Payroll is a huge pain for many businesses, but especially those with remote teams spread across the globe. Not only are they balancing spreadsheets to figure out how much each team member is supposed to be paid, but employers have to use multiple different services to pay them based on what country they live in.
Today, we’re happy to announce that things just got a lot easier for our US-based clients.
We’re releasing an integration with Bitwage, which will allow our users to automatically pay their distributed teams via bank transfer or credit card with minimal fees in 25 different currencies.
You can choose to fund your account with either a USD bank account (free if funded with bank wire or ACH credit, 0.5% fee for ACH debits) or a credit card (for a 3.5% fee). Once you’ve connected your Bitwage account with your bank or credit card, they will automatically debit the money needed for payroll every pay period.
Once Bitwage receives the money (this generally takes 1-3 days), they are able to leverage their extensive network of international banks to offer same or next day payments directly to your team members’ bank accounts in the US, Philippines, Brazil, Mexico, India, and EU, all while charging you as little as 1% for any currency conversions.
They are able to offer these low rates by taking advantage of Bitcoin’s minimal cost structure and ease of transfer, but for the employers and employees, no knowledge of Bitcoin is needed.
For users outside those countries, Bitwage partnered with the cloud online banking service, Uphold, to be able to offer payments in 25 different currencies. From there they can either withdraw the funds to a local bank account, or they can use Uphold’s debit card.
Once you’re setup, you’ll be able to automatically pay your team via credit card or bank account. No more messy spreadsheets to figure out what everybody is owed, and no more juggling 3 different high-fee services.
By integrating with Bitwage, you’ll be able to:
- Automate payroll and payments based on hours worked.
- Pay teams using a credit card or bank account.
- Save serious money by paying as little as 1% for currency conversions.
- Set your preferred payment schedule to process payroll weekly, bi-weekly, or monthly
- Easily Download or export your time reports for business records.
Manage payroll in seconds
The Hubstaff-Bitwage integration is simple to set up and once you’re started you can use those hours you used to spend every processing payments on growing your business.
Automate your payroll today and start saving time and money. Check out the step-by-step instructions to get started.
Still have questions? Contact us at email@example.com and we will help make sure you have all of the information you need to see if Bitwage, or one of our other payroll integrations, is a good fit for your business.