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Wise Payroll Setup

Hubstaff, Payments

Setting up your Wise Payroll

This guide is intended to help teams process payroll seamlessly using Hubstaff’s Wise integration (formerly TransferWise).

Wise payment

If you are a team member (User) within your organization, and you need help setting up your Wise account to receive payments, please see our guide here.

This feature is available on Team plans or higher.
Each individual Wise Payer account can only be used on one Hubstaff organization.

For more information about how to pay your team, click here.

Setting up Wise for Your Organization

Step 1

Navigate to the sidebar, then click Financials > Manage payroll.

Payroll Overview Financials Payroll 2

 

Alternatively, you may navigate to Settings > Integrations, then choose Wise.

menu settingspolicies integrations

Step 2

Click the Connect button on the Wise integration.

wise connect button

Step 3

Make sure you meet the requirements for the setup and that you are logged in with your Wise account, then select Next.

Required steps before setup

Note: If you are a U.S.-based company sending money to recipients in USD, please contact Wise support to unlock that feature. See the details here.

    1. Ensure the Wise account is set up as a business account.
    2. Enable two-factor authentication for the account.
    3. Add a balance to your Wise account in your organization’s currency.

set up wise integration

Step 4

After logging in, you’ll be asked to choose which account you’d like to connect. Please make sure to select your Wise business account – personal accounts cannot process payments.

wise account selection page

Step 5

Click the Give Access button to provide Hubstaff authority to access your Wise account.

wise hubstaff access permission

Step 6

Select your Wise business account on the Hubstaff integration page, then click Save.

wise select account

Personal accounts are not eligible to make employee payroll.

Step 7

Select the Wise account you wish to connect to your payroll. Please note that only business accounts are eligible to make payroll payments.
wise select account wizard

Step 8

After choosing the Wise account, you can configure which users you’d like to add to your Wise payroll, then click Finish.

add members wise integration

Step 9

Finally, navigate to your Wise integration’s Settings page to configure if the receiver or the sender pays the transfer fees.

wise fee payer

 

Accepts: Bank transfers for deposits into Wise balance. Business accounts are required to make transfers.
Transfer fees vary per country and currency. Typically less than 1% of the total transfer amount. Please contact Wise support to learn more.
You will need to have at least one business account on your Wise to set up this payment account.
For instructions on how to add a member to payroll, please visit our guide here to learn more.
Certain currencies might not support email transfers.
Users can’t make transfers to an email address or a primary account when sending from BRL, or if you are sending to PEN, BDT, COP, CNY, INR, UAH, or USD to a bank account outside the US.
Some business transfers are restricted by Wise. Click here to learn more.
The Wise API only supports email transfers. Bank transfers are not supported.

 

 

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