How to add contractors and schedule payments
First you need to add a contractor and fill in their payment details.
You can also invite your contractors by email and let them add and control their own payment details, see upcoming payouts, and more.
To schedule a payment you need to go to contractor's profile, click on
Edit details and add compensation. If you want that payout to automatically repeat, you can set up a pay schedule for that contractor. You can choose if you want to get them paid once a month, once every two weeks, etc.
To cancel a scheduled payment please get in touch with our support team.
When a contractor will receive the payment
When you schedule a payment, you can select a
First Pay Date , which is when funds should be delivered to the contractor. We try to time it so they get it exactly on that date, but with international transfers we can’t always control the timeline in 100%.
We process all contractor payments on a 4-day cycle, because it takes a couple of days for an ACH payment to clear. We want to make sure your payment won't get reverted before we send funds to the contractor.
If your recipients see that funds take longer to deliver, please get in touch with our support team. We can look into that and see if there’s anything we can do to speed things up.
How much does it cost
We charge $20 per contractor per month.
We don’t charge any transaction fees, but your contractors bank might. We try to send funds using local payment methods when possible, to minimise the changes of your contractors' banks or intermediary banks charging them to receive funds.
There are no hidden fees. Read more about pricing.
How do you convert currencies
We’ll convert the funds to whatever currency contractor's bank account is in. We match TransferWise’s exchange rate, so contractors get a better rate than if their bank converted it for them.
When contractors add a payout method, they can specify what currency that account is in. If they say it’s EUR, we’ll always convert whatever you pay to EUR before sending it to them. If they say USD, we won’t do any conversion.
By default, we send funds in the most 'local' way, that is by domestic transfer and in local currency, when possible. This minimises fees for everyone, plus we can offer better currency exchange this way.
Check out the list of countries that we support.