While finding and onboarding international contractors has never been easier , foreign exchange (FX) conversion costs and cross-border transactions can make contractor payments challenging.
As a result, we’ve updated our platform, enabling contractors to invoice and receive payments in the supported currency of their choice — with guaranteed payouts.
This will give both businesses and contractors more flexibility in their payments, and eliminate the hassle of currency calculations and conversion woes.
So how does it work?
Invoicing in a chosen currency
When invoicing through Remote, contractors can now specify which currency they want to be paid in, with a guaranteed payout amount.
On the invoice creation page, contractors simply need to choose between their withdrawal currency or their client’s billing currency, and then submit the invoice.
Invoice in contractor currency only works when Remote pays out directly to the contractor's local bank account. Remote cannot offer invoice in contractor currency or guaranteed payouts for Stripe Connect where FX is involved.
