For each set of payments we process to your freelancers, we receive your funding in a dedicated Payment Processing Funding Account (PPFA).
To suit your Finance/AP preferences, Worksuite offers multiple options to transfer pay run funding to your PPFA.
|Reverse Wire / ACH Debit|
When the pay run starts, Worksuite initiates a transfer from your bank account via wire or ACH.
This is the recommended option for ease and speed.
|Pay Run Funding Advance (PRFA)|
When the pay run starts, Worksuite advances the funding and invoices you on a monthly basis along with your payment processing fees.
4% on 30 day terms
6% on 60 day terms
8% on 90 day terms
|Push funding in lump sums||Free|
|Push transfer of pay run amount upon receipt of each funding notification|
*Please note that Worksuite does not invoice for pay run funding as it is not our own revenue
*PRFA requires funding currency to be USD, however, vendors may choose a non-USD currency when adding bank information. Payments will be exchanged to their preferred receiving currency and processed. Please note standard FX banking rates may apply.
For questions regarding these methods or to change your funding method to better align with your processes, please reach out to your account manager and/or Worksuite's Global Pay team at: email@example.com