February Product Update: USD Balances, Multi-Currency Expansion & API Enhancements

Welcome to our February Product Update!

In this month’s product update, we’re introducing enhancements designed to remove funding friction, expand international collection capabilities, and deepen automation for partners. From pre-funded USD payroll balances to broader multi-currency settlement and expanded API functionalities. These updates are created with you in mind!

⭐ USD Balances for Businesses: Pre-Fund and Run Payroll Instantly

We’re introducing USD balances for businesses, a major step forward in making payroll execution more predictable and flexible.

Previously, payroll depended on incoming wires clearing before funds became available. That meant waiting for transfers to settle, monitoring funding status ahead of payday, and managing the risk of delays if funds arrived late.

With USD balances, that friction is removed.

Businesses can now deposit USD into their Bitwage balance at any time and use those pre-cleared funds whenever payroll needs to run. You can fund days or even weeks in advance, execute multiple payroll cycles against the same balance, and create payroll instantly without worrying about wire timing.

Instead of coordinating funding around payroll deadlines, you control the timing. Your team gains stronger cash flow visibility, more operational predictability, and the ability to execute payroll on demand.

Businesses can fund their USD balance using:

ACH (Next Day)

ACH (Same Day)

RTP

FedNow

FedWire

❗ For SWIFT transfers, please contact your account manager or support.

🌍 Expanded Multi-Currency Collection & Settlement

We’ve also expanded our multi-currency capabilities to help global businesses collect and settle funds more efficiently across borders.

Businesses can now collect payments in USD, EUR, and GBP, three of the world’s most widely used currencies for international trade. 

At the same time, funds can be settled directly into local business bank accounts in CAD, CLP, AUD, ARS, UYU, and GTQ.

This allows foreign businesses to invoice customers in the US, Europe, and the UK while receiving settlement locally. By reducing reliance on intermediary banking layers, businesses can improve foreign exchange execution, gain better rate transparency, and access funds faster.

The result is a smoother cross-border collection experience with greater control over currency exposure and working capital.

🔧 API Improvements for Deeper Integrations

To further support partners and platform integrations, we’ve expanded our API functionality.

Partners can now programmatically create businesses, as well as create and manage recipients on behalf of their clients. This enables better onboarding flows and payout configuration.

❗ Updated documentation is now available for API users, making it easier to build payroll and payout workflows on Bitwage.

We’re committed to building the infrastructure that makes global payroll and payments simpler and more reliable for modern businesses. If you’d like to learn more about enabling any of these features, our team is here to help.

⭐Stay tuned for more updates next month.