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Paying int'l employees

tim_faheytim_fahey Expensify Customer Posts: 3

It would be very helpful to have a streamlined way of being able to pay international (non-US) employees. There is a need to pay from a US bank account to a foreign bank account without requiring non-US employees to obtain a USD bank account. Other services for payments use something similar to Transfermate which allows a US bank to pay a foreign bank account by acting as an intermediary requiring zero touch on both sides and allowing the employee to receive funds in local currency which allows the transactions in the system to remain in local currency to avoid FX loss for the employee. No special accounts for the employee to sign up for on an unintegrated 3rd party site and no FX loss for the recipient of the funds and it is a low or no cost solution.

1 votes

Understanding the Issue · Last Updated


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