Withdraw Funds/Team Payment Export

Withdraw Funds/Team Payment Export

Question:

How do you withdraw funds from your Hubstaff account?

Answer:

Hubstaff doesn’t store any funds, but rather allows employers 2 methods to pay their team members:

1: Use Payroll to Automate payments (With the option to select the ‘Timesheet Approvals’ option so that time tracked gets sent for payment processing only once the organization owner approves the user’s timesheet for the Selected Pay period). Learn more about it here.

Hubstaff also provides a 2nd option for employers to pay their team outside Hubstaff: They can export time worked to PayPal MassPay, Payoneer, Quickbooks, and CSV. Using that data they are able to pay their teams.

Step 1

Click on the Send page under the Payments section of the left sidebar (Under admin), then select my team and the dates that include the time you wish to mark as paid. Here see the total amount of unpaid total, then click Send payment to initiate the payment.

Step 2

As you click Send Payment you shall see an option to send the payment. Here go to Export tab, select the Payment gateway that for which you want the export file, and then click Download.

 

The exported payment will show up as Complete in the “Past” payments page. Furthermore, work hours that had been marked as paid are considered immutable and the changes cannot be undone.

Click here to learn how to upload the exported Mass Pay file to Paypal and submit a payment.
To learn how to how to upload the exported Batch file to TransferWise and submit a payment click here.

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