What are Mass Payments? (Key Tips, Benefits, Providers)

Mike Renaldi

Mass payments are a type of payment processing. They enable businesses to send many payments in one transaction. Mass payments streamline and automate the payment process. This saves time and money for all parties involved.

Mass payment software minimizes labor costs from manual payment processing. They also provide added security for bulk transactions.

In this article, we’ll discuss tips and solutions for making mass payments more effective. We'll also look at services like Wise Business.

Looking to send money at low cost?

Send Money >>

Trustpilot Rating: Great with 190,000+ reviews¹
Over 300,000 businesses use Wise every quarter
No monthly fees and no minimum balance requirements

Table of Contents

What Are Mass Payments?

Mass payments are a type of payment processing. They enable businesses to send many payments in one transaction. The process groups all the transactions into one large payment. This makes it faster and easier than making individual payments for each transaction.

Mass payments reduce labor costs associated with manual payment processing. This saves time and money for both parties involved. They can also help simplify accounting processes. This is through batching transactions together and providing detailed records of every transaction.

Businesses use mass payments most often in the form of payroll. They make it easier for businesses to pay many employees in one go. Mass payments are also used to pay vendors, contractors, and other business-related expenses. For example, mass payments are helpful if a business has to recall an item. Mass payments help refund all the customers who purchased the product in one payment.

Individuals also use mass payments to send out payments for average monthly expenses. This could include rent or bills. Mass payments also make it easy for the average person to send money to their family members or friends. They use them to pay friends and family back for vacation costs, meals, rentals, etc.


Benefits Of Mass Payments

There are many benefits to making mass payments, some of which we’ve already discussed. Here’s an in-depth look at some of the main benefits of adopting mass payments into your business.

Saving Time And Creating Efficiency

Mass payments can save your business a lot of time. This is especially true if you’re dealing with large numbers of customers or suppliers. You’ll be able to process and send payments without having to enter each one into your system. This will free up your valuable time for other tasks. These tasks could include customer service or product development.

Scaling Partner Payments

Mass payments also make it easier to scale partner payments. It simplifies the process of sending out large amounts of money and allows you to manage your cash flow. And, as mentioned before, it provides added security when making bulk transactions.

Enhanced Security

Mass payments make it much easier to keep track of your transactions. They also ensure the safety and security of your funds. With the right payment solution, you’ll be able to set up automated fraud prevention measures. You will also have access to advanced encryption technology for secure data protection.


Mass payments are also very easy on your company’s wallet. Automating helps you save money on labor costs associated with manual payment processing. Additionally, many mass payment solutions offer discounts and other incentives for bulk transactions. This can help you keep your bottom line in check and make sure that your business stays profitable.


Global Reach

Mass payments can also help you reach a much larger audience than ever before. By utilizing a mass payment platform, you’ll be able to send money around the world. You also won't have to worry about currency exchange rates. Traditional payment methods cause this and other fees.

Wise Business could help you send money abroad at a lower rate than your current provider. Let's look at how much you could save:

Improved Tracking and Accuracy

With mass payments, you’ll be able to keep better track of each payment and verify that the payee has received it. This is especially important when dealing with large numbers of customers or suppliers. It also helps reduce the chances of errors occurring due to manual intervention.

Compliance and Risk

Mass payments also reduce the risk of non-compliance with government or industry regulations. For example, many large transactions need specific documentation. Mass payments help you ensure that all relevant documents are in each payment. You won't have to check them to be sure they're there. This helps protect your business from non-compliance, which can cause unnecessary fees.

Other Benefits of a Mass Payment Solution

When a business uses a mass payment solution, they can also enjoy more features like:

Mass Payment Benefits
Automated Reconciliation: This helps businesses keep track of all payments in one place. This makes it easier to compare records and ensure accuracy.
Multi-Currency Payments: This gives businesses the ability to make payments in many currencies. It's a big plus for businesses that operate globally.
Low Fees and Exchange Rates: Fees and exchange rates are difficult to calculate and know for sure. Mass payment systems take the work for you. Their rates are also much lower on average.
Customized Payment Schedules: Businesses can customize their payment schedule. This helps them stay organized and on top of payments.
Data & Analytics Tools: Many mass payment solutions come with data and analytics tools. These tools help businesses make better decisions about their payments.

Mass Payment Solutions and Services

Unfortunately, every mass payment solution is different and prioritizes different things. This means that no solution is going to include every one of the features listed above. That’s why it’s important to learn about your options before making a decision.

Wise, PayPal, and Payoneer are some popular mass payment solutions. We'll spend the next section looking at their fees and services. This will give you a good idea of which solution will work best for you.

Wise Business Mass Payments

Wise Business offers a free batch payment/mass payout tool. This gives customers the ability to pay 1000 invoices in one click.

Customers can also enjoy Wise Business’ Application Programming Interface (API). This allows you to schedule and automate these mass payouts from your account for free.

Wise prioritizes low costs for their customers, especially for small businesses. Customers get the features listed above for free. They also have access to low-cost transfers that outperform other companies.

Fees Related to Mass Payments:

Sending MoneyFrom 0.43%


  • pay up to 1,000 invoices in one click (Free with account)
  • automated & scheduled mass payouts with API (Free with account)
  • tracking & reporting (Free with account)
  • management of 40+ currencies (Free with account)

Looking to send money at low cost?

Send Money >>

Trustpilot Rating: Great with 190,000+ reviews¹
Over 300,000 businesses use Wise every quarter
No monthly fees and no minimum balance requirements

PayPal Mass Payment (PayPal Payout)

PayPal lets their customers make mass payments with their PayPal Payout service. You can make payments in 23 currencies with automatic conversions. PayPal also has access to more than 156 global markets. Venmo partners with PayPal to make payments more convenient. This means you can use your recipient’s email, mobile number, PayPal ID, or Venmo handle to pay them³.

PayPal offers a Payouts API to set up payments. There is also the option to use Payouts Web or upload a file from SFTP instead. Their payout dashboard shows your Payout transactions, mass payment history, and transaction details³.

Fees Related to Mass Payments:

US Transaction2% of total transaction⁴
US Transaction Using Payouts APIFlat Rate⁴
International Transaction2% of total transaction⁴


  • integration with Venmo
  • recipient notifications
  • comprehensive dashboard
  • 23 currencies
  • payment setup flexibility³

Payoneer Mass Payments

Payoneer allows customers to make mass payouts in over 190 countries and territories. You can make payments in 70 currencies. The platform also connects you with 5 million fellow Payoneer users. This helps with your global growth. Their support team is also there for global businesses. They provide answers to any of your questions in over 22 languages⁵.

Fraud prevention is a Payoneer priority as well. You can entrust your fraud prevention processes to them. Some popular options are Know Your Customer (KYC) and Anti-Money Laundering (AML). They also offer an API to automate processes for your business. This includes currency conversions and automated initiation⁵.

Fees Related to Mass Payments:

Paying/Getting Paid to/by Payoneer AccountFree⁶
Paying Non-Payoneer AccountUp to 2% of transaction⁶
Transfer with Currency Change0.5% of amount to transfer⁶


  • global support
  • automations with API
  • minimized risk and fraud
  • encouraged global networking
  • flexible payment process⁵

The Bottom Line for Mass Payment Software

There are many solutions you can use to make the mass payment process more effective. Mass payment services help businesses simplify and automate their payment processing. This provides added security when making bulk transactions. At the same time, it reduces labor costs associated with manual payment processing.

Mass payment software saves time and money for all parties involved. So why not try using this solution for your business? Get started with Wise Business today at a low cost. You can learn about all their amazing free services available to you.

Wise Business: A Low-Cost Account for your Company

Here's a few things that Wise Business users can tap into.

Some other features Wise Business users love
Make purchases or pay your international team at low rates (as low as 0.43%)
Get paid without the fees in GBP, USD, EUR, AUD, CAD after a one-time fee
Account Software Integration: QuickBooks, Xero, Sage, and Wave
Batch payments offer the chance to send up to 1000 invoices in a single click
The Most International Account: Hold 40+ currencies at once
Transparency: Wise Business is trying to get rid of all your business account fees
Most importantly, if you're sending international payouts, then Wise could help. We offer the mid-market exchange and transparent costs, which has attracted over 16 million users to hold, receive, and send money with Wise and save along the way

Looking to send money at low cost?

Send Money >>

Trustpilot Rating: Great with 190,000+ reviews¹
Over 300,000 businesses use Wise every quarter
No monthly fees and no minimum balance requirements

Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.

Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks.


  1. https://www.trustpilot.com/review/wise.com
  2. https://www.paypal.com/us/business/operations/mass-payments
  3. https://www.paypal.com/us/webapps/mpp/merchant-fees#statement-10
  4. https://www.payoneer.com/marketplace/mass-payouts-platform/
  5. https://www.payoneer.com/about/pricing/

This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from Wise Payments Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.

Money for here, there and everywhere

Find out more

Tips, news and updates for your location