Low Cost Crypto Payroll Solution

BitPay enables businesses to pay their employees in cryptocurrencies without ever having to buy, hold or manage cryptocurrency. This provides employers with all of the unique benefits of crypto, without having to deal with legal and accounting practices associated with cryptocurrency payments. As an extremely flexible payroll solution, BitPay Send can be used to pay all or a portion of payroll via cryptocurrency. Employers can also give supplemental pay, bonuses or surprise gifts with crypto.

Leveraging BitPay Send as an employer is just as easy, if not easier, than sending payments in your traditional payroll system. The employer funds their BitPay account with fiat currency, configures payout details and invites recipients via email. Employees allocate a portion of their earnings to whatever digital asset they like. Selecting their preferred cryptocurrency and payment breakouts gives employees the flexibility to get paid how they’d like and makes the process easier on employers. BitPay converts the fiat into the desired cryptocurrency and delivers the crypto to the recipient. Once the payment is confirmed, the recipient will receive their cryptocurrency to their wallet address.

Blockchain technology enables fast, secure and efficient payroll anywhere in the world. Sending Bitcoin or other cryptocurrency is faster and cheaper than traditional payroll rails and doesn’t require any bank or institution. It can also be an enticing benefit to attract top-talent that want to work at a modern company and be paid in cryptocurrency.

Yes, BitPay Send is compatible with all major payroll systems. It is built to complement your existing payroll system, not replace it. You can upload a list of recipients and the amount owed exported from your payroll system. Simply load the data and schedule the funds to be sent any time. Data from popular payroll systems like Paychex, ADP, Workday, Paycor, Quickbooks, along with other top systems, can be loaded via the BitPay Send dashboard.

With BitPay, you can send Bitcoin and all of the top cryptocurrencies. Currently, we support payouts in the following cryptocurrencies: Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu (SHIB), ApeCoin (APE), Polygon on the Ethereum network (MATIC_e), Dai (DAI), USD Coin (USDC), Wrapped Bitcoin (WBTC), Pax Dollar (USDP), Gemini Dollar (GUSD) and Euro Coin (EUROC). More currencies and networks are on the way.

No, BitPay Send is compatible with all of the most popular crypto wallets. We support 100+ wallets including Coinbase, Trust Wallet, Exodus, Kraken, Binance and virtually any other wallet your employees may want to use.

Employers will pay a low percentage based fee based on the total transaction amount. Transaction fees are often much lower than that of traditional payroll rails.

No, senders are not responsible for paying unexpected miner or exchange fees. BitPay adds an extra layer of efficiency in the crypto payments ecosystem helping you bypass tricky exchange fees. Instead of paying exchange fees to buy crypto and then paying another miner fee to send crypto, employers pay one low flat fee based on the amount of crypto being sent.

Contact the BitPay team to get started using the BitPay Send crypto payroll solution.