Transferwise Payroll Setup

You can use Transferwise to pay your team on Hubstaff. This is available on our Premium plans. It will allow you to pay your team automatically without needing to worry about anything!

Table of Contents

  1. Setting up Transferwise (Organization)
  2. Connecting your Transferwise (User)
  3. Adding Member to Payroll

Setting up Transferwise for your Organization

Step 1

Select the Payments tab, Payroll, and then Add Payment Account.

Step 2

Select Set Up on the Transferwise section.

Step 3

Make sure you meet the requirements for the set up and that you are logged in on your Transferwise account, then select Connect.

Step 4

It will then ask you to Allow Hubstaff to get your information on Transferwise.

Step 5

You will then need to select the account on Transferwise you will be using, then click Connect.

 Accepts: Bank transfer for deposits into Transferwise balance. Borderless account funds are required to make transfers.

 Fees: 2% capped at $1 for US transfers or $20 for international. An additional 2.5% is charged for currency conversions.

 You will need to have at least one account on your Transferwise in order to set up this payment account.

Connect your Transferwise Account as a User

Step 1

Select the avatar menu on the bottom left and then click Payment Accounts.

Step 2

Click Add Default Payment Account.

Step 3

Select Set Up for the Transferwise option.

Step 4

Fill in your Transferwise email address and name and click Connect.

Adding Member to Payroll

Step 1

Select Add Member to Payroll on the Payments > Payroll page.

Step 2

Enter in the Pay Period, Pay Type, Pay Rate, and Bill Rate for the member and select Save.

Step 3

Select Set Up Gateway on the Payroll page.

 

Step 4

Select Set Up on the Transferwise option.

 

Step 5

Enter in the user’s Transferwise email and name and select Connect.

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