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

When the pay run starts, Worksuite pulls the required funds from your bank account via wire.

This is the recommended option for ease and speed.

  • Hands-off convenience

  • Payments begin sending at the earliest opportunity


  • US/USD only

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

  • Your bank may assess a fee


Free
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 revenue

  • Full control over your finances


  • Manual process

  • There is a T+2 deadline to receive your funding, i.e., two business days from the pay run start

  • 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 Payment Operations team via our group email alias or our shared Slack channel for assistance.