TEAM WAGES

Teams deliver international wages to employees and contractors faster than ever before


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create and approve payrolls via:

Manual or CSV upload on Website

Mobile (iOS & Android)

Time-Tracking Integration

API


If you create a payroll or are invoiced by an overseas freelancer, contractor, or employee, Bitwage supports 7 possible default currencies and different funding methods for each.
The payroll amounts are priced in and received in the employer's default currency and if sent in a different currency, they are automatically converted into the default currency. See currencies and funding methods list below and also here. Limits exist for paying via credit card and ach debit.

  1. USD (ACH Credit, ACH Debit, Domestic Wire, SWIFT, Credit Card)
  2. EUR (SEPA Credit, SEPA Urgent, SWIFT, Credit Card)
  3. GBP (CHAPS, SWIFT, Credit Card)
  4. CHF (SWIFT, Credit Card)
  5. CAD (SWIFT, Credit Card)
  6. AUD (SWIFT, Credit Card)
  7. JPY (SWIFT, Credit Card)

Bitwage gives the worker unique distribution preferences for each Internal Employer.
Once Bitwage receives the funds from the Employer, the received total is sent to a single distribution or split between 2 distributions in any integer percentage. For each distribution users can choose one of 3 distribution types including a savings account and debit card seen here.

local currency options:

  1.  Philippine Outputs (PHP Bank Deposit, Cash Card, Cash Pickup, Mobile Money)
  2. Brazilian Outputs (BRL Bradesco, Caixa, Banco do Brasil Intra-Bank Transfer or TED Deposit)
  3. Indian Outputs (INR Bank Deposit)
  4. Mexican Outputs (MXN Bank Deposit)
  5. Argentine Outputs (ARS Bank Deposit)
  6. Vietnamese Outputs (VND Bank Deposit)
  7. Nigerian Outputs (NGN Bank Deposit)
  8. United States Outputs (USD Bank Deposit - ACH Credit)
  9. 34 SEPA Zone countries (EURO Bank Deposit - SEPA Credit). SEPA Countries. (EU + EEA + others with agreements): Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain, Bulgaria, Croatia, the Czech Republic, Denmark, Hungary, Poland, Romania, Sweden, United Kingdom, Iceland, Liechtenstein, Norway, Monaco, San Marino, Switzerland.

There are no fees for our base products. Our exchange rates are found here.
See the fee list below for Team Wages premium features. See fees for other features here.

Team Wages

Funding Payrolls with ACH Debit: 0.50% + .50 USD per payroll charged to Employer
Funding Payrolls with Credit Card: 3.50% + .30 USD per payroll charged to Employer

Local Currency Distribution

1.00% per deposit charged to recipient except if recipient is subscribed to Bitwage.Me

Case Study

Problem:

"Although there are the big gorillas in this space, like PayPal or Western Union, none of them offer the flexibility necessary to operate an efficient global company. ...The main [issues] are the 1) speed to get funds to the contractor and 2) the awful exchange rate. Specifically for us, we were looking to get our employees in the Philippines money in a timely manner. Some of the specific options that we tried were Remitly, Transferwise, Paypal, Western Union, Xoom, and a few other small ones."

Solution:

"We finally settled on a new, innovative start-up called BitWage. ....Within minutes, we were set up to start sending payments to our employees in the Philippines and although there were hiccups in the beginning, none of these issues were ever too large to overcome. Besides having amazing customer support, BitWage offers a great exchange rate and timely service."

-Ryan Stomel, CEO, Call Criteria

Others using Team Wages