Buying Business Property in a Foreign Country: A Comprehensive Guide
Thinking about buying business property in a foreign country? Explore key considerations, legal requirements, and tips for success.
Are you tired of juggling multiple payrolls for your global workforce? In such an interconnected world, international payroll services have become a must-have for running a business across borders. These services will make paying your global team a breeze.
But with so many out there, deciding which is the best fit for your company can be overwhelming. That's why we've done the research and compiled a list of the 14 best international payroll services you should know. We’ll also show you how Wise Business can help you seamlessly support your global team’s payroll.
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International payroll processing and management is the art of compensating employees who work for a company based in one country but may be scattered across the globe.
Multi-country payroll can be quite the challenge since each country has unique employment regulations, payment methods, and tax laws. In essence, it involves making sure that your global team is paid accurately and on time, all while complying with the various laws and regulations of each country.
International payroll services are like the silver lining of all of this - here to help simplify the process and make it easier for businesses to manage their global workforce.
Payroll management for international employees can be tricky business. With each country having its own set of unique requirements, keeping track of everything can get complicated. To add to the challenge, things like exchange rates and language barriers make the process feel like a never-ending maze. Here are some key things to keep in mind when managing international payroll:¹
As more businesses started expanding their reach globally, along came international payroll services. There are a plethora of excellent services available to help businesses navigate global payroll management.
In this section, we'll take a closer look at some top international payroll processing options available today that can help businesses of all sizes simplify international payroll processing.
Wise has an easy-to-use instant payments system for both domestic and international payments. Small business and enterprise can access this feature with no additional cost after getting a Wise Business account.
How can businesses use Wise for payroll?
Businesses can sign up for an account and send up to 1000 payments with a single click with the batch payment tool.
Set up recurring and automatic payments
Businesses can set up recurring, automatic payments, transfers , standing orders by connecting to Wise’s API. There is no extra payment for this service.
Connect to your accounting software
You can connect your Wise Business account to your current account software, such as QuickBooks, Xero, Sage, and Wave.
Wise’s core strengths for payroll:
What sets Wise apart is its commitment to providing a mid-market rate for currency conversions and international payment fees. This means that businesses get a fair and transparent deal when converting currencies. In addition, businesses can
Another perk of using Wise for international payroll is its extensive coverage of over 70 countries and 50 currencies – using the same international money transfer features as their consumer accounts. With features like automatic payment scheduling and API integration, small businesses can streamline their payroll process, freeing up valuable time and resources for other important tasks.
Features | Price |
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Mid-market exchange rate for currency conversions, payments to 70+ countries in 50+ currencies, delivery estimator, real-time tracking, pay-to-email | Free to sign up for US business accounts, no monthly fees, no minimum balance requirements, transparent and competitive rates, and free access to API, batch payments, and integrations features. |
US-based business can access the payroll and Wise API features at no extra charge
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Papaya Global is a comprehensive automated global payroll SaaS platform. Their all-in-one platform combines payroll, HR, and workforce management into a unified solution. Businesses can streamline their global payroll process while also offering unique global benefits without barriers.²
One of the standout features of Papaya Global is its compliance experts, which ensures that businesses stay compliant with local laws and regulations.³
There’s also their CountryPedia, giving you information about local regulations, taxes, and employment laws in 160+ countries. Also, if your business prioritizes customizable reports and analytics, Papaya Global can offer insights into your global workforce.
Features | Price |
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Advanced payroll platform, embedded payments, global partner network, employee portal | Starts from $3/mo per employee⁴ |
TriNet(see TriNet alternatives) markets itself as a “full-service HR solution” that offers a range of services for businesses of all sizes. Their focus is primarily on risk mitigation, HR, benefit options, and of course, payroll services.⁷
Their online payroll service makes it easy to go paperless, with direct deposit, debiting, e-pay stubs, and accounting system integration. There are even time and attendance tools to manage time tracking, schedules, and clocking in and out. TriNet might be a good option if your small to medium business is looking for a robust analytical payroll solution.⁸
Features | Price |
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Accounting platform integration, expense management system, tax feature, online employee portal for self-service access, reporting capabilities | Custom pricing based on company size and needs. |
Rippling is a cloud-based platform that boasts three products – an HR Cloud, IT Cloud, and Finance Cloud. Their Finance Cloud is designed to make it easy for businesses to manage payroll and expense management in one place. The upcoming bill pay feature also lets companies pay vendors through wire transfer, electronic payments, or check.
The platform is a top choice for unifying all your financial data and automating expense approvals on another level. Their advanced automation features enable businesses to eliminate errors and streamline their financial workflows. The platform's AI-powered algorithms can automatically categorize expenses, identify fraudulent activity, and even suggest ways to optimize spending.
Features | Price |
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Track and reimburse expenses in any currency, hyper-custom automation approvals, receipt matching | Starts at $8/mo per user⁹ |
Deel is a dynamic payroll platform that lets you run payroll in over 90 countries. They’re a user-friendly solution to streamlining the payroll process and simplifying compliance management – with their in-house payroll team processing all your payments directly.
Deel provides an array of services to help businesses with their payroll needs, including government declaration processes, customized compliance management, and tax filing. In addition to its payroll services, Deel also offers a range of HR tools, including contract management and compliance tracking.
Features | Price |
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In-house payroll team for support, government declaration service, tax filing, onboarding/offboarding, pay everyone with just one invoice | For payroll services, you can get started for free.¹⁰ |
Deel also partners with Wise. Wise gives you the mid-market exchange rate when paying international employees and contractors. This translates to no hidden fees, multi-currency support and a fair conversion rate.
Globalization Partners (GP) is a leading provider of international payroll services that enable companies to expand their global workforce without the need for a local entity. Its cutting-edge Global Employment Platform and experienced team of experts offers a streamlined and compliant solution to the complex and time-consuming process of managing payroll across multiple countries.
Whether you're a small startup or a multinational corporation, GP’s tiered solutions provide you with the flexibility and scalability you need to navigate the complexities of the global market. Their cloud-based platform ensures seamless communication and integration across all of your global payroll processes, from onboarding to offboarding, and everything in between.
Globalization Partners has also joined forces with Wise, making low-cost international transfers possible. Companies now have immediate access in the G-P platform to a payment system that guarantees fairness and pay transparency for all talent.
G-P Contractor will now deliver flexible payment options and a straightforward view into the entire payments process.
Your money will be exchanged at the mid-market rate, free of hidden markups and fees. This gives businesses more control and autonomy over their international payments. A variety of payment methods are also supported, such as credit, bank transfer, debit, ACH, wire and international wire.⁴⁵
Features | Price |
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Cloud-based platform, dedicated support from experienced payroll experts, integration with HR systems, scalable solutions, currency exchange and transfer services | Will depend on the solution, but have to request a quote. Plans include G-P Meridian Suite, G-P Meridian Prime, G-P Meridian Core, and their Contractor and Recruit products.¹¹ |
Lano is a global payroll management platform that provides end-to-end solutions for companies seeking to expand their international presence. Their most coveted feature is their Payroll Consolidation, which essentially manages everything relating to employee and salary data.¹²
Their Global Salary Payments capabilities allow you to pay contractors, full-time employees, or other members in their preferred currency with no hidden costs or fees. And just like Papaya Global, they offer a Global Payroll Guide that gives you a comprehensive look into the nitty-gritty details surrounding payroll in each country.¹³ If you’re interested, they also have Employer of Record (EOR) and Contractor Management (CM) services.
Features | Price |
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Hire, manage, and pay employees in 150+ countries, consolidate payroll by integrating multiple providers, payment distribution and currency exchange, volume discounts | From €300/mo (1-5 employees) or €30/mo per employee (More than 5 employees). There’s also a one-time setup fee from €1000 per provider.¹⁴ |
For Workday, AI is the core of their cloud-based finance and HR applications. When it comes to payroll, they seek to keep up with the rapid changes in worker expectations and regulations. Their global payroll solutions are flexible enough to meet payroll needs as they change, get visibility into your general ledger, and have full control over your finances.¹⁵
As well as being an international and multi-country payroll provider, Workday has a whole host of products to maximize value. From analytics and reporting to workforce management and professional services automation, there are plenty of tools to meet your business’s requirements.¹⁶
Features | Price |
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Continuous payroll processing, anytime audits, mobile-first employee experience, HR transactions that go right to payroll¹⁷ | Request a custom quote. |
Multiplier puts a strong focus on thriving in global markets. They are a payroll provider that works to simplify payroll for international employees, all while complying with tax laws, pensions, and more. The experience is described as all-in-one, combining the onboarding, payment, and benefits admin processes in one place for easy access.¹⁸
Something unique about Multiplier is their local contract creation feature, where you can get multilingual compliant contracts crafted by legal experts. And when it comes to the numbers, you will get a breakdown of all the costs associated with that new hire in regard to where they’re located.
Features | Price |
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Continuous payroll processing, anytime audits, mobile-first employee experience, HR transactions that go right to payroll¹⁸ | Request a custom quote.¹⁸ |
Multiplier and Wise Platform have teamed up to streamline global payroll for international businesses. Our integration enables Multiplier's clients to send payouts to its freelancers and contractors in 57 currencies around the world as part of Multiplier's optimized payments infrastructure, reducing transaction times and providing real-time visibility into payment progress.
Along with their popular hiring process for full-timers and contractors, Oyster features a multi-country payroll solution for any business to manage and send compliant payments.
The best part of their platform is their lump sum payment option to cover everyone’s salaries. Oyster will simply divide that up correctly, so each team member is paid on time and in the right currency. Another great feature is the built-in bonuses and reimbursements, which are compliant with local tax regulations. As their product facilitates everything you need for payroll, including cross-border transfers and multiple currencies, you can count on big changes for your business.²²
Features | Price |
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Hire employees/contractors with compliance and liability coverage, invoice processing, compliance contract creation, global and local benefit packages | The Contractor plan starts at $29 per contractor/mo, the Employee plan starts at $499 per employee/mo, and the Scale plan requires speaking to an expert.²³ |
Intuit QuickBooks is known primarily as an accounting software used by businesses to manage their financial transactions. Complementing its core accounting features, QuickBooks also has a payroll service. If you have an existing QuickBooks plan you can bundle payroll and bookkeeping all in one.
With QuickBooks Payroll, businesses can automate payroll by adjusting schedules, file and pay taxes, give your team access to digital pay stubs, and more. Depending on the plan you choose, you can take advantage of less advanced or more advanced features like multi-currency support, batch invoicing, track project profitability, and more. There’s even a 30-day free trial.²⁴
Features | Price |
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Track sales and sales tax, organize receipts, invoice and accept payments, maximize tax deductions, tax penalty protection, 1099 e-file and pay, workers comp administration²⁵ | There are three payroll plans: Core for $45/mo ($5/mo for each extra employee), Premium for $75/mo ($8/mo for each extra employee), Elite $125/mo ($10/mo for each extra employee)²⁶ |
Immedis’ payroll product offers an end-to-end payroll solution that can manage complex payroll processes for companies with global workforces. Their platform features process automation, a consolidated view of global payroll processing, and analysis to provide a streamlined and efficient payroll management experience. Immedis’ payroll product is supported by a team of global payroll experts who are available to provide advice and support to their clients on a 24/7 basis.²⁶
Along the way, you’ll have access to their Onboarding team, global payroll managers with 10 - 15 years of industry experience, and a dedicated Customer Experience Partner.
Features | Price |
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Input automation, global and local centralized dashboard view, payroll analysis, employee self-service²⁶ | Request a demo.²⁷ |
Payoneer is a global financial services company that provides digital payment solutions and online money transfer services. Their payroll product is designed to streamline the payment process for businesses with remote workers or employees in different countries. Companies can use Payoneer to pay their employees in multiple currencies without the hassle of dealing with complex international banking regulations and fees.²⁸
Using their robust payments API, businesses can pay their employees all at once in just minutes, and their platform features automated invoice processing, currency management, and tax services.
Features | Price |
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Mass payments, detailed reporting, cashflow management, intercompany payments, collection capabilities, tax services²⁹ ³⁰ | Contact Payoneer for more information. |
Wise Business can help you save big time on international payroll.
One of the most useful features we offer is batch payments, which allows you to pay up to 1000 invoices in one go. This is perfect for small businesses that are supporting a global team's payroll, saving a ton of time and hassle.
Some important Wise Business account features:
Mid-market rate: Get the rate you deserve with not hidden fees on transfers
Global Account: Send money in 70+ currencies and hold balances in 50+
Batch payments: Send 1000 invoices in one click
Wise Business API: Recurring payments and automatic payouts
Permissions: Give different permissions to your team
Auto-conversions: Don't like the current currency exchange rate? Set your rate, and Wise sends the transfer at the perfect moment
No minimum balance requirements and monthly fees: Learn more about fees here
Start making payments
with Wise Business >>
US-based business accounts can get an account free
Learn More:
The 12 Quickbooks Payroll Alternatives and Competitors
The 10 best apps for payroll: Small business lifesavers
The Best Free Payroll Software
Bluesnap Competitors and Alternatives
Nium Competitors and Alternatives
Sources:
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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