Insider Knowledge About the True Cost of Global Contractor Payments
The worst-kept secret in payroll software is the hidden fees that you get charged, especially when it comes to paying global contractors. We wrote this guide to walk you through:
The basics of currency exchange
Including: how do currency exchange fees and markups work? What’s a mid-market rate?
The nitty gritty of currency exchange
Answer questions like: What’s a SWIFT transfer? How does it compare to local bank transfers? What’s the difference between a provider rate and a customer rate?
Where payroll providers might hide costs
Get an overview of the different types of markups and fees you and your contractors may be charged.
How to minimize fees
Learn concrete ways to reduce costs for both you and your contractors, plus what kinds of questions to ask to vet providers.
