at least in our case, most guests come from either Europe or North America anyway. But perhaps it's something in British law that requires all transactions in GBP. 

 

I hope you can sort it without too much pain. 

Re: Payout currency options

Level 2

 

Dear Elaine

Thanks very much for your comments

Payment methods in UK are:

PayPal in GBP

PayPal in USD

Bank transfer in GBP

Payoneer Prepaid Debit MasterCard in EUR

 

…which is a real nuisance!

 

I could set up a bank transfer in GBP, but when I pay owners in Euros, I’m going to be charged for the currency conversion and be susceptible to exchange rates

 

Would be great to know what other people in my position do

 

Thanks again

Rebecca

Re: Payout currency options

in
Tirana, Albania
Level 2

@Elaine701  Yes, in different countries airbnb offers different payouts options. I’m in the same position and I don’t know how to solve it.I hosting in Albania, my payouts are in Us dollars not EURO

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