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.

Funding Type

Benefits

Limitations

Pricing

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.

  • Hands-off convenience

  • Payments begin sending at the earliest opportunity


  • Requires a one-time setup/authorization process: coordination with your bank and testing the connection between accounts

  • Your bank may assess a fee, especially for reverse wire

  • ACH will incur a 1-day processing delay


Free
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.

  • Hands-off convenience

  • Payments begin sending at the earliest opportunity

  • Frees up cash on hand

  • Ideal option for procure-to-pay finance systems* (see push transfer below)


  • This option carries a fee for Worksuite assuming the risk associated with advancing the funds


4% on 30 day terms

6% on 60 day terms

8% on 90 day terms


Push funding in lump sums

  • Reducing the frequency of funding transfers reduces manual effort and wire fees

  • Payments begin sending at the earliest opportunity, drawing down on the available balance


  • Manual process

  • Requires tracking deposits against pay run totals to ensure you neither run a higher balance than desired nor come up short and delay payments


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

  • Full control over your finances


  • Manual process

  • Payments await funding before release, i.e. they will be delayed if funding is not sent in a timely manner


Free

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: paymentops@worksuite.com