Best Tools to simply pay your remote workers, contractors, and freelancers

Thanks to a lot of remote work tools, it’s easy to hire, onboard, and manage remote workers, contractors, and freelancers around the world. 

But beyond just hiring and management, there’s the problem of paying these workers, freelancers, and contractors once their work is done. 

Thankfully, there are platforms that help startups pay their remote employees and contractors regardless of their location. 

In this post, we take a look at some of the best tools you can use as a remote-first startup or company to get money across the world to your team. 

 

Wise (formerly TransferWise)

Launched in 2011, Wise has built a robust platform for businesses, freelancers, and startups to move money across the globe in a cheaper and more transparent way. With over 12 million global customers, there’s a reason why Wise is among the best and cheapest money international money transfer platforms out there. It’s ideal for:

• Small businesses
• Freelancers
• Startups that want to pay remote employees and contractors
• Digital nomad businesses
• Remote companies that want a way to manage payroll 
• Remote employees looking to receive salaries in their local currencies

Here are some of the features of Wise:

1. International money transfer
2. Move money between countries
3. Receive international payments in your local currency
4. Create and keep international bank accounts in Euros, USD, and 52 other currencies
5. Spend online using the Wise Card
6. Convert your money into any currency of your choice in seconds at the real interest rates
7. Link your account to Amazon, PayPal, and more.
8. Issue and manage multiple instant payments

With money transfer services in 80 countries, multi-language support, and seamless banking services for business accounts, Wise is a great platform for anyone looking to move money across the globe.

(Use my link to sign up to Wise and get the first £500 transfer for free) 

 

 

Payoneer

Payoneer is an international payments solutions provider that allows businesses, freelancers, and companies to send, receive, and manage online payments. The payment provider has about 5 million customers with money transfer capabilities in about 150 countries. One of the most popular products of Payoneer is its international card, which you can use in ATM machines across the world, shop online, and receive payments. Payoneer is ideal for:

1. Freelance businesses
2. Digital nomad businesses
3. Startups looking to pay contractors and remote employees
4. Online businesses and eCommerce brands 

 

Features of Payoneer

• Get Paid To Local Receiving Accounts
• Expand Into New Marketplaces
• Request A Payment
• Withdraw Your Earnings
• Pay Your VAT
• Pay Your Suppliers
• Connect With Our Partner Ecosystem
• Access Working Capital
• Free invoice generator

With over 5 million global customers, 24 global offices, support in over 35 languages, and more than 2,000 employees, Payoneer is well-positioned to provide all the tools and support you need as a freelancer, remote team, digital nomad, or small business. 

 

 

Skrill

Skrill is an online payments provider offering many features for freelancers, businesses, and remote teams. Skrill’s digital wallet allows you to keep accounts in 40 different currencies and it’s available in 120 countries. Skrill is ideal for:

• Small businesses
• Global or remote teams
• Freelancers
• Digital nomads
• Remote workers
• Cryptocurrency traders
• Betting enthusiasts

 

Features of Skrill

• Make payments online
• A card to use in many ATMs around the world
• Keep accounts in 40 different currencies
• Send money across borders
• Receive money in a currency of your choice
• Withdraw money to your local bank account

Founded in 2001, Skrill’s parent company is the online payments giant Paysafe. Over the years, Skrill has expanded its services, and recently added features for anyone to buy and sell cryptocurrencies. 

 

 

BitWage

Like the other payment solutions on this list, Bitwage allows teams and businesses to pay their remote employees. Freelancers and global contractors can also use the platform to accept payments in different currencies, including Crypto, which is Bitwage’s sellling point (ability to accept your salary in digital currencies). But Bitwage goes beyond just payments and international money transfers. It allow businesses to run a complete payroll for remote teams and also set up a 401k for their global workforce. Ideal for:

• Small businesses
• Remote startups that want to pay their global employees
• Companies that want to pay their remote employees in digital currencies and keep a payroll
• Freelancers that want to receive payments in a cheaper and faster way
• Remote workers that want to take their payments in digital currencies like Bitcoin or a fiat currency of their choice. 

 

Features of Bitwage

• International money transfers
• Receive salaries in digital currency such as Bitcoin
• Run and keep an excellent payroll for your global team
• Companies that want to offer Bitcoin 401(k)

 

 

Using a different payment provider as a freelancer, business, remote startup, or digital nomad? Comment your favorite tool here. Thank you.