How to Pay Contractors
in Philippines
Pay Philippines-based contractors via PESONet, InstaPay, Local Bank Wire. Average settlement: Same day.
Philippines Payment Overview
Philippine Peso · PHP
How You Pay in Philippines
You fund in USD, stablecoin (USDC/USDT), or BTC. Your contractor in Philippines chooses how they receive it. Bitwage handles the conversion and routing.
Compliance screened
Optimal rail selected
Payment Rails Available in Philippines
Choose the right rail for each contractor. Click for full setup instructions.
PESONet
Philippine EFT network for batch credit transfers — settles up to 3 times per day on business days.
Fees: 0.5–1%
InstaPay
BSP-operated real-time low-value retail payment system available 24/7.
Fees: 0.5–1%
Local Bank Wire
Standard PHP bank transfer to any BSP-registered bank account.
Fees: 1–2%
How Bitwage Works in Philippines
Bitwage connects your USD balance to Philippines's local payment infrastructure. You fund once, we route to each contractor via their preferred rail.
Fund Your Balance
Deposit USD into your Bitwage Balance. No need to pre-convert to PHP.
Add Contractors
Enter each contractor's payment details — CLABE, IBAN, wallet address, or local account number. Or upload a CSV.
Execute & Settle
Bitwage locks the FX rate, converts, and routes via PESONet. You get a settlement confirmation for every payment.
Compliance Notes
Philippine contractors must comply with BIR income tax reporting for foreign-sourced income. Bitwage collects W-8BEN and performs OFAC screening on every payment.
FX Considerations
The PHP is managed by the Bangko Sentral ng Pilipinas (BSP). Bitwage locks the USD/PHP rate at execution to eliminate intraday FX exposure for both payer and contractor.
Key Terms
Paying Contractors in Philippines FAQ
Common questions about PHP payments, local rails, compliance, and FX.
PESONet is a batch settlement system that processes transfers up to 3 times per business day, while InstaPay is a real-time system operating 24/7 for transfers up to PHP 50,000. For most contractor payments, InstaPay is faster. Use the fx rate lock to protect both options from intraday rate movement.
Contractors sign up for a Bitwage account, verify their identity, and provide their Philippine bank account number and bank name. Bitwage then validates account details before the first payment. See contractor payments for the full onboarding flow.
Yes. masspay supports batch payment across PESONet, InstaPay, and local bank rails simultaneously. Upload a single CSV, confirm the FX-locked amounts, and execute in one click.
Yes. Contractors who prefer to hold dollar-pegged assets can receive usdc directly to their crypto wallet. This is popular with tech and BPO contractors who want to protect earnings from PHP volatility.
GCash and Maya both participate in InstaPay, so contractors using these apps can receive payments via the InstaPay rail. Track every settlement in real time using our on chain tracking dashboard.
Ready to Pay Contractors in Philippines?
Fund your Balance once. Pay via PESONet in Same day.