You can trade more than 30 currencies online with more available over the phone.
The gig economy is growing at a rapid rate; in fact, by 2027 it’s predicted that the majority of the US workforce will be freelancers.
With flexible hours and increased independence, it’s obvious why freelance work is becoming more attractive. The United States, followed by the UK and Canada, are already capitalizing on this new trend as these are the top countries currently hiring gig workers. However, with this influx of new workers come new expectations... So what does this mean for businesses?
Companies who want to be a part of this evolving economy will have to adapt and be mindful of the expectations that gig workers have around the way they are paid. 86% of gig workers wish they received digital paychecks and over half say it takes too long to get their money. Plus, the ever-changing regulations across state and country boundaries complicate back-end processes and workflows. Businesses who fail to provide cost-effective and flexible payment options for freelancers will find themselves with a serious problem on their hands.
US businesses that employ freelancers and consultants around the globe will agree that the current payment options available are costly and time-consuming. So what options do businesses have?
Sources: Freelancerunion.org, Edison Research, Deloitte, Upwork.com, PYMNTS.com,Bill.com, Online Labor Index - University of Oxford
moneycorp can provide seamless payment options for businesses that employ gig workers around the globe.
Competitive pricing for more than 120 currencies
We work on an execution model that automatically selects the best price across a multitude of liquidity partners for your chosen currency. In doing this, you know you are getting one of the most competitive rates in the market for your global payments, while still only completing one set of KYC documentation.
Easy upload functionality for Bulk Payments
Our online platform offers you the facility to upload various types of payment files from your accounts package for your online money transfer. Uploading your own files helps to reduce time and workload, while minimizing the risk of potential errors commonly found when manually keying in multiple payments.
Innovative Payment Tracking and Reporting
Your beneficiaries can receive an email once your payments have been made, enabling you to provide that extra service to your clients. We will send a ‘proof of payment’ in either a SWIFT format or a simple confirmation format when your payment has been processed.
Suite of Risk Management Strategies for Reduced Volatility
As well as the self-service functionality, you will have access to our dedicated service team regarding any queries on your global payments or to provide more assistance.
Our unique moneycorp API allows you to interact with our platform electronically so that you can automate your payment processing.
We understand the complexities of the gig economy and provide specific solutions ranging from simple to high-tech solutions to ensure cross-border payments are delivered on time.
We offer multiple solutions and access to ensure you are getting the right service for your business. Our APIs will help you:
- Pay money to other parties via SEPA, SWIFT, and ACH.
- Rest assured with international bank account validation.
- Receive money with a dedicated IBAN and CK Reference.
- Convert or hold funds using our free multi-currency account.
- Track and report your payments efficiently.