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Payroll

Pay your teamin one run.

Swaps Payroll lets businesses pay their team in one funded run, to eligible USDC wallets or bank accounts.

Start a pay run See inside a run
Example

Pay run · 4 people

October

Total

12,400.00 USD

Inside a pay runExample

One run.
Four moments.

Follow Lea’s pay from draft to paid. Her amount never changes.

  1. 01 / 04 · Draft

    Add yourpeople.

    Import a CSV or add each person. A draft moves no money.

    DraftExample

    October pay run

    4 people · USD

    • Ana RuizReady · USDC wallet4,200.00 USD
    • Tom BeckerReady · USDC wallet3,600.00 USD
    • Lea ParkNeeds destination2,800.00 USD
    • Sam OseiNeeds destination1,800.00 USD
    Total
    12,400.00 USD

  2. 02 / 04 · Each person chooses

    Each personchooses.

    Lea adds a USDC wallet on her private link.

    Example

    swaps.app/payroll/recipient/ private token

    North Studio wants to pay you

    2,800.00 USD

    For Lea Park

    • USDC wallet, selectedWhere enabled for this run

  3. 03 / 04 · Approve and fund

    Approve.Fund once.

    Approval locks every amount. You fund once, from your own funds.

    Example

    October pay run

    Approved · locked

    • Ana RuizReady · USDC wallet4,200.00 USD
    • Tom BeckerReady · USDC wallet3,600.00 USD
    • Lea ParkReady · USDC wallet2,800.00 USD
    • Sam OseiReady · USDC wallet1,800.00 USD
    Payouts
    12,400.00 USD
    Swaps fee (1%)
    124.00 USD
    Funding confirmed
    12,524.00 USD

  4. 04 / 04 · Everyone is paid

    Everyoneis paid.

    Each payout has its own status. If one fails, the rest carry on.

    Example
    1. Draft, done
    2. Approved, done
    3. Funded, done
    4. Executing, done
    5. Completed, current
    • Ana RuizPaid · USDC wallet4,200.00 USD
    • Tom BeckerPaid · USDC wallet3,600.00 USD
    • Lea ParkPaid · USDC wallet2,800.00 USD
    • Sam OseiPaid · USDC wallet1,800.00 USD

Payout rails

Where your people get paid.

USDC wallets they control for pay runs in USD, EUR and GBP. USD runs also support bank payouts in USD, BRL, MXN and COP.

Payout rails for payroll, by destination and currency
CurrencyRail
Bank account
USDUS dollar
  • ACH
BRLBrazilian real
  • Pix
  • USD runs
MXNMexican peso
  • SPEI
  • USD runs
COPColombian peso
  • Bre-B
  • USD runs
USDC wallet
USDCStablecoin
  • External wallet
  • USD runs
  • EUR runs
  • GBP runs

AvailabilityAvailable where enabled for your account and destination. Bank payouts are for USD runs only: USD via ACH, BRL via Pix, MXN via SPEI and COP via Bre-B. Local-currency amounts are estimates until payout; the conversion rate can change. USDC wallets are available for runs in USD, EUR and GBP, where enabled. Bank payouts for runs in other currencies are not offered today.

Swaps walletPayouts to a Swaps wallet are not live for payroll yet.

Pricing

Drafting is free.
1% per payout.

See all pricing
Drafting a run
Free
Each payout Swaps executes
1%
Provider and network costs
Shown before you fund

Payroll, in facts.

As of

Fee
1% on payouts Bridge executes, added to the funding total. Local-currency payouts also include conversion costs.
Each person receives
USDC to an eligible external wallet for runs in USD, EUR or GBP. From a USD run: USD via ACH, BRL via Pix, MXN via SPEI or COP via Bre-B, where enabled. Local-currency amounts depend on the payout conversion rate.
In transit
Bridge processes supported bank payouts. Where wallet funding is offered, you sign the transfer from your wallet to the displayed funding destination.
Status
Verified workspaces, where enabled.

Who it is for

Made for people who pay people.

Businesses and verified individuals can both run it.

Trust

Swaps provides the interface and transaction coordination.

Bank payouts are processed by Bridge and its banking partners. Named before you pay. Never swapped silently.

Bank-service provider

Execution only.

Swaps does not calculate taxes, file payroll, issue payslips or act as employer of record.

FAQ

Questions.

Does Swaps calculate taxes or issue payslips?

No. Payroll is execution only. Your company, payroll system, accountant or employer of record stays responsible for calculations, taxes, filings and payslips.

How do my people choose how they are paid?

Each person gets a private link to add an eligible USDC wallet or, for a USD run, a bank destination: USD via ACH, BRL via Pix, MXN via SPEI or COP via Bre-B. The link shows the available options. They do not need a Swaps account. A link expires after 14 days, and you can send a new one.

How do I fund a run?

Each run is funded once, from your own funds, by bank transfer to the account issued for that run or in USDC where enabled. Payouts start only after the full amount is confirmed.

Can I pay people with money from my clients?

Not through payroll. Payroll pays your people from your own funds. Collect from clients first with payment links or invoices.

What happens if one payout fails?

Every payout has its own status. A run can complete, complete in part or fail, and each row shows what happened. Check the row and contact support before you send a replacement payment.

Do I need to verify first?

You can draft a run before you verify. Approving, funding and paying need a business or individual account verified with Bridge, the provider for supported bank services. Creating a draft moves no money.

Start your
first pay run.

Drafting is free. Each person chooses how they are paid.

Start a pay run Sign in