Automated Recurring Contractor Payroll
Set schedules once. Payroll executes automatically from your pre-funded Balance every period.
Explore the Bitwage Balance pre-funded treasuryManual payroll run initiation creates unnecessary operational overhead and introduces human error. Finance teams spend time every pay period uploading CSVs, setting amounts, and triggering payments — work that should be systematized once and then run without intervention. Bitwage's recurring payroll schedules automate this cycle.
Configure a payroll schedule once: contractor roster, payment amounts, currencies, payment methods, and cadence (biweekly, monthly, or custom). Each run auto-generates from the schedule, draws from your Bitwage Balance, and routes for dual approval before executing. If you need to skip a run, modify an amount, or add a contractor, you do it in the schedule — not in the run itself.
Pre-run notifications go out 48 hours before each scheduled execution. Finance teams review the upcoming run — who's being paid, how much, at what rates — and approve or make modifications. The automation handles everything else: FX rate locking, rail routing, settlement tracking, and ERP export after completion.
How Bitwage Solves This
- Powered by the Bitwage Balance pre-funded treasury
- FX rate locked at payment approval — zero slippage
- OFAC screening before every payment execution
- Full audit trail and ERP-ready export
Country-Specific Guides
Frequently Asked Questions
Yes. You can skip any individual run from the schedule dashboard without canceling the recurring schedule. You can also modify amounts, add or remove contractors, or change payment methods before any run executes.
Bitwage sends a low-balance alert 48 hours before the scheduled run. If the balance is insufficient at execution time, the run is held pending funding. You can fund via FedNow instant payment instantly or ACH for same-day or next-day execution.
dual approval workflow is required before every run executes — even recurring ones. Bitwage notifies both approvers 48 hours in advance. The run does not execute until both have approved. If one approver is unavailable, you can designate backup approvers.
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